We specialize in Certified Diamond Jewellery and Hallmark Gold Jewellery

Tuesday, January 3, 2012



How many times do you sell out your entire inventory?

“Inventory turnover” represents the number of times you sell out your entire inventory in one year. This can be worked out very easily by dividing sales with closing stock or average inventory.

In case of jewelry business, the ratio should be calculated based on weight instead of amount. If sale of 22KT is say 30kgs in the entire year and average stock during the year of such chains is say 10kgs, the inventory turnover ratio will be 30/10 = 3. This means you have turned your inventory of 22KT jewellery 3 times in a year.

You can apply same formula on different categories too such as 18KT, 23KT etc jewellery or itemised jewellery such as sets, tops, chains, rings etc. and now the performance of each in comparison to previous years.



Monday, January 2, 2012

Happy New Year 2012

New year is here! New year is about the change, about the development, about the progress. Year after year Just leave the negatives and drawbacks in the past year and move on to a new year and a new era!
We at NJ have always thrived to be in constant self improvements and making our business best from better. Last year our pluck was to digitize our accounts and make our Diamond jewellery certificate authenticated. And we are happy to announce that we have been successful in doing so 100%.
Some of the accomplishments of 2011:-
1) We won Udyog Bharti Award in march recognising outstanding achievements
2) Digitized our accounts
3) Certification of Diamond Jewellery
4) Run fabulous festive week in May on occassion of Akshay Tritiya
5) Enhancement in the floor area of our showroom
6) Special Diwali Mela in October wherein gifts were provided to buyers through sweepstakes

One of our major goals in 2012 would be to bring Hallmark Jewellery as our fore runner. Because as of now less people are buying Hallmark jewellery.
But we insist our customers to buy hallmark jewellery which safeguards them from cheats. People usually don't buy Hallmarked jewellery because it being a bit costly. But customer should learn that Quality is important than price.
This is our main endeavour in 2012.
Wishing all a very Happy New Year 2012...
Regards NJ