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Can Purchase Wholesale Loose Diamonds in Australia?

Tuesday, March 20th, 2012

Wholesale loose diamonds are prevalent in Australia and Australia, in fact, is actually one of the biggest producers of diamonds producing around 40 million carats annually.

You can purchase wholesale loose diamonds in Australia but only if you are a diamond trader. Technically speaking wholesale diamonds should only be sold to diamond traders and jewelers but you can buy loose diamonds ‘at wholesale prices’ which is quite a different thing.

If a dealers offers you wholesale diamonds you know he is not telling the truth unless you are a trader or jeweler of course. He can offer you retails diamonds, “at a wholesale price”. That is different of course.

In any transaction involving diamonds you need to ensure that you know as much about diamonds as possible. You don’t need to know all about diamonds but you certainly need to know the basics.

You also need to ensure you get a gemological assessment of the qualities of the or a diamond so you can get the price of the diamonds through an appraisal. One just does not take the word of a trader or dealer on the value or qualities of a diamond or diamonds.

In Australia there are large chains of jewelry stores where you can buy diamonds, sometimes ‘reduced’ to sell. These are usually not the best quality around and have been purchased in bulk and would not interest someone serious enough to want to buy a good quality diamond.

Mostly they employ salespeople and these are there to sell jewelery. The lights in such places are bright and set of anything sparkly to their best effect. Take the diamond out into the natural light and check for inclusions and you will likely be amazed at what you see. Better still take a jewelers loupe in with you and inspect the diamonds. It is rare however that they will have any loose diamonds, only diamonds in settings and it is difficult to assess the quality of a diamond when it is in a setting.

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