Here are 10 things to keep in mind before buying genuine gemstones and minerals for sale
Gemstones value increases @ of inflation. So be aware while buying gemstones. Because if you will purchase bad gemstones today, you will suffer even in the next 3 years. Bad deals will give you bad results. I am going to present here under 10 things to keep in mind before buying genuine gemstones and minerals for sale.
I am myself careful about gemstones buying and purchasing. Some times, bad gemstone give you good profit and sometime good gems gives nothing. But this is rule that people like quality gemstones. So go for quality gemstones when you are going to buy if you are investing. If you are a jewelry designer or Small and medium industry, you have to keep in mind some other tips. I am focusing in this article on tips for SMEs and small jewelry designers. I will highlight on another article about investment in gemstones. SMEs and small businesses can also get good profit if they keep in mind 10 tips before buying natural gemstones and minerals for sale.
1- Know your purpose of buying what type gemstones
This is very important that why you are going to buy gemstones? You should be aware of your purpose. You must be clear about your purchase. You should know what gemstones you need for selling or to use in jewelry designing. Mostly buyers have no idea and start purchasing without searching their market, customer demands. When they are unable to sell, they start building bad relationships with vendors. You can loss a good vendor. So know about your market. Read following tips further.
2-Learn about gemstones and minerals
This is very important in the buying gemstones. Are your buying for instant money? Some buyers go behind the trend. They dont bother to get knowledge about the gemstones and minerals. They usually have little knowledge about gemstones and minerals. You must have basic knowledge before buying. What is this knowledge? Whether the stone is real. Names of gemstones. Their treatment types. cut, clarity and much more. Read about gemstones in this blog, it will help you in identifying gemstones and minerals.
3-Knowing Customer need and market
Another big issues with the buyers, they lack knowledge about demand of their customers. They look at people what they are getting profit and start following them. This is very bad. It is not necessary that all localities like same gemstones. For example, Chinese like green colour and go behind emeralds, Jade. They dont like white colour. They think that it is related to their bad luck. So you can not sell white gemstones there. Similar is the case with other localities.
4-Have knowledge about your market and Pricing Trends
You must have idea about your market and market trends especially in pricing thing. Your market accept medium quality with low price, you can not offer them pricey items. You must look for cheap gemstones so you can offer them affordable gemstones. Moreover you have to look at your expenses also if you are a jewelry manufacturer.
5-Evaluate your budget and try to mark up your profit before purchasing
You must evaluate your budget before making purchase. If your budget is low, go for such gemstones which can give you instant profit. Sometime commercial gemstones buying is a good options. But sometime quality gems also give you double profit if your market accept them.
6-Where you can buy wholesale gemstones for sale
Another thing is getting knowledge about where you can buy wholesale gemstones for sale. You should look for wholesale gemstones dealers instead buying from retail stores. Buying from retail stores can not give you much profit.
7-Source gemstones so you can sell in retail
Another important thing is selling of gemstones. Obviously after purchasing from wholesale gemstone dealers, you will like to sell the gemstones in retail. So you have to find out the way where you can sell your items in retail price. They can be jewelry stores, auction houses.
8-Adding value to the sold gemstones
Before buying once you have finalized what you are purchasing. You should also look what additional value you can add to the gemstones. May be you can buy preformed or low price gemstones to save money. Next you need to see if you will recut it, it will give you more money in return.
9-Build relationships with the vendors
Dont spoil your relationship with the vendors. Always keep open way to contact them. You must build good relationship with your gems vendors. Well established vendors will entertain you honestly if you are an honest buyer. Dont look for purchase of one time, you have to contact in future also sometimes. Get knowledge about your vendors online. Look at their activities. This will give you idea in the selection of vendors. Building relationship will help you in getting new stock on competitive prices. Vendor will be happy to show you first.
10-Know your shipping services
You must be aware of shipping services. Some shipping services are reluctant in accepting or picking gemstones. If you are unable to ship your item, your sell is lost. Before purchasing, make it sure that you have contact of all shipping services, their rates, services details. So once sale is done, shipping can be instant.
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