The reality of wholesale loose diamonds
Wholesale loose diamonds certainly seem like the way to go.
We all want to get the best possible deal no matter what we are buying.
When it comes to buying a diamond, you definitely want a very good deal because quite frankly, diamonds aren’t cheap.
Lets look at the diamond trading process or diamond pipeline in order to understand about wholesale diamonds.
De Beers the largest diamond mining and marketing company handles 65 to 70 percent of the worlds’ mined rough diamonds.
They have mines in South Africa, Namibia, Tanzania & Botswana.
The rough diamonds mined in the countries mentioned above are sorted, shipped off to London & sold to a select group of diamond manufacturers, known as sight holders.
These sight holders normally specialize in a particular diamond size or quality depending on their target market & cutting costs.
A particular sight holder may only purchase diamonds in the range of 0.05cts to 1ct sizes.
Once the diamonds are cut and polished, there is a long chain before they get to the diamond ring retailer.
Unless the merchant selling the loose wholesale diamonds buys them at the cutting centers in Belgium, Israel, India, U.S and Thailand, watch out.
If they dont have a huge chain of store where their volume buying entitles them to wholesale prices, don’t be misled.
Most retail merchants should by right be marketing their diamonds as ‘discounted’….where they lower their prices by 3-5%.
The term wholesale loose diamonds sounds inviting and….makes you the customer think you are getting a better deal than you really are.
Real wholesale prices would give you a saving of up to 30% of normal retail prices.
So how do you get wholesale prices?
The good news is that there are select companies which have made wholesale prices available to the public.
They bypass the whole diamond buying process by buying direct from source, cutting and selling themselves.
They even offer “Price Match” where they guarantee you the best possible price.
Want to learn more?