09.14.07

How To Buy Diamonds At Wholesale Prices

Posted in True Wholesale Diamonds, diamonds at 4:21 pm by admin

How To Buy Diamonds At Wholesale Prices

No this is not a marketing gimmick as you will see there are many many of them as you search for wholesale diamonds on the internet. There are so many advertisements and diamond portals that link up to the same typical diamond retailer that would never sell you a wholesale diamond that it is enough to make your head spin. This articles intent is to make it simple for you to bypass the multiple pages on Google and Yahoo of spam and fake online diamond discount stores.

First Step

It is very simple; you need to go to at least 3 different diamond retailers in your town. You will receive a card that has the 3 C’s (Carat, Cut, Clarity). You use this card to find the diamond of the quality you are interested in. The card will be free so you can take it with you to the other stores. A few stores you could go to are Walmart, Sam’s Wholesale Club, and James Avery. These are stores in my town but you will probably have similar stores or a local jeweler will do the trick. You need to write down the price of the diamond, the color, cut and clarity. In the end of the process you will use this to make a comparison chart. One other thing to ask the store is if the diamond is GIA certified. Any other certification claim is an appraisal and not an actual certification of the diamonds quality. Why is this important? If it isn’t GIA certified, the diamond retailer could be giving you a wrong estimate of the diamonds quality. GIA certified diamonds are more expensive and are not in most stores but if you can you want to give extra weight to these diamonds as they can be guaranteed on the quality.

Chances are that after leaving these stores with notebook in hand with the 3 C’s and the questions you have asked on the paper you will be asked back in. The store owner will give you a cheaper price quote as he will see you are a serious buyer. Take advantage of this as it will get your diamond price closer to the current diamond retail price. Cross out the previous price and right the new price.

Next Step

You now want to get on Craigslist.com. Why not eBay? You want to avoid eBay as there are many stores selling clarity enhanced diamonds. This is where they inject glass into a flawed diamond so that it looks as if it has no flaws. The ones that are selling genuine quality diamonds are also suspect as the auction will usually go up at the end suspiciously beyond a reasonable eBay auction price. Many of these stores hook potential buyers into the auction only to bid on their own auctions to hike the price to their acceptable selling price. This practice is against eBay’s rules but it happens all the time. Craigslist.com is a free local listing classifieds site for all major cities in the U.S.A. You will find many previously engaged people on here with “I don’t want it anymore syndrome”. You can take advantage of this psychological principle. These people want to get rid of some bad memories and will likely sell the diamond for $1,000 - $2,000 off what they paid for it. Now I know what you are thinking, “I don’t want a used ring” Keep reading as this will not end in you buying a used ring.

You buy the ring off of Craigslist.com for a discount after measuring it with the prices and quality criteria on your chart. You want to buy a GIA certified ring if possible and you want the original receipt. Many diamond jewelry stores will allow you to trade in a GIA certified diamond ring for a ring of 20% or greater in value. Verify the store and receipt and make sure they have this policy in place before buying it from the seller on Craigslist.com. Now all you need to do is trade in your discounted ring in for a ring of your choice of 20% or greater value.

Summary

You have now found out how to successfully buy a wholesale diamond ring at current diamond prices while avoiding the marketing hype offered on several diamond stores on the internet. This method is fool proof so long as you follow my suggestions. You will save thousands of dollars and the diamond you choose will be your choice and may even allow you to buy the diamond ring you wanted but just couldn’t afford.

About The Author

Donny is a diamond expert having been involved in buying diamonds and working with gemologists for 5 years. He has valuable industry experience in the diamond retail field and has written several articles on the subject of diamonds and diamond prices.

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