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How can I sell diamonds in good price?
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Author:  EstanisGM [ Sun Dec 23, 2018 11:32 am ]
Post subject:  How can I sell diamonds in good price?

Hi,

Now I have some companies to buy diamonds directly and I think they have good prices... How can I check this correctly? My mother says it's clear if I compare Rapaport's table and if they have good discount (20 or more about Rapaport's price) are good prices.

However, I'd like to sell to other jewelry storers and jewelers, even manufacturers if I could. My big problem is which price or which percentage I have to increase to sell them in good prices (better than others diamond's sellers in my country for example). Is there any book or course?

A good one could be ask to this diamond's sellers for the same stone how much, but I can't ask thousands of time...

If you could help me... Thank you!

Best,
Estanis.

Author:  1bwana1 [ Sun Dec 23, 2018 1:06 pm ]
Post subject:  Re: How can I sell diamonds in good price?

It is much more complicated than just a discount off the Rapaport price sheet. In any case a 20% discount is not a very good one, at wholesale levels. Currently discounts even on triple Ex stones is significantly more than that.

If you really want to understand the discount and terms I suggest you subscribe to the RapNet service. You will learn a great deal about pricing and the subtleties of stones by reading and understanding the accompanying reports for the stones being offered. It can be a good place to sell stones as well if you can find a way to buy stones at a price that allows you a markup in the Rapnet environment. But understand that even with the large discounts available these are not cash selling prices. They are consignment prices where stones are sent out so they can be shown to potential retail buyers and returned if they don't sell. Cash prices are even much less.

Author:  Barbra Voltaire, FGG [ Mon Dec 24, 2018 6:39 pm ]
Post subject:  Re: How can I sell diamonds in good price?

Very good advice, EstanisGM.

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