There are several important things to consider when pricing your wearable art pieces.
Materials :Wire, Cabochons, Beads, Findings, Labor
Wire: The cost of Gold and Silver per Troy ounce fluctuate. Prices can change drastically overnight. I prefer to work with natural raw Copper as it tends to be more stable in pricing. With fewer and lower price hikes, I can craft high quality pieces at a more affordable price point. Wire comes in many different sizes. The standard in North America is known as American Wire Gauge (AWG), The term gauge refers to the thickness of the wire. The larger the gauge number the thicker the wire.
Cabochons: Is a gemstone that has been shaped and polished instead of faceted. They typically are flat on one side and domed on the other. They have no holes and are wrapped or set. They come in many different shapes and sizes. They are usually sold by weight and size. Price per CT depends on the stone itself. Is it an abundant easy to find stone? Or is it rare and hard to come by? Many of my cabs are 40x30 in size. That does not mean that they will all have the same material pricing. I may have 3 Jade cabs all size 40x30, but it is very likely they do not weigh the same due to varied thickness on the cabochon.
Bead: A bead is a decorative piece that comes in many different shapes and sizes and in a variety of materials such as stone, glass, plastic, wood, shell, and pearl. Beads have holes for stringing.
Findings: Is an old world term for all the small components needed to complete your jewelry piece. Findings refers to things such as jump rings, split rings, crimps, headpins, eye pins, clasps, hooks, bead caps, and ear wires.
Labor: The time it takes to make your piece. It is the hands-on time it takes to create your piece from start to finish. It may also include the design time, the time it takes to photograph, display, and package. I tend to only include the actual time it takes me to make a piece. It is all subjective, as well as how you choose to pay yourself whether it is by the hour or a set rate per piece.