April 18, 2021

50signs

The Fashion Spirit

Buying Diamond Online at Wholesale Prices

3 min read

Diamonds are so precious that you can easily buy one for a thousand dollars if you so choose. There is just no substitute for a large enough, a flawless diamond in a ring. The feeling of having the one you love is indescribable. Everyone knows that diamonds are a girl’s best friend. But what about a ring that has a small amount of white inside?

Diamond wholesalers purchase diamonds from manufacturers and then resalable them at wholesale prices to the retail price. A wholesale diamond dealer has access to the latest pricing information known as the Diamond Report, which shows the wholesale prices of yellow, white, and rose-colored diamonds per carat.

Diamond wholesalers

Diamond wholesalers make their money by passing the savings they get on to their customers in the form of lower prices. Retailers mark up diamonds to make a profit, but wholesalers do not do this. So why do retailers mark up diamonds? They need the money to cover the cost of inventory, truck, and supplies, and advertising. A tiny margin is left over for the jeweler to put towards appraisal, engraving, countermanding, and any other extras.

You will be amazed at some of the incredible prices you will find this way, you can also find the best deal wholesale loose diamonds for sale online. Diamonds wholesale can often be found in retail prices up to 80% less than wholesale. Many retailers purchase wholesale because it allows them to buy more diamonds to sell in their stores at a profit and because it is more cost-effective for them.

The first thing you should look for when purchasing diamonds online from a wholesaler is a certificate of authenticity. Diamond wholesalers usually offer this for obvious reasons. If the wholesale diamond dealer you are dealing with does not provide this authenticity certificate, move on, and find another retailer. There is nothing more telling of a fraudulent diamond supplier than the fact that they would rather sell you a synthetic diamond rather than one that has been certified.

Markups on Diamond Piece

Another thing to look for when buying online is the markups on their diamond pieces. It would be best if you always asked questions about these markups. Many wholesalers offer up to fifty-percent discounts for their loose diamonds. Diamonds are priced based on demand, so it stands to reason that if there is a high demand for a particular diamond in the market, then the wholesale price will usually be higher. It is also common for some wholesalers to offer two or three months’ supply for far less than the official retail price. Unscrupulous diamond suppliers use these maneuvers to make an even bigger profit and drive up the price even further.

Reputable Diamond Wholesalers And Retailers

It is wise to invest some time looking for reputable diamond wholesalers and retailers. While this task is not impossible, it can be time-consuming. Most people want to purchase diamonds online in a hurry because it is such a special occasion. For this reason, it is essential to educate yourself about diamonds before purchasing and to research reputable diamond jewelers in your area. This information should help you buy your dream diamond online at a wholesale price that will be admired by your friends and be financially beneficial to you.

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