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The source of this market seems to be obscure.
Some sellers advertise themselves as 'wholesalers', when in actual fact, they're just middlemen who marked down the (huge profit margin) on diamonds.
I know this, because some very reputable sites (Blue Nile, James Allen etc.) sell them at an even lower price (and even they are not the wholesaling).
Diamonds aren't expensive or rare to begin with, it's just a very well-regulated industry where the price is artificially inflated (and kept at such to keep reaping in the profits), so I can see why they would try to keep the source out of public eye.
Do you have to actually know someone in the industry to get them at real wholesale prices?
Anyone here know someone (or are themselves) in the industry
I have a colleague who has a family business in diamonds. But asking where they source would be way to personable, and I'd doubt she'd tell me anyway.
I'm very curious.
Some sellers advertise themselves as 'wholesalers', when in actual fact, they're just middlemen who marked down the (huge profit margin) on diamonds.
I know this, because some very reputable sites (Blue Nile, James Allen etc.) sell them at an even lower price (and even they are not the wholesaling).
Diamonds aren't expensive or rare to begin with, it's just a very well-regulated industry where the price is artificially inflated (and kept at such to keep reaping in the profits), so I can see why they would try to keep the source out of public eye.
Do you have to actually know someone in the industry to get them at real wholesale prices?
Anyone here know someone (or are themselves) in the industry
I have a colleague who has a family business in diamonds. But asking where they source would be way to personable, and I'd doubt she'd tell me anyway.
I'm very curious.
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