Are wholesale diamonds cheaper?
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Are wholesale diamonds cheaper?
The price benefit of buying loose diamonds Wholesale Buying loose diamonds cuts away through all the unnecessary costs and allows you to buy diamonds at 50-70% less than retail prices. The more middle men you cut out the process, the more savings you pass on to yourself.
Why are wholesale diamonds cheaper?
Wholesale Diamond Sellers 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.
Is Blue Nile a diamond wholesaler?
Blue Nile’s reputation as the leader in the online market has made them an ideal place to buy diamonds. It has also allowed them to nurture relationships with the largest legit diamond wholesalers in the world. This has further given Blue Nile a strong advantage over the competition by signing exclusivity contracts.
What is the markup on wholesale diamonds?
The average markup on a GIA certified Lumera diamond is less than 9%, which means the end consumer is paying very close to a true wholesale price (the price charged by diamond cutters around the world). This compares favorably to a traditional jeweler, which might mark a diamond up 100% or more.
How do diamond wholesalers work?
A diamond wholesaler is someone who buys diamonds in bulk and sells it to brick-and-morter stores or to on-line diamond companies. They procure diamonds with a deep discount because they buy in bulk. They don’t usually sell to the public or individual buyers unless it’s a friend or a friend’s friend.
How much do wholesale diamonds cost?
In the wholesale market, diamonds are priced per unit of weight, referred to as “per carat.” Updated Wednesday, June 1, 2022, diamond prices moved HIGHER by an average of 2.2% in May 2022….230.8 2.2.
| Weight Range | Avg. Price/Carat |
|---|---|
| 4.00 to 4.99 ct. | $21,902 |
| 5.00 ct. or more | $30,687 |
How much profit do diamond dealers make?
By the time the wholesale broker sells the polished diamond to other wholesale brokers, his profit margin is 1 to 15 percent, or an average of 5 percent. If he sells to retail shops, profits are 10 to 30 percent, or about 20 percent on average.
Can you negotiate price with Blue Nile?
Simply call us at 1-888-565-7641 and a qualified Diamond & Jewelry Consultant will be happy to review your inquiry. In most cases, Blue Nile expects to have the lowest price, but can typically match the price if the competitor’s price is lower.
