“Into every girl’s life, a little diamond should fall!” The saying is just apt!
Purchasing a diamond thing is everyone’s dream, but getting it is not a piece of cake if you are a first-time buyer. Diamonds are available in almost any budget.
Now it’s all up to you, for which one you want to go for. Things you can be clear in your mind, later on, are design, type, size, feature and all related things but first thing first – from where the buying of the diamond will prove to be profitable?
Where will you get a good quality diamond within your budget – whether you should go for a retail shop or a wholesale shop? To make this confusion clear, you have to understand the difference between wholesale market as well as the retail market. Here is a little effort to explain you all the difference between the two-
Purchasing from a Retailer
If you want an engagement ring, earrings, or small diamond things, then retail purchasing would be a perfect choice. But be prepared to pay extra cost that will be nearly about 50%. Retailer’s costs are always higher because they recover their advertisement costs, sales tax, and employee’s salary from you only thereby increasing the prices of their things.
The best part of the retail business is that it can be done online also. There are few tips that will help you in comparing the loose diamonds deal from different stores. Firstly, get yourself updated about the prices of the pearl that you are looking for before going to the retail shop. With the help of this, you can resist yourself from paying a large amount of extra cost and also will be able to negotiate the prices to some extent.
A certificate should always be demanded to confirm that the diamond you are going to purchase in some time 8is a real diamond. Some people believe that there exists a 2:1 ratio that means a price in which you can get two sets of diamond from the wholesale market there will be only one set available in the retail shop. Retailers lack direct contact with a manufacturer that is the reason why their prices are always high than wholesale market.
Purchasing from a Whole Seller
People who buy a diamond in bulk quantity and have direct contact with the manufacture are known as whole sellers. These persons can provide their customers a huge discount because of two reasons – there lie no intermediaries, and secondly, they buy quantity in bulk.
Most diamond whole seller’s trade in exchanging your old diamonds with new and upgraded one by charging extra cost. Some of them do not charge you a whole sale rate so are beware of them.
Every diamond has its value. Try not to get fooled by picking up a duplicate diamond or a costly diamond, or may be a synthetic diamond. Thereby, decide for yourself! Which source will you choose to buy diamonds from – retailer or whole seller?