At Saanchi's, we have a 50% Buy Back on the Bill value on only our Gold Plated Indian Silver Jewelry. Buy backs on Imported Jewelry and regular Silver Jewelry will be calculated based on the current market price of the silver jewelry after deducting all beads/stones GST and other charges.
Now you may think, isn't 50% Buy back on the Bill value a loss for the Customer? We don't think so!
Let us put it like this to explain the silver jewelry costs.
Let's say you wish to make a Silver ring with 3 grams of the silver coin you own.
- The Karigar would charge 1 gram in wastage and 600 rupees making charge for his time and expertise.
- Therefore, we get a silver ring of 2 grams {3 grams coin (-) 1 gram wastage}.
- So the Intrinsic/Actual value of the ring of 2 grams would be:- 2 grams x 190 (Silver Rate as on 10th December 2025) = 380 Rupees. - The actual cost of the ring would be:- 380 (Actual Value of the ring)+190 (wastage) + 600 (making charge) = 1,170/-
-
Here is a chart depicting an approx. proportions of cost incurred in the process of making a silver jewelry.
- Please note: The making charges and the wastage on a silver jewelry depends on factors like, complexity of the design, time it takes to create it and the number of karigars who work on the jewelry.
Now if we say, we will buy the ring back at 100% of the silver value, it is only 380 Rupees.
So we tell our customers, we will buy back the ring at 50% of the bill value, i.e. 585 rupees.
Now you can see the difference here, it's all Word-Play! 😊
Other stores sell by saying Buyback at 100% Silver Value. But at SAANCHI'S, we Buyback at 50% of the BILL Value anytime.