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The Importance Of A Diamond Consultant In Gem Business

By Paulette Short


The Gem Business demands value in both the good and service offered between buyer and seller. Trading in gemstones is a quite a booming business globally, and one of the most sort after precious stones is diamonds. If this is your line of business, then read on to understand why you need the services of a diamond consultant.

They make the best rough diamond advisors: You can decide to deal in precious stones from the raw or rough point or when already refined. If you choose to deal in rough diamonds, an expert will help you in sorting the diamonds at their raw form. Moreover, they will help you in grading the stones in their levels of quality, evaluate them and even price them with the current market rates.

Gauging the Buyer Or Seller: You definitely need a specialist to help you in judging character. The precious stone business is a cut-throat and lucrative one, you cannot risk dealing with the wrong people. Thus you will need experienced gem experts to point you towards the ideal sellers and buyers for your business to profit.

Diamond consultants have reliable insight because they have been in the business for long. They know all the real McCoys from the fakes so they know who to sign a deal with. Never make the mistake of not evaluating your dealers first hand because it can cost your business dearly.

Sealing Those Deals: A common term in the world of gem dealing is the Table Top Meeting or TTMs. These are the meetings graced by diamond buyers and sellers where business is officially discussed and a potential contract signed. The expert is quite helpful at this stage in a number of ways.

They are the ones who will help set the table top meetings for you and once they are approved they can act as the brokers. If you are a first-timer, you need help to set a successful meeting; and a successful one is creating the illusion of great value so your buyer will be interested in what you have to offer. On the other hand, if you are buyer on the table, you need to know how to create low value in what is being offered.

The other trick you can use to your advantage is called the manifest. If your specialist is an excellent gemologist, they will show you how to use your manifest to make sure it creates a winning sale to the buyer. On the other hand if you are a buyer you need to bring down the sellers manifest or twist it to your advantage. As said before the business is cutthroat, so you need a gem expert to survive the game.

You definitely need your gemologist or diamond consultant with you when you are sealing those business deals. He/she will also teach you how to do a prior feasibility evaluation of every deal you are about to cut. Feasibility skills help you judge whether an opportunity is worth investing in or not; and it can save you from wasting time and money and above all, getting into any trouble.




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