Can I buy my engagement ring or diamond jewelry wholesale?

If you are the “End User”; of that engagement ring or piece of diamond jewelry and if you are not in the business of buying from manufacturers with the intent of reselling to consumers, you can not buy your engagement ring wholesale. You may feel that you received a price similar to “Wholesale“, but you can not actually purchase your engagement ring wholesale. (In the truest and legal sense of the word) Unless you are a wholesaler with a Federal Tax ID number and possibly a state resale tax ID #. In many cases when engagement rings and diamonds are being advertised for sale to the public as wholesale, it is at least misleading, and possibly even illegal in some states. This actually applies to most types of products for resale, not just diamonds, and engagement ring sets. It is true that purchasing your engagement ring online can save you quite a bit of money, but you are still technically buying at retail. That means you are purchasing affordable engagement rings, not a wholesale engagement rings. The savings typically are because when you buy online, you are enjoying a lower profit margin on that loose diamond or diamond engagement ring. This is possible because many online jewelers do not have the large overhead that a traditional brick and mortar jewelry store will have.

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Frequently Asked Questions About Engagement Rings, Diamonds, and Diamond Jewelry

What is a loupe and why do diamond
 jewelers use one for engagement rings?

A loupe is a handheld device used in the diamonds industry by trained diamond professionals, to magnify a diamond like the one in engagement rings, or piece of diamond jewelry you would like to inspect. The jewelry industry standard is 10X magnification. There are however different magnification loupes available. In the hands of a trained professional, a loupe can be used very effectively in determining the quality of a diamond, by using it to inspect the clarity characteristics of a diamond. A loupe can also be used to perform an initial inspection of a piece of diamond jewelry for possible damage, such as the prongs on an engagement ring or diamond stud earrings Although loupes are used extensively by jewelers and jewelry stores, they are also available for sale to private individuals. If you have never looked at your diamonds under a loupe, consider trying it sometime. It can be fun and interesting to see the unique characteristics of your own diamonds. However please remember that proper diamond grading can only be performed by a certified and trained diamond professional, also referred to as a gemologist.

Diamond Jewelers and Engagement Rings

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