Appointment-Only engagement ring and repair studio

Engaged couples, people marking anniversaries, and customers with broken, sentimental or inherited jewellery.

Margin on rings and custom pieces, plus repair, resizing and cleaning fees, often with a deposit taken before custom work begins.

• Patient, trustworthy one-to-one selling
• Knowing diamonds, metals and ring styles
• Clear quoting and order tracking

• Running from home may need a home-based business licence, so check with your municipality and your landlord or condo rules
• Valuable stock and customer pieces need proper insurance and secure storage
• Dealers in precious metals and stones may have reporting duties to FINTRAC, so check whether they apply to you
• Describe diamonds and metals accurately, and check federal marking and advertising rules
• Custom orders need clear written quotes, deposits and timelines to avoid disputes

Startup costs are typically estimated at around $8,000 to $35,000 CAD, depending on whether you work from home or rent a small office unit, plus your samples, catalogues, secure storage and insurance.

Monthly revenue is typically estimated at around $3,000 to $15,000 CAD, depending on how many couples and repair customers you see and the pieces you sell. You can start from around 15 hours a week.

Running from home may need a home-based business licence, so check with your municipality and your landlord or condo rules. Also check whether FINTRAC reporting duties apply, and the federal marking and advertising rules for diamonds and metals.