The difference between Wholesale and Retail Price of Loose Diamonds

• By Gem Dynasty
• September 18, 2014
• 1 Comment

Nowadays, consumers are looking for great deals such as 50% OFF, Buy 1 Get 1 Free or even $100 OFF if you purchase a minimum of… etc.  Some buyers prefer going online as one method of shopping; others are willing to explore the benefits of window shopping and searching for better deals for loose diamonds and diamond engagement rings.  But these 2 questions still remain: what is the difference between wholesale and retail price of loose diamonds and engagement rings; and what could the public benefit on the today’s market?

Buying from a Diamond Wholesaler

Wholesale price is known as sale of goods in large quantities for eventual resale.  However in diamond and jewelry business, wholesale price refers to as buying the diamonds or jewelries not necessarily in multiple quantities but at a much lesser price compare to the retail price.  In some cases, wholesalers provide the same amount of services like the retailers and a consumer buys a diamond or jewelry for a cheaper price than the retail price.  Diamond wholesalers often offer trade-ins where you can exchange your old loose diamond or diamond ring and upgrade it to a better and higher value.  Additional payment maybe required if the value of the diamond or diamond ring that you have is lower than the price of the diamond or diamond ring that you want to get.

Buying from a Diamond Retailer

This is perfect for people who prefer going to shopping malls or some local jewelry stores to buy loose diamonds or engagement rings.  Be aware that most retailers put 50-100% mark-up from the wholesale price.  This is actually great if you care only about the quality of the diamond and the engagement ring and price doesn’t matter.  Most retailers are known for their commercial ads on televisions or radios that attract people to consider them as their first option.  Generally speaking, retailers always include tax on every transaction they make and usually promote a high value of services such as professional customer service, legitimate return and exchange policies, flexible payment methods such as credit cards, deposits, layaways, including warranties and insurance in their services.

Wholesale Price versus Retail Price

Even though consumers at present are looking for great deals in the market, loose diamond or diamond engagement rings, they still want to get the best quality at the best price.  Buyers are now smarter than 30 years ago in terms of shopping loose diamond and engagement rings because retailer’s mark up are so high that you can actually buy another set of diamond ring from a wholesaler.  Consumer experts says that its 50/50 of people are now likely to spend cash to buy loose diamond or engagement ring in a wholesale store rather than going to retail store to buy same item with tax included.  The important rule of a consumer is being wise in terms of buying loose diamonds or engagement rings.  To get a good deal, try to make a research and also identify your priorities in buying a diamond.

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