Jewellery business

Math

• The student learned about profit margins by calculating the cost of materials and labour compared to the selling price of the jewellery items.
• They applied percentages when pricing the products and determining discounts for customers.
• The student practiced basic algebra by using formulas to calculate the total cost and revenue.
• They understood the concept of revenue and the importance of tracking sales to evaluate the success of the business.

Business Studies

• The student learned about market research by identifying customer preferences and trends in jewellery designs.
• They applied marketing concepts by creating promotional materials for their jewellery business, considering target audience and advertising strategies.
• They explored the concept of entrepreneurship by understanding the risks and rewards of starting a jewellery business.
• The activity helped them grasp the basics of financial management, including budgeting and tracking expenses.

For continued development, students could explore the concept of sustainability in the jewellery business, learning about ethical sourcing of materials and eco-friendly manufacturing processes. They could also consider incorporating technological solutions like e-commerce platforms for selling their products and digital marketing strategies to reach a wider audience.

Book Recommendations

• The Sparkle Effect by Helen C. Johannes: This novel follows the journey of a young entrepreneur who starts her own jewellery business and navigates the challenges of the industry, with valuable lessons on resilience and creativity.
• Beneath the Glittering Surface by Eliza Duncan: A non-fiction exploration of the jewellery business, delving into the history, artistry, and business aspects of the industry, providing a comprehensive understanding of the field.
• Adorned: The Fashionable Art of Jewellery by Lisa Hudson: This book combines the art and business of jewellery, providing insight into the creativity and craftsmanship, as well as the marketing and entrepreneurial aspects of the industry.