Odoo ERP for Jewellery Businesses in Hyderabad – Gold, Diamond, and Silver Jewellers

Hyderabad has one of the largest jewellery markets in India. From the famous Laad Bazaar in the old city to modern jewellery showrooms in Banjara Hills and Jubilee Hills — gold, diamond, silver, and artificial jewellery businesses are a big part of Hyderabad's economy.

But jewellery is one of the most complex retail and manufacturing businesses to manage:

• Gold prices change every day

• Every piece has a different weight

• Making charges and wastage need to be tracked

• Customers give old gold in exchange

• GST on jewellery is specific and strict

• Karigar (craftsman) management is complicated

• Stock audits are critical but time-consuming

This page explains how Odoo ERP helps jewellery businesses in Hyderabad.

Problems Jewellery Shop Owners in Hyderabad Tell Us

"Our stock audit takes 3 days and is never fully accurate" Hundreds or thousands of pieces. Each with a different weight. Physical counting is slow and manual reconciliation is painful.

"Old gold exchange is always a source of confusion" Customer brings old gold. Your goldsmith assays it. You give exchange value. But how is this tracked? Most shops do it in a notebook or Excel — and mistakes cost money.

"Making charges are not tracked properly per karigar" You give gold to your karigar to make jewellery. You get back finished pieces. But you don't know exactly how much gold went, how much came back, and what is the gold loss (wastage). Karigars sometimes dispute this.

"GST on jewellery billing is complicated" 3% GST on gold value. 5% on making charges. Old gold exchange deducted from bill. TCS on high-value transactions. Getting this right on every invoice is stressful.

"We can't tell customers when their order will be ready" Customer places an order for a custom piece. Your karigar is making it. But you have no system to track where the order is in production.

"Our multiple branches don't share inventory information" Showroom in Banjara Hills has a ring the customer wants. But the customer is at your Himayat Nagar branch. Nobody knows.

How Odoo Helps Jewellery Businesses in Hyderabad

Jewellery-Specific Inventory

Every jewellery piece in Odoo is tracked with:

• Item code and description

• Metal type (gold, silver, platinum, artificial)

• Purity (22KT, 18KT, 925 silver, etc.)

• Gross weight, stone weight, net metal weight

• Making charges rate

• Location (which showroom or which showcase)

Stock audit is done digitally. Each piece scanned or counted in Odoo. Variance reports generated automatically.

Daily Gold Rate Management

Gold rate changes every morning. In Odoo:

• Update today's gold rate once

• All price calculations for the day use the current rate automatically

• Old quotes and orders clearly show the rate they were created at

No manual recalculation of prices every day.

Point of Sale for Jewellery Billing

When a customer buys jewellery in Odoo POS:

For gold jewellery:

• Select item

• System shows gold value (weight × today's rate) + making charges

• Customer can negotiate — discount applied

• Old gold exchange entered — assay weight and purity

• Old gold deducted from bill

• Final amount calculated

• GST applied correctly — 3% on gold + 5% on making charges

• Invoice generated with all details

For high-value purchases (above ₹2 lakhs for gold/silver) — PAN number collected and TCS applied automatically.

Karigar (Craftsman) Management

This is one of the most important features for jewellery manufacturers:

• Gold issued to karigar — weight recorded

• Finished pieces received from karigar — weight recorded

• Wastage (gold loss in making) calculated automatically

• Karigar payment based on making charges

• Outstanding gold with each karigar always visible

You always know how much gold is with which karigar. No disputes. No missing gold.

Custom Order Management

When a customer places an order for a custom piece:

• Order created in Odoo with design description and delivery date

• Gold issued to karigar for that order

• Progress tracked — design, casting, setting, polishing, finishing

• Customer notified when ready

• Invoice raised on delivery

Old Gold Exchange Management

Customer brings old gold:

• Weight recorded

• Purity assessed (KT or % purity)

• Exchange value calculated based on today's rate

• Deducted from purchase bill

• Old gold received into inventory

Full audit trail of every old gold exchange transaction.

Multi-Showroom Management

If you have showrooms in Banjara Hills, Himayat Nagar, and Secunderabad:

• Stock visible at all showrooms from one system

• Transfer jewellery from one showroom to another with tracking

• Sales and performance comparison by showroom

• Centralised inventory — know where every piece is

GST for Jewellery — Fully Configured

Jewellery GST is specific:

• 3% GST on gold, silver, platinum value

• 5% GST on making charges

• Old gold taken in exchange — handled correctly (reverse charge in some cases)

• TCS at 1% for cash purchase above ₹2 lakhs

• HUID (Hallmark Unique ID) tracking for BIS hallmarked jewellery

Odoo configured correctly handles all of this. Every invoice is GST-compliant automatically.

Odoo Modules for Jewellery Businesses

Module	What It Does
Inventory	Jewellery stock by piece, weight, purity
Point of Sale	Customer billing with gold rate, exchange
Manufacturing	Karigar management, gold issue and return
Purchase	Gold and stone procurement
Sales	Custom orders, wholesale billing
Accounting	GST, TCS, financial reports
HR & Payroll	Staff and karigar management

How Much Does Odoo Cost for a Jewellery Business in Hyderabad?

Business Type	Setup Cost	Monthly Cost
Single showroom (retail only)	₹3L – ₹7L	₹15,000–30,000
Showroom with manufacturing	₹6L – ₹14L	₹25,000–50,000
Multi-branch jewellery chain	₹12L – ₹30L	₹40,000–80,000

Note: Jewellery ERP needs customisation for some specific workflows — gold rate integration, karigar management, old gold exchange. These are included in the above estimates.

Why Slyko Technologies for Jewellery ERP in Hyderabad?

Hyderabad is a major jewellery market. We understand the specific requirements of jewellery businesses here — gold rate management, karigar tracking, old gold exchange, and GST on jewellery.

We have worked with jewellery businesses in Hyderabad and know what features matter most.

Talk to Varun — Co-Founder, Slyko Technologies:

• 📞 +91-9959888409

• ✉️ [email protected]

• 🌐 www.slyko.tech

Questions Jewellery Businesses Ask Us

"We have 5000+ pieces in stock. Can Odoo manage this?" Yes. Odoo handles large inventory very well. With barcode tags on each piece, stock audit becomes much faster.

"Can we integrate a weighing scale directly with Odoo for live weight capture?" Yes — with hardware integration. The weighing machine can be connected to Odoo so weight is captured automatically without manual entry.

"We sell artificial jewellery also. Does Odoo handle both gold and artificial together?" Yes. Artificial jewellery is tracked as regular inventory — no gold rate calculation. Gold jewellery uses rate-based pricing. Both can exist in the same Odoo system.

"We have karigars who work from home. Can we track their work remotely?" Yes. Gold issued to home-based karigars is tracked the same way — gold out, gold in, wastage calculated. The karigar doesn't need to use Odoo themselves.

"We are worried about gold theft. Can Odoo help with this?" Odoo creates a complete audit trail — every gold movement in and out is recorded. This makes it much harder to hide theft. Combined with regular physical counts, it significantly reduces gold loss.