Cost Based Designing

Paper Code: 
TJD 202
Credits: 
2
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment Strategies

 

Code

Title

 

 

 

TJD 202

 

 

 

Cost Based Designing

 

 

The students will –

 

CO19: Calculate the average cost of jewellery Product.

CO20: Design jewellery product keeping cost in mind.

CO21: Price the Jewellery Product.

CO22: Determine markup price for single and wholesale order jewellery.

 

Approach in teaching:

Interactive Practical Sessions, problem solving exercises, Demonstrations, Giving tasks, Field practical, Workshop, Laboratory industry visits, Group and Team Work

 

Learning activities for the students:

Self-learning assignments, Effective questions

 

Class test, Semester end examinations, Assignments, Presentation, Individual and group projects

 

10.00
Unit I: 
Costing and Pricing Strategies, Objectives & Pricing formula
  • Costing of a Jewellery Piece
  • Wastage
  • Labor Cost 
  • Determination of Profit
  • Selling Prices
  • Jewellery Purchasing.

 

20.00
Unit II: 
Cost-Based Designing
  • Designing a Pendant and earring set for a Particular Cost-Price
  •  Designing a Ring for a Particular Cost-Price
  •  Designing an Earring for a Particular Cost-Price

 

15.00
Unit 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: 
  • Anna M. (22 January 2013) , Jewelry Appraising by Gem Stone Press; 3rd edition
  • Miller, Anna M. (22 February 2012) Gems and Jewellery Appraising by Springer; Softcover reprint of the original 1st ed. 1988 edition

 

References: 
  • Cihonski, J. L. (2001). NOBLE METALS. Encyclopedia of Physical Science & Technology, 9, 9, 15.
  • Hoke, C. M. (2000). Refining precious metal wastes: gold-silver-platinum metals: a handbook for the jeweler, dentist and small refiner. Metallurgical Pub. Co..
  • Smith, H. (2010). Jewellery.: Nabu Press.
  • Carmichael, R. S. (2017). Practical Handbook of Physical Properties of Rocks and Minerals (2000). CRC press.
  • Chaffers, W. (2012). Hall marks on gold and silver plate. BoD–Books on Demand.

E-RESOURCES:

JOURNALS:

  • Diamond world
  • Jewellery news India
  • Art of jewellery
  • Journal of gem and jewellery industry

 

 

Academic Year: 
2022-2023
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