Last Updated on 1 month by The Mintly Team
One of the convincing factors of a successful career is a good jewelry salary. In the profession of jewelry design, it is not possible to give the exact figure of the jewelry salary. And there are many factors to be considered while checking for a jewelry salary. Curious about the earning potential of jewelry professionals in India? In this blog, we explore the average salaries in the industry, taking into account factors like experience, location, and job role. Discover the lucrative opportunities and gain insights into the financial rewards of pursuing a career in the Indian jewelry sector.
Scope for Jewelry Professionals and Salary
It is vital to know about the scope of the profession of jewelry design while willing to take up a career as a jewelry designer. There was a time, only a few very highly skilled artisans were eligible for the profession of jewelry designer. But today, with the change in the times the scopes have increased due to the demand for jewelry in the market.
A person working as a Jeweller’s salary in India is around 23,800 INR per month. Jewelry salary range from 12,100 INR (lowest) to 36,600 INR (highest). This is the average monthly jewelry salary including housing, transport, and other benefits. Jeweler salary vary drastically based on experience, skills, gender, or location.
Range of Salaries
Jewelry professionals in India can earn anywhere between INR 2,00,000 to INR 10,00,000 per annum. The salary range can differ based on the position held, whether it is a sales role or a design-related role, and the size and reputation of the organization.
The range of salaries for jewelry professionals in India varies depending on several factors such as experience, skill level, job position, and location. Entry-level positions in the jewelry industry, such as sales associates or junior designers, can expect to earn an average salary of around INR 2-4 lakhs per annum. However, this can vary based on the company and location.
As professionals gain more experience and expertise, their salaries tend to increase. Mid-level positions like jewelry designers, gemologists, or production managers can earn salaries ranging from INR 5-10 lakhs per annum. Senior-level positions, such as head designers, creative directors, or senior gemologists, can command higher salaries. These professionals can earn anywhere between INR 10-25 lakhs per annum or even more, depending on their skills, reputation, and the company they work for.
It’s important to note that salaries in the jewelry industry can also be influenced by the type of jewelry being produced. For example, professionals working with high-end luxury brands or dealing with precious gemstones and diamonds may earn higher salaries compared to those working with costume or fashion jewelry.
Additionally, the location of the job also plays a significant role in determining salaries. Metropolitan cities like Mumbai, Delhi, or Jaipur, which are known hubs for the jewelry industry in India, may offer higher salary packages compared to smaller towns or cities.
Overall, the range of salaries for jewelry professionals in India can vary significantly depending on various factors, but there are ample opportunities for growth and career advancement in this industry.
Percentiles of Jewelry Salary
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Jeweler(s) are earning less than 15,900 INR while 75% of them are earning more than 15,900 INR. Also from the diagram, 75% of Jeweler(s) are earning less than 29,300 INR while 25% are earning more than 29,300 INR.
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Jeweler salaries by experience level and this is what we found.
A Jeweler with less than two years of experience makes approximately 13,600 INR per month.
While someone with an experience level of between two and five years is expected to earn 17,700 INR per month, 31% more than someone with less than the experience of 2 years.
Moving forward, an experience level between five and ten years lands the jewelry salary of 24,800 INR per month, 40% more than someone with 2-5 years of experience.
Additionally, Jeweler(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 29,800 INR per month, 20% more than someone with 5-10 years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 32,400 INR per month, 9% more than someone with 10-15 years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 35,000 INR per month, 8% more than people with 15-20 years of experience.
Jewelers’ average salary changes by experience in India
|0 – 2 Years||13,600 INR|
|2 – 5 Years||+31%||17,700 INR|
|5 – 10 Years||+40%||24,800 INR|
|10 – 15 Years||+20%||29,800 INR|
|15 – 20 Years||+9%||32,400 INR|
|20+ Years||+8%||35,000 INR|
Percentage increases and decreases are relative to the previous value.
We all know that higher education equals a bigger jewelry salary, but how much more money can a degree add to your income? We broke down Jeweler salaries by education level to make a comparison.
When the education level is High School, the average jewelry salary of a Jeweler is 16,000 INR per month.
While someone with a Certificate or Diploma gets a jewelry salary of 28,300 INR per month, 76% more than someone having a High School degree.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Jeweler employees in India earn 15% less than their female counterparts on average.
Average Annual Jewelry Salary Increment Percentage in India
Jeweler(s) in India is likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Jewelry salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining the Annual Increment Rate by Industry 2021.
Listed above are the average annual increase rates for each industry in India for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the jewelry salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Jewelry salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs).
The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Self-employment in the jewelry industry offers a unique opportunity for individuals to showcase their creativity and craftsmanship while enjoying the benefits of being their own boss. When it comes to determining a salary in this field, several factors come into play.
First and foremost, the skill and expertise of the jeweler greatly impact their earning potential. Experienced and highly skilled jewelers who can create intricate and high-quality pieces are more likely to command higher prices for their work.
The type of jewelry you produce also plays a role in determining the salary. Custom-made or one-of-a-kind pieces tend to have higher price tags compared to mass-produced items. Additionally, the materials used, such as precious metals and gemstones, can significantly affect the overall value and, consequently, the salary a jeweler can earn.
Establishing a reputation and a strong customer base is crucial for self-employed jewelers. Building a brand and marketing their work effectively can help attract more clients and increase sales, ultimately leading to higher income.
It’s important to note that the salary of a self-employed jeweler can vary significantly depending on factors such as location, market demand, competition, and overhead costs. It’s essential for jewelers to carefully manage their expenses and pricing strategy to ensure profitability.
Specialization in Jewelry Industry
Specialization for jewelry professionals is a crucial aspect of the industry that offers numerous benefits and opportunities for growth. By focusing on a specific area within the field, such as gemology, design, or appraisal, professionals can develop deep expertise and stand out in a competitive market.
One major benefit of specialization is the ability to provide specialized services to clients. For example, a gemologist can offer expert advice on gemstone quality and value, while a jewelry designer can create unique and personalized pieces. This specialization allows professionals to cater to specific customer needs, enhancing customer satisfaction and loyalty.
Furthermore, specialization opens up doors for career advancement. By becoming an expert in a particular aspect of jewelry, professionals can access higher-paying job opportunities and positions of leadership within the industry. They can also establish themselves as authorities in their chosen field, which can lead to speaking engagements, collaborations, and partnerships.
Specialization also enables continuous learning and growth. Jewelry professionals can stay updated with the latest trends, technologies, and techniques within their specialized area, ensuring that they provide the best possible services to their clients. This ongoing education and development not only enhances their skills but also keeps them engaged and passionate about their work.
Jewelry professionals in India can earn varying salaries depending on factors such as experience, skill level, and location. On average, their earnings range from INR 2,00,000 to INR 10,00,000 per year. However, it’s important to note that these figures can vary significantly based on individual circumstances and market conditions.