Wholesale Diamonds – Diamonds Wholesale Prices

In the diamond industry, wholesale doesn’t refer to buying in bulk, it simply means buying at a relatively lesser price than one would otherwise for retail because no one buys 100 diamonds at once. All loose diamond wholesalers have access to Rapaport diamond average pricing report

What is the Difference between Wholesale and Retail Diamonds?

To understand the difference between wholesale diamonds and retail diamonds, you need to know what is a wholesaler and a retailer.

Wholesaler of Gemstones

A wholesaler is a person or a business that sells goods in large quantities directly from manufacturers or distributors and resells them to other businesses. Due to high volume purchase orders those in wholesale are typically able to buy products at a lower price and add lower margins.

Retail Jewellers

A retailer is a person or a business that sells goods to the public in relatively small quantities for use or consumption rather than for resale and therefore when they need to sell the margin will be high.

One of the main considerations when buying a loose diamond is the cost, as we always focus on buying a good quality diamond at a reasonable price as possible. One of the advantages of buying diamonds from a Wholesaler Company is the cost which is way cheaper than buying diamonds from jewelry stores.

In the diamond industry, wholesale doesn’t refer to buying in bulk, it simply means buying at a relatively lesser price than one would otherwise for retail because no one buys 100 diamonds at once. All loose diamond wholesalers have access to Rapaport diamond average pricing report. It is an industry-standard pricing guide set up in a matrix and includes the prices for different shapes, colors, clarity, carat, and certificates. Good wholesalers can sell loose diamonds based on the price listed on Rapaport Price Sheet. In negotiating, the wholesaler might even offer a discount on the Rapaport Diamond Price calculator.

It is important to know if you want a certified or uncertified diamond. Because this can affect the price of the diamond. Usually, a certified stone is more expensive than an uncertified stone. Uncertified diamonds have been cut and polished but for some reason, the seller prefers not to have the diamond quality graded by a diamond laboratory.

When you buy directly from Evan Roberts Diamonds, you can purchase a beautiful, high-quality diamond at a very competitive price. Also, they usually have a wide selection of diamonds that they can offer to you. The price of buying good quality loose diamonds from a wholesaler company allows you to save more money in your diamond purchase as there is no middleman and other costs that a store may add on top of the price of the diamond. This is why some people purchase loose diamonds from a wholesaler company for a very cheap price and later decide to upgrade to or trade-in for a bigger diamond. Even though buying loose diamonds from a wholesaler company is more practical, it is important to pay attention to the actual price you are charged if it was priced wholesale.

Most retailers in order to cover the cost involved in running their store and to make big profits, tend to increase the price of the loose diamonds considerably. People should understand that retailers are considered the middleman. They are buying diamonds from wholesalers and add up to 10-30 percent of the real cost then sell to customers for double the price plus the sales tax. They include the profit margin in the cost of the loose diamond which makes it more expensive when they sell the diamond.

Caution when purchasing online that the diamond does not have major flaws like being chipped, hazy, filled with inclusions, or fracture-filled. It is not only about price, you have to consider the quality of a diamond and make sure that you are getting a GIA-certified diamond.