Wholesale Diamond Engagement Rings

The buying of a diamond engagement ring can be one of the most significant purchases that you are likely to make, not only because of what the ring actually symbolizes, but also because of the financial investment. Diamonds are the most prized of gemstones and this is reflected in the price.

It is possible to compromise in the type of ring to keep within a budget. The ways of cutting costs might include considering a smaller diamond or even an alternative gemstone. However, many couples not wishing to compromise turn to wholesale outlets to buy their ring.

Wholesale Versus Retail Price

The traditional definition of buying goods wholesale is where goods are purchased in bulk with a view to reselling them at a profit. Many stores buy their jewelry stock in wholesale from a distributor or direct from the manufacturer. The prices are then marked up to reflect the store’s many operational costs before being made available for sale to the public at the retail price. The store needs to cover the cost of staff, premises, security, marketing, etc. and this is contained within their mark up over the wholesale cost.

Another definition of buying ‘wholesale’ is buying at the wholesale price, which is significantly less than the retail price and can offer the customer a substantial savings.

Where to Buy Wholesale Diamond Engagement Rings

There are many options available for couples looking to buy their engagement rings at wholesale prices.

Wholesale Outlets

There are some outlet stores who sell a whole range of goods at wholesale prices. These might be end of lines, returns, or bankrupt stock. Products are generally in perfect condition, however the packaging may be damaged. These stores often have jewelry for sale including engagement rings.

The advantage of buying wholesale diamond engagement rings from this type of outlet is that the price is likely to be significantly less than buying elsewhere. There are, however, potential pitfalls. It is unlikely that you will be offered advice or help with the purchase. The rings are likely to be a single size and therefore will need to be taken elsewhere to be resized. Any guarantee over the quality of the stone will have to be taken at face value, unless the diamond is certified by a recognized certifying body.

Direct From Manufacturer

It is also possible to buy engagement rings direct from the manufacturer. Some jewelry manufacturers offer engagement rings direct to the public and this can represent significant savings. The manufacturer may well offer an exciting range of styles incorporating certified diamonds. Guarantees and warrantees may also be less flexible with these types of rings.

Buying a Loose Diamond

Another alternative is to buy a loose diamond from a diamond wholesaler, or from a diamond trader and get this set into a ring of your choice. This is very easy and straightforward to do, and again, can offer a significant cost saving.

Diamonds available from wholesale suppliers are likely to be available in standard sizes. This makes the setting of the stone in a standard mounting very straightforward, and this is a service that many reputable and knowledgeable jewelers can offer.

Important Factors to Consider

There are a number of key features to consider if buying your diamond engagement ring in this way. Buying wholesale and not direct from a jewelry shop can represent a cost saving, it also means that you are unlikely to be offered any professional help or advice. When buying from a reputable jeweler, trained staff will help in the decision making process. The member of staff will work with you, finding the perfect ring for you within your budget. They will explain about the quality of the diamond, the particular setting you have chosen, how to look after the ring, and give other advice as required. Buying from a reputable jewelry store also means that you can try on many different engagement ring designs, look at the ring in different light, compare it with other rings, and generally ensure that this is the perfect ring for you. When buying from a wholesale outlet you are unlikely to be offered this help and support.

Tips for buying your engagement ring wholesale:

• Research all you can about buying a diamond ring first, learn about the 4 Cs, certification, precious metal types, and gemstones.
• Try and find out some background information about the supplier, such as how long have they been trading, what is their business reputation and what other products do they sell.
• If buying a loose diamond, check out if the supplier offers a diamond setting service.

Wholesale diamond engagement rings can be a challenge to buy, but doing so can also be a great savings for couples on a budget. With careful preparation and understanding of the buying process, couples can find great wholesale deals without sacrificing quality and beauty.