Should You Buy a Diamond Engagement Ring from a Retailer or Wholesale?

So you’ve finally decided to take that next big step and get engaged — but if you think making that decision was hard, then you’re in for a ride, because the most common question that pops into the mind of someone getting engaged is what type of diamond he should get for the engagement ring.

Maybe you have already talked to a couple of friends, and they have recommended something beautiful. Maybe you have browsed the Internet and are caught between which vendors you should go for. Maybe a friend has recommended you to buy wholesale diamonds rather than at a retail price. With so many decisions to make, it definitely can get very exhausting at times.

Before buying wholesale diamonds, it’s important to understand what they actually are and the benefits of getting wholesale diamonds over retail ones.

What Are Wholesale Diamonds?

Most people confuse the literal meaning of the term ‘wholesale’ when used with diamonds. Where wholesale is a term used in trading when a trader makes a larger purchase, in the diamonds business, wholesale implies that the vendor buys from the cutter and then sell these loose diamonds at a lower price. Also, these wholesale diamonds sellers often manufacture their own diamonds and instead of reaching out to a retailer, sell directly to the customer. A retailer sells the same diamond at a higher price by adding value and services to the cost.

Benefits of Buying Loose or Wholesale Diamonds

Now that you have an idea of what wholesale diamonds are, you need to know the benefits of buying them instead of going to a retailer:

• You can find a diamond stone with the right size, shape, color and clarity at a much lower price
• You can have a stone cut in any shape you want
• You have an option of custom designing your diamond ring

However, you must be careful when dealing with a wholesale seller as a lot of diamond traders who claim to sell wholesale diamonds, actually don’t charge you accordingly.

How to Find a Reliable Wholesale Diamond Seller?

If you have made the decision to opt for a wholesale diamond, the first thing you need is a ring design. Most online websites give you the option to create an online ring by choosing the stone and the setting. You can get a practical idea of how your ring will look once you have that stone set in.

Finding a wholesale diamond seller is very important. For this purpose, your wholesale retailer should have these qualities:

• He should be GIA and CJA certified
• They should be working in the industry for at least a few years
• They should give the customer some sort of return policy; return policies determine the validity of a vendor and how much they care about the customer

Diamond vendors with these qualities should be preferred as they are most likely to offer you the best diamonds at the lowest price.

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