have started buying rough diamond to sell as a business startup am looking for someone or for me where i could take this stones to sell as at present have got 1.20 carat stones 4 pieces can u give me any advice on how to make the best of this business
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all about rough diamonds
Started by lstanley, Jan 09 2006 12:07 PM
2 replies to this topic
#2
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- A-List Appraiser
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- 5,148 posts
Ideal Diamond
- Gender:Male
- Location:Denver Colorado, USA
Posted 09 January 2006 - 04:37 PM
I don’t recommend going into any business without first identifying the customers who are going to buy your product or service. Learn as much as possible about who your customers are, what they want, how they will decide which to buy, how much they are willing to pay, and how you can make your own offerings better than those of your competitors.
The rough business is a rough business. You’ve almost certainly already lost money on the first 4 that you bought but they may be a good avenue for getting an education and they may help you to avoid similar mistakes with future purchases. Start by doing some homework at the library. Learn all you can about the diamond cutting business and business principles in general.
The rough business is a rough business. You’ve almost certainly already lost money on the first 4 that you bought but they may be a good avenue for getting an education and they may help you to avoid similar mistakes with future purchases. Start by doing some homework at the library. Learn all you can about the diamond cutting business and business principles in general.
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
There's never a crowd when you go that extra mile.
Professional Appraisals in Denver
GG(GIA) ICGA(AGS) NAJA
There's never a crowd when you go that extra mile.
Professional Appraisals in Denver
#3
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- A-List Jeweler
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- 120 posts
Ruby
Posted 10 January 2006 - 06:53 AM
I think that Neil offered some very sound advice.
Most experienced and competitive cutters buy rough in large quantity. Consumers rarely if ever buy rough to have cut into gems for a piece of jewelry. It is also important to know that a great deal of rough is often lost in the cutting process and often one piece of rough produces more than one stone, depending on the size and nature of the rough crystal.
I also wanted to point out that there are specimen quality rough diamonds that might be better suited to mineral collectors rather than diamond cutters. This may be an avenue you want to investigate as well if you have troubles selling the few pieces of rough that you currently have.
All the best to you.
Most experienced and competitive cutters buy rough in large quantity. Consumers rarely if ever buy rough to have cut into gems for a piece of jewelry. It is also important to know that a great deal of rough is often lost in the cutting process and often one piece of rough produces more than one stone, depending on the size and nature of the rough crystal.
I also wanted to point out that there are specimen quality rough diamonds that might be better suited to mineral collectors rather than diamond cutters. This may be an avenue you want to investigate as well if you have troubles selling the few pieces of rough that you currently have.
All the best to you.
