Buying wholesale diamonds is easier than you might think. Also, many people are surprised to learn that wholesale diamonds doesn’t mean buying in bulk as a retailer. In fact, anyone who is looking to purchase a diamond online is capable of ordering a wholesale diamond. Additionally, buying wholesale diamonds can save a customer a lot of money when compared to retail prices. In today’s blog, we break down why buying wholesale diamonds online can save you money.
Traditional Diamond Retailers
When most people think of buying a diamond, they probably think of a mall jewelry store. These locations are conveniently located in nearly every shopping mall across the globe. While these retailers have a vast amount of inventory, this means these large corporations have a vast amount of overhead expenses. Brick and mortar locations require a lot of money as well as employees to staff the store. Although these large companies are purchasing bulk diamonds, the margins required to support these retailers requires a larger mark up on the diamonds themselves. In turn, these higher expenses are passed on to the customer. Their cost of an average one carat diamond engagement ring has all these additional expenses built in.
Wholesale Diamond Sellers
On the other hand, direct diamond importers offer the advantage of selling diamonds wholesale. These wholesale diamond sellers often manufacture their own diamond jewelry. While some jewelry manufacturers sell their products to retailers like the ones found in shopping malls, others prefer to sell directly to the customer. By eliminating the additional expenses of retail stores, the savings is then passed on to the customer. Additionally, these companies are able to sell the diamonds they import at wholesale prices. This means the customer pays less for a wholesale diamond.
Custom Diamond Searches
Another way customers can save money buying wholesale diamonds is through custom diamond searches. While a mall jewelry store may be able to take a family heirloom ring and turn into a new ring, the cost of sourcing a particular diamond through a traditional retailer is very expensive. However, direct manufacturers and diamond wholesalers are able to source an incredible amount of diamonds. Many offer custom diamond searches. This means a customer provides the exact specifications of the diamond they want, including cut, color, clarity, and carat size. The diamond will then be directly imported and sold at its wholesale price without adding any additional costs.
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