31Aug

(Financial coach) Wholesale Diamond Jewelry

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By Dennis Lambert

  There may come a time in your jewelry making career when you need to select diamonds for a special piece you are working on. Buying diamonds is much like buying any other gem - you find one that is the right size or shape for the piece you are making and you purchase it. WRONG. Much more thought and consideration must go into purchasing a diamond. After all - Diamonds are forever, and you want your jewelry wholesale to last forever too.

There are four C’s when it comes to buying a diamond: cut, clarity, color, and carat weight. All of these must be considered because you want the diamond used in your jewelry wholesale to be as beautiful as possible. Remember that the diamond should not overpower the entire piece, but it should be the main attraction and compliment the rest of the piece as well.

The cut of the diamond does not refer to the shape of it. It refers to the way that it was cut - the quality of the cut. The shine and fluorescence of the diamond is determined by how it was cut. The shape of the diamond is only a second factor - or an after thought - in terms of the quality of the cut.

The clarity of a diamond does not refer to how clear it is. Instead, it refers to how perfect or flawless - or imperfect - a diamond is. There are internal imperfections and external imperfections. A diamond that has no imperfections is flawless - and expensive.

Diamonds come in many colors. The most common are white and yellow. Other colors are available, but they are rare and expensive. The only color you should never consider is a ‘blue white’ diamond. A jeweler may try to tell you that this is a rare quality diamond, but it is in fact an inferior diamond, and you have no use for it.

The carat weight of the diamond will be important to your customer. Large diamonds should come with a certificate. You should request this from the company that you are purchasing the diamond from. If they refuse to give you a certificate from a reputable grading company such as GIA, walk away.

The chances are good that you will put more work and thought into purchasing diamonds for your jewelry wholesale than in any other gem or stone. Diamonds are by far the most popular gemstones in the world - and with good reason. Not only are they the most beautiful stones, but they are also the most durable stones on the face of the earth - or under the earth for that matter!

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How Diamonds are Priced

By Dennis Lambert

  Pricing most products is quite easy. Determine how much it costs to make the item, how much it costs to market that item, and then mark it up by 15 - 30% or more. Simple, right? Well, pricing diamonds isn’t quite that simple. There are many factors that are considered when diamonds are priced.

Diamond prices are determined first by adding the cost of the rough diamond, the cost of cutting the diamond, and all other costs necessary to turn the rough diamond into a marketable diamond. Depending on the importance of the diamond, an independent company may be called in to certify the grade of the diamond based on color, cut, clarity, and weight.

At this point, the diamond becomes more expensive each time it changes hands, until it finally reaches a retailer, where the price is raised a bit more. Before reaching the retailer, however, the diamond must travel from the mine, to the cutter and polisher, to the independent grading company, and then to the Primary market. Once it has reached the primary market, it will be purchased by diamond dealers and wholesalers, and from there it will be sold to retailers.

As you can see, the earlier you can purchase a diamond in the process, the lower the cost of the diamond will be - but not the value. The value is based on what the diamond will sell for in the market place - through a retailer.

If you own a diamond, and you have no idea how much it is worth, you can have it appraised, but the appraisal may not be accurate. You will be better off obtaining a certificate through GIA - Gemological Institute of America. With the information on this certificate, you can use a cutter’s guide to accurately determine what your diamond is worth.

There are also many diamond price calculators available. These can be found on the Internet, and many diamond dealers use these as well. You must realize, however, that before you can accurately price a diamond, without a Diamond Grade Report, you need to know quite a bit about diamonds, such as different cuts, clarity, color, and weight - and how each of those aspects adds to the value of a diamond, or decreases the value of the diamond as the case may be.

Again, you will be better off if you get a Diamond Grading Report on the diamond, and use that information to look up the price in one of the guides that the diamond cutting industry uses. This will give you the most accurate value of the diamond in your possession, or of the diamond you are considering purchasing.

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Monday, August 31st, 2009 at 5:45 pm and is filed under finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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