How We Built a Multi-Currency Store for a Jewellery Brand
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Case Studies5 min read27 November 2024

How We Built a Multi-Currency Store for a Jewellery Brand

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Sarah Patel

CRO Specialist

A UK jewellery brand was losing international sales due to GBP-only pricing. Our multi-currency Shopify build improved international conversion by 44% within 90 days.

Over 35% of this jewellery brand's website traffic came from outside the UK, predominantly the US, EU, and Australia. Yet international conversion was just 0.3% against a UK rate of 1.9%. Exit surveys pointed to a clear reason: customers didn't want to buy in GBP and deal with unknown conversion charges on their card statement. The fix was obvious — the implementation required care.

The Currency Strategy

We enabled Shopify Payments' multi-currency feature and configured it to auto-detect the customer's location and display prices in their local currency. For the US, EU, and Australia — the three highest-traffic international markets — we set fixed prices rather than relying on automatic FX conversion. This gave the brand control over price points and avoided awkward prices like $47.83 showing in place of a clean $48.

Implementation Details

  • Configured Shopify Markets for UK, US, EU (EUR), and Australia.
  • Set fixed manual prices for USD, EUR, and AUD for all 380 products.
  • Built a custom currency selector in the header with flag icons and currency codes.
  • Configured checkout to settle in the customer's local currency where supported.
  • Added localised trust signals — US customers see '🇺🇸 Free returns for US orders'.
  • Configured geo-redirect to auto-switch market on first visit.

The Jewellery-Specific Challenges

Jewellery pricing often carries psychological price points — a ring priced at £295 in the UK should be $375 in the US, not a calculated $378.43. We worked through every product in the catalogue to set pricing that maintained brand positioning in each market while remaining commercially sound against the FX rate. This took a full week of careful work but had a significant impact on perceived value.

Key insightPsychological pricing matters in jewellery. A customer considering a $375 ring is in a different headspace to one staring at $378.43 — even if the difference is trivial.

Results After 90 Days

  • International conversion rate improved from 0.3% to 0.43% — a 44% uplift.
  • US revenue grew 210% in the first quarter post-launch.
  • EU revenue grew from negligible to £18,000 per month.
  • Cart abandonment on international sessions reduced by 27%.
  • Overall revenue grew 34% despite no increase in advertising spend.
S

Sarah Patel

CRO Specialist, Flex Commerce