Buying Wholesale Diamonds Online

Wholesale diamonds are widely available through online dealers. Often called cheap diamonds, the prices of the loose diamonds are so much less online that at a regular retailer. This is because the people who deal in diamonds online can sell them at a discount because they usually don't have the high overhead costs associated with having a brick and mortar store, rent and employees to pay. In addition, they do not have to pay high security costs to protect the diamonds and other jewelry inside the building.

Some of the other reasons why you can buy diamonds cheap on the Internet include:

• Wholesale diamond dealers are usually part of network of dealers and they share the diamonds between them.
• The dealers do not store the diamonds at their place of business
• When you order a diamond, the dealer searches through the network to find another dealer that has what you want

Using this method, a retailer does not have to come up with the millions of dollars necessary to buy diamonds and jewelry to fully stock a store.

How do dealers determine the cost of the diamond?

You might wonder how dealers can sell you diamonds at a discount while other jewellers have to charge much more. There is a price list for diamonds called the Rapaport Diamond Report. This is the basic wholesale cost of the diamond that all jewellers pay. An online dealer only has to add 5% to 10% to this cost because he doesn't have the added expenses that regular jewelry stores do. When you order your diamond online, you get it for a little more than wholesale because the dealer orders it from his/her supplier and has it shipped directly to you. You figure that you got the diamond cheap and the dealer still makes a profit.

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