Find your diamond
Find your jewelry
shape
carat
color
clarity

Diamond Dealer

Status
Not open for further replies. Please create a new topic or request for this thread to be opened.

Beautiful

Rough_Rock
Joined
Feb 26, 2009
Messages
1
Hello all,

This is my first time at this...I am wondering what it takes to become a diamond dealer??

Thanks
 

Regular Guy

Ideal_Rock
Joined
Jul 6, 2004
Messages
5,954
Being willing to work with only a quarter of a deck?

Beautiful, welcome to Pricescope.

Hopefully you''ll get more and much better answers...
 

dkodner

Shiny_Rock
Trade
Joined
Apr 15, 2005
Messages
150
Well it used to be you pretty much had to be born into the business. That has changed in recent times, for better or worse..)
In today''s world, you would need a large line of credit, an impeccable reputation and introductions to diamond cutters. You would really have to work for a diamond company first to at least establish a reputation, that will take a few years. Then you would have to have strong backers and people who are willing to "vouch" for you. They will be putting their reputation on the line for you as well. Then you have to figure you who you will sell to, as each city and market is very different. So you would have to know how and what to buy that you will be able to sell. If you buy high end fine make diamonds, and your market likes cheap bluffy stones, then you are stuck. Even if you buy the right mix of diamonds, then you have to get paid for them. It is one thing to sell a diamond to a jeweler, it is another to get paid on time. If you are a diamond dealer, then you will be expected to pay on time no matter what. The cutters will not care if your clients have not paid you yet, or you have not sold the stones. If you don''t pay them on time, then you get no more credit, and then you are out of business. Plus That in a very very basic form is at least one form of how to become a diamond dealer....o)
 

Judah Gutwein

Shiny_Rock
Trade
Joined
Dec 16, 2008
Messages
320
A desire to succeed. Reputation, reputation, reputation.

Reputation and connections are entwined. You need to make connections in order to devlop a repuation and you need a reputation in order to develop and maintain connections.

Neatfreak,

Less money than you think.
 

strmrdr

Super_Ideal_Rock
Joined
Nov 1, 2003
Messages
23,295
Know the right people is number one.

Number 2 in today''s market is capital.

I think the days of the supply chain supplying the capital are going to be over.
ie memo
If it is extended it will be a high premium.
Way to many suppliers are getting burned right now.
 

dkodner

Shiny_Rock
Trade
Joined
Apr 15, 2005
Messages
150
Date: 2/26/2009 7:07:11 PM
Author: DiamondExpert
...it''s unclear what exactly you mean by ''diamond dealer''
...?

Gary you are right. I answered with the assumption Beautiful was asking about a person who directly buys from or represents large cutting operations and sells exclusively to the jewelry trade. There are a whole lot of people who call themselves "diamond dealers" that do not have that job description.

Technically anyone who sells a diamond is really a diamond dealer....
 

YoungPapa

Shiny_Rock
Trade
Joined
Jun 18, 2002
Messages
438
Date: 2/26/2009 11:36:37 AM
Author:Beautiful
Hello all,


This is my first time at this...I am wondering what it takes to become a diamond dealer??


Thanks
Confidence and ambition. If you don''t have those in spades, forget about it.

You''ll figure out the rest as you go along.
 
Status
Not open for further replies. Please create a new topic or request for this thread to be opened.
Be a part of the community It's free, join today!
    Push Present: Engagement Ring Upgrade
    Push Present: Engagement Ring Upgrade
    20th Anniversary Upgrade
    20th Anniversary Upgrade
    Horses for Courses: Polo Match Jewelry
    Horses for Courses: Polo Match Jewelry

Need Something Special?

Get a quote from multiple trusted and vetted jewelers.

Holloway Cut Advisor



Diamond Eye Candy

Click to view full-size image.
Top