Cost Per Wear of Jewellery - How you can reduce yours?
When investing in jewellery, particularly pieces featuring diamonds, it's crucial to consider the concept of "cost per wear." This metric helps buyers assess the value and practicality of their purchase over time. In this blog post, we'll explore what cost per wear means, how to calculate it, and why choosing lab-grown diamonds can significantly reduce this cost, making luxury jewellery more accessible and sustainable. What is Cost Per Wear? Cost per wear (CPW) is a useful concept for understanding the real value of a piece of clothing or jewelry. It's calculated by dividing the total cost of the item by the number of times you expect to wear it. The formula is simple: Cost Per Wear (CPW) = Total Cost of the Item / Number of Wears For example, if you purchase a diamond ring for $2,000 and plan to wear it 200 times over its lifetime, the CPW would be $10 per wear. Why Cost Per Wear Matters Understanding CPW helps consumers make more informed purchasing decisions by...