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Wholesale Diamond

Wholesale Diamonds
Executive Summary about Wholesale Diamond by Seth Miller

wholesale diamonds

The wholesale transaction is always with a party that resells the item not using the same themselves.

The advent and popularity of the Internet has shortened this supply chain and consequently there are wholesale dealers selling their items directly to customers. Some of the sources of wholesale diamonds are e-bay, Yahoo and Amazon.

Wholesale diamond dealers provide diamonds to the customers at competitive prices, difficult to access at the local retail outlets. People can take advantage of the number of dealers and can invest in the direct purchase of diamonds.

One of the obstacles in selling wholesale diamonds is the serious misgiving people have about the quality. It is imperative to gather sufficient information before purchasing wholesale diamonds.

It is important to ensure that the dealer is certified. The Gemological Institute of America and the G.I.A or the American Gem Society, A.G.S, conduct quality checks that certify the carat and quality all diamonds.

Wholesale Diamonds – How to Buy Diamonds, Advice From an Insider
Executive Summary about Wholesale Diamond by Bud Boland

Is it possible for you to buy at wholesale prices?, maybe. Understanding the diamond distribution system will help you understand where and how you will buy your next diamond.

The diamonds come out of the diamond mine (the source) and then make their way to the diamond cutters, this is the manufacturer level. The last stop has the diamonds showing up in the showcases of your local diamond jewelry store, and this is the retail level. Most people are used to seeing and buying diamonds at a local retail diamond jewelry store, actually 95% of all diamond jewelry is sold at retail diamond jewelry stores.

If a diamond wholesaler regularly opened their doors to the retail public, then they would soon find that the retail diamond jewelry stores that they have been doing business with for years would not be happy and these retail diamond jewelry stores will no longer want to do business with that diamond wholesaler because now that diamond wholesaler is in competition with them.

Back in the old days there used to be such types of markups on loose diamonds and diamond jewelry, but those days are long since gone! There have been a lot of changes in the way loose diamonds and diamond jewelry is bought and sold since that time and along with those changes in the distribution system a reduction of the retail diamond jewelry store’s markups has resulted.

The universally accepted GIA diamond grading system has had the effect of “commoditizing” diamonds. Diamonds are a bit different because you cannot get the diamonds to be consistently identical. SI1 G Round Brilliant Cut diamond you will find a group of diamonds that will sell for between $900 to about $1300.

If you went to a local retail diamond jewelry store you might be able to see a selection of diamonds and your eyes will help you make the decision as to which diamond is best. The local retail diamond jewelry stores do provide valuable services for most people.

Please also check out my other guide on Diamond Necklaces