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Tuesday, 1 October 2013

Why You Need A Diamond Consultant In Your Business

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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.

Qualifying buyer/Seller: For a first transaction, you definitely do not know how to identify a potential buyer or choose the right seller. Remember the gem industry is a highly lucrative one, so you do not want your precious stones to land in the wrong hands. Working with a expert consultant is pretty safe; they can identify ideal buyers/sellers for you to trade with.

If there is any scammer trying to lure you, the gem expert will sniff them out. If you decide you go whole way alone without the consultant, your business gets exposed to swindlers who will either rob you in goods or price markups. Make sure you have someone experienced in gem business to every business meeting you attend.

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.

First they will be the ones to arrange the meeting between both parties and after which broker on behalf of the two sides. A gem experts understands the art of illusion in the gem business; the buyer will create a low value illusion of the good in order to buy it cheaper. The seller on the other hand will create a high value illusion to profit from the high price mark up.

It is all cut-throat between gem dealers at this stage and another leveraging technique used to outdo the opponent is the manifest. Your specialist who is your chief gemologist will create a manifest for you that will defend your argument and help you win the buyer over if you are selling. On the other hand, a buyer may need the gemologist to help them in breaking the manifest of the opponent in order to get a lower price.

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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