Price of silver jewelry in Mexico
How much does everyone pay when buying silver jewelry while on holiday in Mexico? puerto vallarta, Cancun, riviera maya.
I understand that it is sold by the gram.
The current spot price of silver is 10 pesos per gram.
Skilled Mexican silver smiths get paid $800 CAD per month ($4.50cad or 65 Pesos per hour based on a 48 hour work week). It takes a few hours to make a ring or bracelet. Obviously more intricate items take longer. On this basis I think adding 50% to the spot price will be a generous value of the item.
This means 15 Pesos per gram is about how much items should cost. Anything above this number is going to the middle man/seller.
So those are the facts. The reality of the price on the street and stores/beaches is likely to be higher. Would love to hear some real purchase prices (and dates to account for spot price as required).
I understand that it is sold by the gram.
The current spot price of silver is 10 pesos per gram.
Skilled Mexican silver smiths get paid $800 CAD per month ($4.50cad or 65 Pesos per hour based on a 48 hour work week). It takes a few hours to make a ring or bracelet. Obviously more intricate items take longer. On this basis I think adding 50% to the spot price will be a generous value of the item.
This means 15 Pesos per gram is about how much items should cost. Anything above this number is going to the middle man/seller.
So those are the facts. The reality of the price on the street and stores/beaches is likely to be higher. Would love to hear some real purchase prices (and dates to account for spot price as required).