Based on Fortune Business Insights, the worldwide jewelry business size could reach $266.53 billion by 2027, registering a CAGR rate of 3.7%. Many businessmen believe that online jewelry sales will grow in the eCommerce sector to become a $19.98 billion business opportunity in 2024. Therefore, jewelry could be a very profitable and successful dropshipping niche.
Here, I want to go through the details of this Dropshipping and introduce some of the best jewelry dropshipper suppliers.
Is Jewelry A Good Dropshipping Niche?
You might hear about the decline the jewelry market experienced between 2019 and 2020 because of the COVID-19 pandemic limited production and international trade. But authorities expect that it will bounce back immediately after financial recovering.
Others believe that the worldwide jewelry business is highly fragmented, with the two giant retailers only subscribing to 23.3% of the whole online revenue. That’s still left a lot of room for you to break into and compete.
There are various causes for the online jewelry market development.
First, because increasing disposable income and spending power of consumers, they can buy more luxury goods. Second, the COVID-19 pandemic causes fast digital adoption. Furthermore, the advancement of digital media promotes luxury goods and pushes consumers to purchase jewelry online.
How Much Money Can You Make Dropshipping Jewelry?
You might think of how much money you make dropshipping jewelry before jumping into this niche. I want to state some case studies from successful jewelry dropshipping brands to answer this question.
The first case is En Route. This dropshipping market concentrates on trading affordable romantic jewelry produced by a company in China. Currently, En Route has more than 150,000 visitors each month.
In today’s business world, the average order price for jewelry eCommerce stores is about $136.72, and the gross profit margin will be nearly 42.6%. It shows that you will earn $58.24 in gross profit for each trade.
Advantages And Disadvantages Of Dropshipping Jewelry
When you know the benefits and drawbacks of dropshipping jewelry, you can prepare and adapt yourself to different circumstances throughout your marketing life.
Here are some benefits:
- Highly Profitable: As we have stated, you will make around 42.6%. profit for each sale, while you will make approximately an 8% profit margin to clothing dropshipping.
- Easy To Promote: You can find large and active audiences for this niche in almost all social media platforms. Also, there are many ad interests related to jewelry to target for your ad campaigns.
- High-Quality and Reasonable Price Product Sources: Many dropshipping suppliers and platforms sell excellent and low-cost jewelry pieces.
- Upselling and Cross-selling Potential: This is a simple niche to upsell and cross-sell related products. For instance, if you trade necklaces, there is a choice to cross-sell the same style of rings, bracelets, clothing, etc.
Here are disadvantages of the jewelry dropshipping niche:
- Competitive: Like all other niches there are some competitor dropshippers, but you have to make yourself ready to face great brands like Tiffany & Co, Cartier, Pandora, Swarovski, Signet Jewels, etc.
- Troubles With Payment Processors: Jewelry is a high-risk item for many payment services because of its vulnerability to fraud.
- Getting Banned By Facebook: For the above reason, Facebook sometimes prevents ad accounts from dropshipping jewelry.
Best Jewelry Dropshipping Suppliers
Below are some of the best dropshipping suppliers you can use to find high-quality and affordable jewelry products.
- AliExpress – Suitable For Beginner Jewelry Dropshippers
Founded in 2010, AliExpress is an online eCommerce site controlled by Alibaba Group. You can find more than 100 million products on this platform from 200,000+ sellers in any category with low prices.
AliExpress is free, but you need to pay for the product cost and shipping charge.
- CJDropshipping – Best For Sourcing AliExpress Jewelry Products
Established in 2014, CJDropshipping is the most reliable service to support you source any AliExpress stocks. A powerful team of 1,114 professionals and 200+ warehouses in China, the USA, Germany to Britain, Australia, and France. You can work with CJDropshipping to scale your dropshipping business while you are not worried about warehousing or long shipping times.
There is no fee for sourced products in CJ warehouses. And you have to pay only for products not already sourced.
warehouse service fee = processing fee (from $0.60/item) + shipping fee (from $2.4/kg) + warehouse fee (free for 30 days then $0.8/cubic meter/day).
- Banggood – Leading Wholesale And Affordable Jewelry Suppliers
Banggood is an option to AliExpress that concentrates on high-quality jewelry products. Now, you can find more than 1M products in all categories.
Furthermore, there is a network of suppliers in 100+ Chinese regions, 37+ overseas warehouses, and an efficient supply chain. Also, Banggood offers low-cost products and fast shipping to 200+ countries globally.
There is no membership fee for Banggood.
- DHGate – Best Dropshipping Protection Service
DHGate is another great dropshipping platform to provide trustworthy jewelry suppliers, serving 26 million companies and private buyers from more than 222 regions. There is a long list of 2.2 million sellers and 22 million products.
You can use this source with no subscription fee.
- Trendsi – Best To Find Trendy Jewelry Products
Trendsi is almost a new dropshipping platform with huge potential and affordable, high-quality, and trendy jewelry.
While it has several local warehouses, Trendsi provides 2-10 business days of express shipping to the US and easy returns.
Trendsi is free at the moment.
- BrandsDistribution – Best For Dropshipping Original Jewelry Brands
BrandsDistribution is the next one that joins you with 120+ original brands like Adidas, Nike, Levi’s, Gucci, etc. There is an innovative supply chain and supports you transmitting 500,000+ products to 170+ countries trough the world.
You can buy its credit from €99/month.
- BrandsGateWay – Best To Find High-End Jewelry Wholesale And Dropshipping Suppliers
You can use BrandsGateWay to dropship 90,000+ products from 70+ leisure trend brands. Another advantage of this platform is the delivery of its products in 5 days for $17.
You have to pay at least €295/month for BrandsGateWay.
If you want to start jewelry dropshipping and need its details, read the above text. There, we discussed why some people choose this niche, its future, advantages, and disadvantages. Also, we introduced some of the best suppliers in the world.