Before you deal with diamond dealers, know more about them so you can have an idea of where to position yourself when you will be making your purchase. Find out how to deal with diamond dealers
By having a list of questions to ask to get to know them better and what is the necessary information to know about them.
How do diamond dealers make money?
Diamond dealers invest an amount and buy directly from brokers of miners of diamonds they will be selling to brick and mortar stores or even to individuals. They buy diamonds at a negotiable price since they buy in bulk. They then add up profits to the diamonds once they sell them to their clients and most of their clients buy in bulk too.
How do diamond dealers work?
They work like any businessman who buys diamonds at a good price and then passes them directly to their clients. They get more profit since they deal directly from the source and then sell them directly to buyers without having to deal with several middlemen.
How to Become a Diamond Dealer?
Become a Graduate Sales associate Certificate
Becoming a diamond dealer requires some skills and knowledge to be familiar with diamond properties. To Attain these skills a person who wants to become a diamond dealer usually takes courses offered by diamond trade associations such as the American Gem Society which is one of the most popular non-profit trade associations. During the training, diamond dealers are taught how to evaluate diamonds using their physical and chemical composition. The right tools are also introduced to them so they know how to thoroughly check on the diamond with the naked and by using a tool. After the closure is done students have to take examinations to determine if they have retained what they have learned during the training, those who will pass will be issued with Graduate Sales associate Certificate.
Escalate to Graduate Gemologist
You can also level up your knowledge by taking the graduate gemologist course which usually lasts for 26 weeks. This is offered by another non-profit institution which is the Gemological Institute of America. Finishing this course can help you land a title as a diamond dealer.
Level up to Certified Gemologist Appraiser or CGA
The course for becoming a CGA is offered by the American Gem Society. This training can teach you more advanced and intense training in determining the properties of the diamond.
Are you a Diamond Dealer or Diamond Broker?
Know the difference between a diamond dealer and a diamond broker before you ask them. A diamond dealer has their own funds available to purchase diamonds while a diamond dealer needs funds from other courses to buy the diamonds they will be selling. Therefore buying from a diamond dealer is better.
Do you sell wholesale?
Most diamond dealers sell their diamonds at a wholesale price since they can get them at a good price too. They don’t need middlemen therefore they can add some percentage of the diamond they both then pass them on directly to their buyer at a wholesale price.
What should you expect from a Diamond Dealer?
Diamond Dealers Should be Knowledgeable
Diamond dealers should be able to know the 4cs and beyond of the diamond they are selling. Since they are trained and educated about it they should have in-depth knowledge about the diamonds so they can handle their customers well when they are asked questions.
Diamond Dealers Should be Honest
Diamond dealers would deal with all honesty when it comes to pricing their diamonds. There is standard pricing for diamonds in the market and as a buyer, you should be aware of it, so you can determine if your diamond dealer is giving you a good price or if they are overpricing.
What does a diamond dealer do?
Diamond dealers simply purchase a hulk of the diamond from the main source or broker and then sell them to brick-and-mortar stores or directly to individuals.
How to choose a diamond dealer?
In choosing a diamond dealer you should consider the following:
- Reputation is a good way to measure how diamond dealers handle their clients. More positive feedback is equal to a higher reputation.
- Credentials also count when picking a diamond dealer. Make sure they have the necessary documents to prove they are legit and that they are indeed issued with certifications they should be having as a diamond dealer.
- The quality of their diamonds can also tell more about them. Knowing more about their diamonds and if they are good ones then it means they can be a good dealer for your diamonds.
What Is the Secret World of Diamond Dealers? The FAQ is answered and being familiar with this information can help you determine who is the right diamond dealer to deal with.
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