Review of Wholesale Diamond Prices

Buying diamonds in wholesale quantities can save you money, whether you are a jeweller, an investor, or just an individual buying an engagement ring. It is essential to know how wholesale diamond pricing works and what factors impact it, so you can purchase the diamond of your dreams. In this read, we summarize the main points regarding wholesale diamond prices.

1. What Is the Price of a Wholesale Diamond?

Wholesale diamond prices are the amount received by the seller per piece when the diamonds are dispatched in larger quantities to retailers, jewelers, and dealers for resale. These prices are notably lower than diamond’s retail prices, as the wholesaler sells directly to companies without any value addition cost.

Unlike retail or individual consumers, wholesalers buy diamonds at wholesale rates in bulk, thus they get better deals. Individual consumers can also access this pricing through reliable wholesalers and e-commerce sites which sell directly to customers.

2. Diamonds Price at Wholesale Level and Influencing Factors

Diamonds are expensive, so a number of factors need to be considered to set their price at a wholesale level like: The diamond’s 4C attributes {Cut, Color, Clarity, Carat Weight} Reflectingly, A diamond’s grade largely determines the cost. Premium diamonds with high grade cut, color, and clarity are more expensive.

Diamond Certification: Reputable institutions, such as the GIA and IGI, certify diamonds, resulting in higher prices due to their authentic quality verified by these institutions.

Supply and Demand: Prices depend on global consumption levels, economic circumstances, and the supply of diamonds, which includes mined diamonds and other gems.

Diamond Shape: Due to demand and cutting losses, round-shaped diamonds are more expensive than fancy shaped diamonds such as oval, pear, or emerald.

Natural vs. Lab Grown Diamonds: For most customers, lab-grown diamonds offer a significant price advantage, making them more affordable then natural diamonds.

3. Strategies for Obtaining the Lowest Prices on Diamonds Sold at Wholesales

If you would like to purchase diamonds at wholesale prices, these tips may be useful for you:

Choose Well Known Wholesalers: Select a wholesaler who enjoys good reputation across the industry with dozens of positive testimonials from previous clients.

Look Out For Online Diamond Platforms: You can gain access to wholesale prices on many online platforms without using a middleman, which is a bonus as it saves you money.

Get Different Quotes: Prior to purchasing, evaluate the wholesale diamond prices using the Rapaport Price List or any other diamond pricing index.

Lower the Grades On The 4Cs: Higher quality diamonds can be bought at a lower price by opting for lower color or clarity grades.

Purchase In Bulk: Whether you're an investor or a jeweler, making bulk purchases can be more cost-effective. 

Wholesale vs Retail Diamond Price

Costs associated with purchasing diamond jewelry from a retailer is often higher by at least 30-50% when compared to purchasing it directly from the wholesaler. The retailer's overhead as well as their branding and distorted markups are the main reasons behind these inflated prices. On the otherhand, purchasing at a wholesale level eliminates such expenses, which further increases the value for the customer's money. 

Conclusion

Making sense of the wholesale prices is integral to making any purchase for a diamond. Wholesalers capture individual buyers and business owners who do not want to compromise on quality but still get value for their money. Ensuring that one is aware of the right reputable wholesalers, mark up comparisons and understanding the different elements which govern cost can enable buyers to make the best offers.