Guide for Wholesale Jewelry
Because of the general expense of jewelry, there is an attraction to buying it through wholesale channels. Although buying jewelry wholesale can net some great deals, you will need to exercise caution to be sure that you got the best deal possible.
Keep these things in mind when buying jewelry wholesale:
- Inspect each piece of jewelry before purchasing. If you are purchasing diamonds, insist that the salesperson or representative uses a diamond tester on each diamond. The human eye will not always be able to tell the difference between a cubic zirconium, a crystal or a diamond. Ask to use a jewelers loupe on all pieces so that you can give them a thorough inspection.
- Only do business with an established jewelry wholesaler. Although there are many who can offer low prices, some “wholesalers” are charlatans that have obtained their jewelry through dubious means. Check with the Better Business Bureau to make sure that the wholesaler is legitimate and will stand behind their sale. Also, find out if they belong to any trade organizations, such as the Diamond Council of America.
- Find out what type of return and exchange program the wholesaler offers. Do you have 30 days to return the piece if it is not satisfactory? What happens if a necklace snaps after two months of owning it? If your wholesaler tells you that “all sales are final”, do not do business with them, no matter how good the deal may seem.