Cost Based Designing

Paper Code: 
TJD 202
Credits: 
T 2
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 
  1. To understand costing process of  jewellery design
  2.  To impart in-depth knowledge of manual & computerised cost estimation of  jewellery

 

10.00
Unit I: 
Costing and Pricing Strategies, Objectives & Pricing formula

 

       I.      Costing and Pricing Strategies, Objectives & Pricing formula :           

  •            Costing  of a  Jewellery Piece
  •            Wastage
  •            Labour Cos
  •          Determination of Profit
  •           Selling Prices
  •         Jewellery Purchasing

20.00
Unit II: 
Cost-Based Designing
  1.  

    II. Cost-Based Designing:                                                                          

  • Designing a Pendant and earring Set for a Particular Cost-Price
  • Designing a Ring for a Particular Cost-Price
  • Designing a Earring  for a Particular Cost-Price
15.00
Unit III: 
Costing in MS Excel

     III. Costing in MS Excel                                                                                                                            

  • MS Excel

Introduction, spreadsheet, workbooks, saving a file, opening an existing worksheet, Rows and columns, cell entries (numbers, labels, formulas),

  • Various tools & Functions    :                                                          

Filling series, Functions and its parts, Some useful Functions in excel (SUM, AVERAGE, COUNT, MAX, MIN, IF) .Data sort, Renaming  sheet, Printing worksheet.

  •  Costing :

Insert Picture, Rate of Metal & Gem stones, Labour, Wastage,  Determination of Profit and selling price.

Essential Readings: 

 

  1. Newman, R. (2002). Diamond Ring Buying Guide: How to Evaluate, Identify and Select Diamond & Diamond Jewelry. International Jewelry Publications.
  2. Berends, W. R. (2004). The Essential Guide to Product & Service Pricing and Profit Forecasting: Developing Your Competitive Pricing Strategy. William R. Berends

References: 
  1. Boothroyd, A. (2017). Setting Up a Successful Jewellery Business. Bloomsbury Publishing.
Academic Year: 
2018-2019
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