The diamond industry is very prolific, and there are a number of uses for diamonds. When it comes to jewellery, diamonds are in huge demand from different sections of the society. It is one of the things that people might want to buy as an investment as well as for the brightness and sparkle that it can bring to their lives. Most consumers just walk into the local jewellery shop and purchase the best diamond jewellery available, depending on their requirement, budget and taste.
However, there is a huge market for loose diamonds. This is where those who work with the diamonds and create it into the exquisite pieces that the rest of us love to display, go to for sifting through a wide array of diamonds and purchasing in bulk. The wholesale market for diamonds is thriving in Australia and there is good scope for jewellers to purchase well-cut and excellent diamonds in bulk at a discounted rate.
Now, the question is why buy loose diamonds? There are a few good reasons behind this, as most jewellers are aware, as are the wholesalers who supply to them.
It is far easier to detect flaws on a loose diamond than it is on a diamond that is already set in a piece of jewellery. The flaws could be hidden under the prongs, where you cannot locate it once it is set. By choosing to buy loose diamonds, you can look at the diamond whole and would have the opportunity to find any defects or potential problems in the stone.
Another factor that is in favour of purchasing loose diamonds is that it is pretty much impossible to determine the colour and clarity of a diamond once it is set in a piece of jewellery. The diamond, by its very properties, would take in the lustre and colour of its setting and reflect it back. This destroys pretty much any chance one might have of accurately assessing the actual colour of the stone.
Buying loose diamonds from a wholesaler, especially if you buy in bulk, can cut costs by a large margin. Wholesale diamond merchants often give big discounts for quantity. From this perspective, the purchaser might be able to save a lot of money on their diamond purchases, which can be either put down to profit or invested elsewhere, for example, in exquisite workmanship.
When diamonds are purchased loose, you have the opportunity to design the jewellery to your own specifications, depending on what you know is in demand on the market. Even better, you can provide customised services to your favoured customers by allowing them to work on the design in conjunction with your artisan.
Thus, there are many reasons for purchasing loose diamonds from wholesalers. We are definitely a loose diamond wholesaler in Sydney, and we buy directly from the cutters overseas. With us, you will be able to buy excellently cut diamonds at good prices.
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