What is an Online Jewelry Store and Why is it Important for your Business?

Do you trade in jewelry? Have you forgotten to adorn your business while

embellishing your customers with their desired jewelry pieces?

Are you wondering how to add charm to your business? Your only way to do so is to incorporate an online jewelry store into your business!

The global jewelry industry was valued at $ 249.02 billion as of 2021. We expect the US jewelry market to grow at a compound annual growth rate of 1.31 percent from 2021 to 2026. In addition to this growth, the US jewelry market is projected to generate $ 61.868 billion in revenue by 2026.

There are several benefits to operating an online jewelry store, beyond owning a brick-and-mortar store, and reaching customers around the globe is one of them!

Do you want to learn more about the benefits of operating an online jewelry store? If yes, you need not look elsewhere as we have compiled some advantages here!

Let us dive right into it!

What are Online Jewelry Stores?

A jewelry store is a business retail establishment specializing in selling and sometimes buying watches and jewelry. A jewelry store generally provides the following facilities to the masses:

• Remodelling pieces of jewelry
• Reparation of articles
• Restoring accessories
• Designing and manufacturing customized jewelry pieces.

When a business offers all these facilities online without requiring you to visit them in person, it is said to have an online jewelry store.

Thus to summarize, we can say that an online jewelry store is a facility where customers and businesses meet and trade without requiring to sit in the same room. 

What are the Benefits of Online Jewelry Stores for your business?

Having online jewelry stores in addition to a brick-and-mortar shop has several benefits, such as:

Less Investment

Having an online presence in the form of online jewelry stores helps you immensely and prevents unnecessary expenditure! When you open an online store instead of a physical one, you do not need to spend money on electricity bills, reparations, renovation, hiring additional staff, etc.

Now, suppose you are already the owner of one offline store and considering opening one more branch of your business. In that case, you can opt for online jewelry stores and save money.

 In a nutshell, selling jewelry online requires less investment but showers you with a good return on investment.

Advertisements and Promotions

Promoting your brand, offers, campaigns, and special discounts becomes easier than before when you make a transition from offline to online. 

Here, you can write about your programs in the details section of the app or the website, giving your customers complete information regarding the offers.

You can also display the offers and programs at the bottom or top of the page while your customers surf for jewelry. This way, you can inform them of your latest developments and offers without getting the ads printed in newspapers.

No Robbery Threats

Several incidents have been in the news of jewelry stores getting robbed and owners facing massive losses. However, you are immune to this scenario when you do business online, as here, you are no longer required to keep the whole stock with you in public!

Here, only an eCatalog will suffice to display your articles to customers.

Suggested Reading: 5 Reasons why a Jewelry Store App is Important for Business

Improved Customer Service and Responsiveness

Online jewelry stores ensure that customers have all the information they need. A buyer might have several questions and concerns they can resolve by going through the comprehensive "Frequently Asked Questions" on your website or app.

If you had not had an online jewelry store, they would have been required to visit your store to resolve the concerns or call you, which is taking so much time.

Thus, it enhances customer convenience, encouraging them to return to you for future purchases.

Increased Customer Reach

Online jewelry stores mean more reach as now someone living in a different part of the world can come across your brand and buy a few articles if your assortment pleases them. This would have been a fancy thought without an online store!

Available Round the Clock

With online jewelry stores, you can enjoy the benefit of selling jewelry articles even after working hours. When working through an establishment, it is obvious that there are fixed working hours beyond which getting any business opportunity is out of the window.

But now, with an online store in your arsenal, you can witness orders even late at night.

Some people like to shop in their free time, and if that time is limited to nights, they prefer brands that offer online shopping.

Hence, having an online store helps you attract buyers even during off-hours.

Aids in Raising Credibility

Having an online jewelry store helps you share your experience and expertise in the field.

The "about us" page can help you impart your history as a retailer to your current and future customers. You can add content to your website or app that tells people how you make jewelry pieces, your vision and work ethic, and your ideologies.

It will help you build credibility with your shoppers.

Suggested Reading: The Definitive Guide to build online Jewelry store App

Current Trend

People find shopping online more convenient than visiting a physical establishment and spending hours there. According to Forbes, about 71 percent of consumers prefer to view in-store inventory online, and approximately 50 percent expect the option to buy jewelry online and pick it up in-store.

 Thus, maintaining an online presence ensures you do not miss opportunities among local businesses that have already transitioned to online channels.

 If we look at your major business rivals, it is evident that at least one is operating online and outperforming the rest!

You can also be one of them if you incorporate online jewelry stores into your traditional business.

These are the benefits of having an online jewelry store; you can enjoy them by building one. You can develop one with ease by partnering with app development companies with substantial experience, such as AppsRhino.

How Much Does it Cost to Develop Online Jewelry Stores?

We can always provide an estimate for app or website development. However, it depends on a number of factors, such as the complexity of your app or website, the number of features you want to include, and the type of developers (freelancers, in-house, or outsourcing firms) you have chosen.

But if we need to arrive at a rough value, then developing an app or store with basic features costs between $10000 and $20000. On the other hand, an advanced app or website demands something around $150,000 and $450,000.

Let us now look at a few of the best online jewelry stores. 

What are the Best Online Jewelry Stores at Present?

We list some of the thriving online jewelry stores below:

• Zales
• Super Jeweler
• Ice Rings
• Ross-Simons
• Helzberg Diamonds
• Jane Win
• Camille Jewelry
• Miral Jewelers
• George Jensen
• James Allen 

What are the Basic Features of an Online Jewelry App or Website?

This online jewelry store guide also tells you what features you must have in your online jewelry stores or apps. Let us have a look at them below:

User Panel Features

The following features are indispensable in the user panel of your online store or app:

• Multilingual Support
• Push Notifications
• Multicurrency payment options
• Log in and sign up using social media profiles or emails
• Create and manage profiles
• View and provide ratings and reviews
• Manage orders and keep tabs on the delivery
• Customization of jewelry option
• Physical store locator
• Browse items and add them to wish lists
• Product quality certifications
• Live chat assistance

Suggested Reading: Jewelry Store App: Features, Benefits and Future!

Jewelry Retailer Panel Features

The following features are indispensable in the Jewelry Retailer panel of your online store or app:

• User signup and sign in
• Product management
• Category management
• Customer support via chat
• Invoice management
• Add daily and group deals
• Add discounts and offer
• Manage listings
• Price management

Admin Panel Features

The following features are indispensable in the admin panel of your online store or app:

• Analyse user behavior and data
• Secure login
• Manage listings
• Manage user profiles
• View earnings and generate reports based on them
• Track jewelry delivery in real-time
• Manage categories and user profiles
• Manage CMS
• Review product pricing
• Manage your product catalog
• Maintain product quality standards

Conclusion

Incorporating online jewelry stores into your business requires several steps, including budgeting, developing an app or website, and hiring developers, UI/UX designers, and testers. In addition, you need to focus on marketing to raise awareness of your online presence/ venture!

You can leave the development process to AppsRhino and focus on other aspects of your business. AppsRhino is a reputable app development company that continually strives to deliver the best possible outcomes for its clients!

Appsrhino provides the best tech-driven solutions for your eCommerce business, like Alcohol delivery, Grocery Delivery, Food Delivery, and On-demand Cannabis Delivery:

• Food Delivery
• Alcohol Delivery
• On-demand Cannabis
• Grocery Delivery

What are you waiting for? Contact AppsRhino today to get started and enter the online trading world with a fantastic app/ website!

Frequently Asked Questions (FAQ's)

Can an online jewelry store support high-value purchases?

Yes. An online jewelry store can support high-value purchases by offering secure checkouts, insurance options, authenticity guarantees, and personalized consultations to reassure customers before buying.

How does an online jewelry store help brands reach global customers?

An online jewelry store removes geographical limitations, allowing brands to showcase collections globally, accept international payments, and market directly to customers across different regions.

What operational challenges does an online jewelry store solve for retailers?

An online jewelry store simplifies inventory management, demand forecasting, customer data tracking, and sales analytics, helping retailers operate efficiently without relying only on physical storefronts.