Fine jewellery
Author
Discussion

brandon888

Original Poster:

15 posts

227 months

Thursday 4th January 2018
quotequote all
Anyone into fine jewellery trade,im considering starting buy and sell loose diamonds..

ctrph

155 posts

155 months

Thursday 4th January 2018
quotequote all
Yes I am (qualified gemmologist). Do you know where to buy/sell diamonds? Do you know what you are looking at with a diamond?

Thankyou4calling

11,024 posts

203 months

Thursday 4th January 2018
quotequote all
What’s your experience in the diamond trade?

brandon888

Original Poster:

15 posts

227 months

Friday 5th January 2018
quotequote all
[quote=ctrph]Yes I am (qualified gemmologist). Do you know where to buy/sell diamonds? Do you know what you are looking at with a

No much at the momemt but learning it slowly.
I know the 4 C's


brandon888

Original Poster:

15 posts

227 months

Friday 5th January 2018
quotequote all
Thankyou4calling said:
What’s your experience in the diamond trade?
Nothing at the moment... but i can get my hands on the rough stones.

ctrph

155 posts

155 months

Friday 5th January 2018
quotequote all
brandon888 said:
Nothing at the moment... but i can get my hands on the rough stones.
Will you be getting them cut? Certified?
Not many places will take rough stones, as most diamond cutting is done outside the UK. Will you have all the kimberley process documentation in place on the rough stones?
Do you have practical knowledge of the 4 C's?

Sorry I'm asking a lot of questions but it is very difficult to just start selling stones in the trade as most dealers have built up decades of trust and experience that people rely on.

brandon888

Original Poster:

15 posts

227 months

Friday 5th January 2018
quotequote all
ctrph said:
Will you be getting them cut? Certified?
Not many places will take rough stones, as most diamond cutting is done outside the UK. Will you have all the kimberley process documentation in place on the rough stones?
Do you have practical knowledge of the 4 C's?

Sorry I'm asking a lot of questions but it is very difficult to just start selling stones in the trade as most dealers have built up decades of trust and experience that people rely on.
I can arrange to get it cut and polished abroad and get it certify by GIA ...

brandon888

Original Poster:

15 posts

227 months

Friday 5th January 2018
quotequote all
ctrph said:
Will you be getting them cut? Certified?
Not many places will take rough stones, as most diamond cutting is done outside the UK. Will you have all the kimberley process documentation in place on the rough stones?
Do you have practical knowledge of the 4 C's?

Sorry I'm asking a lot of questions but it is very difficult to just start selling stones in the trade as most dealers have built up decades of trust and experience that people rely on.
Is kimberley document still in place alot of the members pulled out and now there is no civil war in africa so i dont think it needed

Thankyou4calling

11,024 posts

203 months

Friday 5th January 2018
quotequote all
Can you summarise what you intend to do in a few sentences.

Plus your experience in the trade and other business?

Thanks

brandon888

Original Poster:

15 posts

227 months

Friday 5th January 2018
quotequote all
Thankyou4calling said:
Can you summarise what you intend to do in a few sentences.

Plus your experience in the trade and other business?

Thanks
Well my plan is create my own website and sell directly to the consumer .
If i can find a ring supplier i can offer to set the stone onto the ring too.
I got zero experience in the trade but i can 100% surely my price will beat them all.
I was in the catering business and now looking into doing BTL .


Edited by brandon888 on Friday 5th January 20:45

brandon888

Original Poster:

15 posts

227 months

Friday 5th January 2018
quotequote all
Is your business base in jewellery quarter??

ctrph

155 posts

155 months

Friday 5th January 2018
quotequote all
brandon888 said:
Is kimberley document still in place alot of the members pulled out and now there is no civil war in africa so i dont think it needed
Yes, the kimberley process is still very much in place and a new initiative is coming through from the responsible jewellery council to extend it even further as diamonds are still used to fund conflicts. Lots of customers want to know where there diamonds have come from and that the process from the ground to them has been ethical.

Thankyou4calling

11,024 posts

203 months

Friday 5th January 2018
quotequote all
Going into any businesses you aren’t really knowledgeable about really makes it tough.

Every field has its foibles which you only know when you work in it.

Have you thought about the catering as a venture?

brandon888

Original Poster:

15 posts

227 months

Saturday 6th January 2018
quotequote all
Thankyou4calling said:
Going into any businesses you aren’t really knowledgeable about really makes it tough.

Every field has its foibles which you only know when you work in it.

Have you thought about the catering as a venture?
Only few years ago i came out of the catering business had enough of it.
Will you be able to direct me where i can get a ring supplier from?
Just spoke to the person who selling me rhe stones,he got all rhe licence and documentation in place so no worries there.

brandon888

Original Poster:

15 posts

227 months

Saturday 6th January 2018
quotequote all
ctrph said:
Yes, the kimberley process is still very much in place and a new initiative is coming through from the responsible jewellery council to extend it even further as diamonds are still used to fund conflicts. Lots of customers want to know where there diamonds have come from and that the process from the ground to them has been ethical.
Spoke to the seller he got all the licences/documents so all good.
Do you know where i can look for some ring suppliers ...

iphonedyou

10,422 posts

187 months

Sunday 7th January 2018
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This seems a bit pie in the sky, OP.

djc206

13,603 posts

155 months

Sunday 7th January 2018
quotequote all
brandon888 said:
Well my plan is create my own website and sell directly to the consumer .
If i can find a ring supplier i can offer to set the stone onto the ring too.
I got zero experience in the trade but i can 100% surely my price will beat them all.
I was in the catering business and now looking into doing BTL .


Edited by brandon888 on Friday 5th January 20:45
So basically Blue Nile?

ctrph

155 posts

155 months

Sunday 7th January 2018
quotequote all
brandon888 said:
Spoke to the seller he got all the licences/documents so all good.
Do you know where i can look for some ring suppliers ...
If you are looking to be the cheapest out there, you will want to have your stuff made in the far east.
I only use UK manufacturers as the quality is better.

ctrph

155 posts

155 months

Sunday 7th January 2018
quotequote all
Unless you really know what you are talking about and dealing with when it comes to diamonds, you could easily end up losing a lot of money. Things that could happen:

Diamonds being swapped out for CZ/Synthetic Moissanite
Getting crystals that are not suitable for faceting
Getting crystals that aren't diamonds
Poor quality cutters that produce undesirable faceted stones

Then you have the logistics of moving them from country to country. I don't want to be a killjoy but buying rough, having them cut then selling them to customers would be very difficult, especially for someone who has no experience with diamonds.

brandon888

Original Poster:

15 posts

227 months

Sunday 7th January 2018
quotequote all
ctrph said:
If you are looking to be the cheapest out there, you will want to have your stuff made in the far east.
I only use UK manufacturers as the quality is better.
When u say manufacturers do u mean the cut & polishers ?

Correct me if im wrong but majority of diamonds nowadays is manufacturer on far east. The best place in europe is belgium and in uk hatton garden.