How risky is buying wholesale LG from India

[holyrock]

Title says it all, how risky is it buying lab growns from Indian companies claiming to be factories, and where does one look for a true factory/wholesale company with LGs. Thank you

 

[denverappraiser]

Selling things in individual quantities directly to consumers (meaning to you) is the DEFINITION of retail. They can call themselves whatever they like but you've already caught them in a lie before they even started. Beyond that, buying out of India can be problematic. It's up to you to decide if you want to deal with all of the shipping and payment types of concerns. It's not all that difficult, but it's not the same as buying from a local dealer either.

 

[lovedogs]

If it comes with a certificate, then it should be fine. But they arent wholesale (as said above), so you arent getting some magical deal

 

[Rockdiamond]

We get bombarded daily by Indian “growers”
I’m sure most are not actually growing, but re-selling.
I suppose we could risk buying to save a few points.
But for my money, I prefer to work with dealers that actually have a presence here in the US.......many of whom represent Indian companies. I have nothing against India or Indian companies per se.
There’s always someone claiming to sell cheaper, or actually lie ( as Neil pointed out)

 

[holyrock]

I hear you, i know id be buying resell basically, but its still cheaper than what i can get and have been getting until now. For someone like me, that spends tens of hours on a single ring since all of them are custom made, even a little cheaper price per carat can make a difference. I wouldnt want to send 10k and receive multiple weeks of bank refund issues. So i started looking for a company with better prices per carat. Stock up on round 6mm -11mm’s in good color, vvs/vs and above vg cuts, have them ready for show each time. As of now i have some special pieces for basic idea and or moissanite if its unusual cut, or size order. I want to risk it but were small company, cant risk until we hit the jackpot.

 

[Rockdiamond]

I didn’t notice your trade sticker ( nor I suspect did Neil)
I say this with all due respect- if you’re on Pricescope looking for true wholesale sources….. you’re in the wrong place.
What country are you located in?

 

[holyrock]

The moissanite is ofcourse just for show, to give my clients an idea how would the final product look, when iv finished the custom shank and setting. Dont know if i made that clear enough.

 

[holyrock]

I didn’t notice your trade sticker ( nor I suspect did Neil)
I say this with all due respect- if you’re on Pricescope looking for true wholesale sources….. you’re in the wrong place.
What country are you located in?

Czech Republic.

 

[holyrock]

I say this with all due respect- if you’re on Pricescope looking for true wholesale sources….. you’re in the wrong place.
What country are you located in?

And yes, i know its a shot in the dark, its not pleasant for me to be asking like this either. But as someone who has only recently adopted LGs, both for ethics and supply (yes i know thats ironic considering im crying here for help with a tip for better supply, but believe me naturals are even more stressful), i have been lost. Most of the people i see daily dont even let you explain what LGs are, let alone know anything about them in terms of supply, specifically what is too sketchy and what could be worth to risk.

 

[Rockdiamond]

I totally get it.
my suggestion- use this forum to ask questions that might help guide you.
I think you’ll find people here are very helpful- and knowledgeable.

 

[denverappraiser]

"I didn’t notice your trade sticker ( nor I suspect did Neil)"

I didn't.

I don't know the first thing about doing business in the Czech Republic. My experience is all from the US and Japan. Around here there are LOTS of wholesalers who are falling over themselves to get product into stores. It's a very crowded space. As with David, I suspect the vast majority of these 'manufacturers' are, in practice, traders. Because prices have dropped lately, there is a giant disincentive to carry much in the way of inventory. Pricing out of India isn't all that different, and the service side from the US sources is much better. Overnight shipping, easy returns, popular US labs. That sort of thing. That process makes jewelers reliant on their vendors and the vendors, mostly, are happy to cooperate. Even more than with natural goods, memo is king. Are there suppliers there who will work with you?

 

[holyrock]

I totally get it.
my suggestion- use this forum to ask questions that might help guide you.
I think you’ll find people here are very helpful- and knowledgeable.

Thank you, i will definitely stick around. I would have joined sooner if i knew of this place, but i never had the need until now to look for a forum like this.

Best regards

Around here there are LOTS of wholesalers who are falling over themselves to get product into stores. It's a very crowded space. As with David, I suspect the vast majority of these 'manufacturers' are, in practice, traders. Because prices have dropped lately, there is a giant disincentive to carry much in the way of inventory. Pricing out of India isn't all that different, and the service side from the US sources is much better.

Here only few boutiques i know of that had or have a lab grown ring or two, and usually its very small stones. Not popular, not very known, Definitely no wholesale companies, i doubt i wouldnt know of one if there was one.
Were quite behind in terms of diamonds overall, rarely anyone stocks even a little exotic cuts, not much originality in rings either. Naturals are almost always from Belgium.