Wholesale
Diamonds
Consumers
that have done their
research will discover
that there is such a thing
as wholesale diamonds, and
those diamonds can most
likely be found sold over
the internet.
This is possible because
the online jewelers and
vendors can sell their
diamonds over the internet
avoiding the overhead
costs in operation,
salesperson salaries and
jewelry boutique rental
fees, let’s not forget
the security, and
insurance incase of theft
or burglary.
However that’s not the
real reason you would be
saving more money buying
from online jewelers. Most
online jewelers are part
of the rap net and other
diamond distribution
channels that share
inventories from a number
of diamond suppliers.
These inventories can be
shared between numerous
jewelers and vendors. The
jewelers then mark up
their price per diamond
anywhere between 5% and
20% of the set price.
These diamonds can then be
compared between vendors
and the consumer can make
a request for a diamond
which fits their budget
and/or specifications.
For the suppliers it makes
no difference which vendor
sells the stone, their
cost is taken care of once
the consumer buys the
diamond from the jeweler.
The beauty of this system
is that unlike the Jewelry
Store that has to come up
with 50k - $5 million to
buy their stock. Once the
jewelry has been designed,
diamonds are facetted into
the ring, and the jewelry
is then displayed, the
jeweler has to hope he
sells them. If he does not
sell his entire inventory,
he may not be able to
afford to buy more stock
later on, which can cause
stress on the jeweler now
stuck with jewelry out of
style, no longer in trend.
The online jeweler on the
other hand has no worries,
for his cost of operation
is lower, and he can
continue to provide the
public with wholesale
prices on loose diamonds
and other fine jewelry.
Best of all the
inventories are updated
periodically without any
debts, just a mutual
agreement between the
suppliers and the vendor.
