Al Shabib Jewellery is an established gold jewellery retailer operating in Bahrain’s traditional Manama Souq. The business specializes in retail gold jewellery and custom design orders, functioning in a highly dynamic market where gold rates fluctuate daily and pricing often involves real-time negotiation.
Operating with a small retail team and a walk-in customer-driven model, the company required a system capable of adapting instantly to daily gold price changes – without compromising accounting accuracy.
The objective was clear :
Implement a smart ERP system that provides complete pricing control while maintaining transparency, automation and financial clarity.
Gold rates fluctuate every day. Selling at outdated rates creates immediate financial risk. The client required a mechanism to ensure pricing reflected the current day’s gold value at the time of invoicing.
Jewellery sales frequently involve customer bargaining. Manual adjustments to line items and making charges introduced inconsistency and risk in final pricing calculations.
Making charges were not dynamically recalculated when pricing changed. This created potential margin distortion and operational inefficiency.
Without structured journal splitting between gold value and making charges, accounting entries lacked clarity. This limited accurate margin tracking and reporting.
Jewellery inventory is not measured purely by quantity. It requires structured tracking of :
Standard stock reports did not fully reflect these parameters.
The implementation was built on Odoo 18, powered by Pragmatic’s Jewellery Management module and enhanced with custom pricing and accounting logic tailored to gold-rate-sensitive retail operations.
The project followed a structured one-week delivery approach covering requirement discovery, configuration, development, testing and live validation.
Designed specifically for gold retailers, core capabilities included :
This provided a structured base for handling purity, weight and value-sensitive pricing inside Odoo.
To support negotiation-driven sales :
Sales flexibility was enabled without breaking system integrity.
Making charges were configured to :
This ensured transparency and consistent margin handling.
At invoice confirmation :
This protected margins in a volatile gold-rate environment.
Custom journal splitting was introduced :
This enabled margin clarity, structured reporting and audit-ready financial records.
Stock reporting was enhanced to include :
Jewellery inventory became fully measurable beyond simple quantity tracking.
Following implementation, Al Shabib Jewellery transitioned from manual and risk-prone pricing operations to a structured, automated ERP-driven workflow.
The transformation was completed in just one week.
Jewellery retail operates in a gold-rate-sensitive environment where pricing accuracy directly impacts margins.
This implementation demonstrates that Odoo 18 can be precisely adapted for industries dependent on daily price volatility, negotiation-driven sales and weight-based inventory valuation.
By combining real-time gold rate logic, controlled pricing flexibility, structured accounting splits and enhanced inventory reporting, Al Shabib Jewellery gained complete operational control without increasing system complexity.
For jewellery retailers operating in dynamic gold markets, structured ERP customization can deliver accuracy, transparency and margin protection-while preserving the agility required for daily sales negotiation.
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