The game of wholesale diamonds can seem pretty confusing at first, and even a little off putting. But since it’s kind of a game of patience, there are plenty of people who are doing very well by taking advantage of this industry since they’ve taken the time to understand it.
So, to get you started, let’s start easy. The business of wholesale diamond buying is a case of cutting out the middle man and purchasing from someone who usually supplies to outlets, typically for the purpose of reselling them.
Sounds easy, doesn’t it? Here’s some advice for you to start buying like a professional.
BUY DIAMONDS IN GOOD QUANTITIES
The whole point of wholesale is not to go out and find any specific, single item. Loose diamonds at wholesale prices are certainly not impossible to find, but it’s not the easiest task. Here’s a great tip: buying diamonds in bundles can help lower the price per unit greatly. It’s actually one of the most basic business laws and there’s really no reason for it not to apply here. Wholesale in just about any industry means taking advantage of bulk buying, but if you’re not ready to take the risk and spend much, then consider buying lesser quality stones that won’t be as tough on the budget.
BUY DIAMONDS FROM THE RIGHT PLACE
Here’s another important tip: scout a couple of deals and try to keep your searches local. Adding the costs of transport to your list of worries is unnecessary.
The rule of thumb is not to look too far. Remember to find out as much as possible about the dealers you’re interested in buying from by looking at their website, reviewing blogs, and talking to the people who manage the outlet. Don’t be scared to ask any questions you need to get a full understanding instead of pretending you know how things work. If you think you’re going to be a repeat buyer of diamonds, it’s essential that you find the right dealer. So take your time getting to know them and stick with the ones you get to know and trust. You don’t need to stick to one dealer, either, you may prefer to do business with a couple.
IT’S NOT TRUE THAT YOU HAVE TO BUY DIAMONDS AT “THE RIGHT TIME”
Unlike gold and silver, diamonds don’t tend to fluctuate in price at universal rates that can be predicted and measured against international markets. Usually the price of the diamonds is left up to the seller’s discretion, based on the diamond’s mass, cut, and quality. A great way to get an idea of what you will pay is to review leading providers in the industry like diamondqueensland.com.au on the matter.
BUY DIAMONDS TO SELL THEM
If you’re going to be buying diamonds wholesale, then it’s great to stay focused on your goals when it comes to your reasons for buying the stones. It’s not really the time to be wondering about buying up all the oval 0.46 carat diamond rings that you can get your hands on, it’s a lot more about buying with the intention of selling the diamonds again. This means you need to take your feelings out of the equation and let the buyer work out whether the stones are pleasing or not. You just need to stay focused on getting the best price and resale value possible.
Take the time to think about your endeavours. Purchasing wholesale diamonds really isn’t too complicated, when you think about. If you start buying with a bit of patience, caution, and thought, you are most probably going to get a good deal wherever you try. So go on, start getting into it.
[ This article has been contributed by Mediabuzzer ]
|via hisham alqawsi on flickr|