Any Diamond dealers on this thread

ukal123 · #1 27.03.2011, 22:48

I am thinking of opening a Store in Zurich which would offer
Diamonds to much cheaper prices then is offered on Bahnhofstrasse...
and maybe even eventually supply the whole of Switzerland.

Anyone in this sort of business ? What do you think ?

Comments welcome

Captain Greybeard · #2 27.03.2011, 23:03

I don't know. On this forum, I see more of a demand for brown sugar and steel-cut oats.

#3 27.03.2011, 23:22

Start out with www.ricardo.ch and see if there is a market here. Personally if I wanted a diamond I would go to Antwerp and look for an old established dealer.

#4 28.03.2011, 10:52

	Quote:	ukal123
	I am thinking of opening a Store in Zurich which would offer Diamonds to much cheaper prices then is offered on Bahnhofstrasse... and maybe even eventually supply the whole of Switzerland. Anyone in this sort of business ? What do you think ? Comments welcome

If you open one give me a shout I'm in the market for an old european cut..

Muchas gracias.

ukal123 · #5 28.03.2011, 19:04

I have close contacts to the dealers in Antwerp so the amount of money you would spend on the petrol to get there youl give me instead..

I already sell diamonds to people i know privately, so anyone needing one
please message me.

Thanks

And then again any tipps please post

HollidayG · #6 28.03.2011, 19:14

How to you plan to market your diamonds?

It seems that most money for business in Switzerland is
for real estate and personnel.

desperate · #7 18.09.2011, 20:26

	Quote:	ukal123
	I have close contacts to the dealers in Antwerp so the amount of money you would spend on the petrol to get there youl give me instead.. I already sell diamonds to people i know privately, so anyone needing one please message me. Thanks And then again any tipps please post

Is it true that Iran was a smuggling route for blood diamonds from Africa and that you could (still can?) buy diamonds a lot cheaper in Iran than elsewhere?

#8 18.09.2011, 20:38

	Quote:	desperate
	Is it true that Iran was a smuggling route for blood diamonds from Africa and that you could (still can?) buy diamonds a lot cheaper in Iran than elsewhere?

No, youre thinking of Dubai and Qatar (which is why Iran buys 90% of their stones from the UAE and everyone was pushing to build diamond polishing centers in Qatar 10 years ago)..... Dubai doesnt even look at the KP documents today. Easiest place in the world to buy and sell roughs.

dino · #9 28.03.2011, 22:54

	Quote:	ukal123
	I am thinking of opening a Store in Zurich which would offer Diamonds to much cheaper prices then is offered on Bahnhofstrasse... and maybe even eventually supply the whole of Switzerland. Anyone in this sort of business ? What do you think ? Comments welcome

I'm sure the Swiss jewelers' cartel will have some comments for you.

as for me, I think diamonds have little intrinsic value, and consumers pay essentially for their scarcity. 'Cheap' is certainly not something that recommends a diamond. Most Swiss in any case believe that higher prices imply higher quality...

miniMia · #10 29.03.2011, 00:30

I have a friend who is a jewelry designer and goes every year to the Basel Watch and Jewelry show and buys if he finds what he wants. Most likely from dealers he knows or has seen around the show. You might look into getting a stand there. Maybe?

Nil · #11 29.03.2011, 08:13

	Quote:	ukal123
	I am thinking of opening a Store in Zurich which would offer Diamonds to much cheaper prices then is offered on Bahnhofstrasse... and maybe even eventually supply the whole of Switzerland. Anyone in this sort of business ? What do you think ? Comments welcome

It depends if people are responsible buyers or not. If you have cheap diamonds, what are their quality?

But for me, more important, where are they from? Cheap means cheap labor (aka slavation) or a big cut of expenses somewhere.

I refuse to buy any diamonds from Africa. But this is me.

grumpygit · #12 29.03.2011, 08:50

	Quote:	Nil
	It depends if people are responsible buyers or not. If you have cheap diamonds, what are their quality? But for me, more important, where are they from? Cheap means cheap labor (aka slavation) or a big cut of expenses somewhere. I refuse to buy any diamonds from Africa. But this is me.

That is a very important point, if you plan to trade in diamonds and presumably you are aware of the kimberley process, how can you guarantee the diamonds you sell are not blood diamonds?

grumpygit · #13 29.03.2011, 08:52

Incidentally, just as an observation, with a public profile of zero information and joined in jan of this year, asking people if they are interested in buying high value gem stones may require you to be a bit more forthcoming about your background. Just an observation.

Petit Jolie · #14 29.03.2011, 10:16

Quote:

Nil

It depends if people are responsible buyers or not. If you have cheap diamonds, what are their quality?

But for me, more important, where are they from? Cheap means cheap labor (aka slavation) or a big cut of expenses somewhere.

I refuse to buy any diamonds from Africa. But this is me.

Africa is a continent not a country. The continent houses 7 of the worlds top 10 diamond producing countries. An estimated 65% of the world's diamonds come from Africa.
If one refers to conflict/or blood diamonds in Sierra Leone & Angola (countries), I agree with the above statement.

http://topforeignstocks.com/wp/wp-co...-producers.gif

Diamonds are priced according to Cut
The beauty of a diamond resides not only in a favorable body color, but more importantly in its optical properties

Color, Clarity, Carat Weight, Table Width, Total Depth, Pavilion, Culet, Fluorescence, Symmetry, Polish (and markup)

grumpygit · #15 29.03.2011, 10:18

were drifting here a little. the main point for me was, would you buy a diamond off somebody new on a forum without any assurances (including wether it was nicked or not) or not?

Nil · #16 29.03.2011, 10:32

	Quote:	Petit Jolie
	Africa is a continent not a country. The continent houses 7 of the worlds top 10 diamond producing countries. An estimated 65% of the world's diamonds come from Africa. If one refers to conflict/or blood diamonds in Sierra Leone & Angola (countries), I agree with the above statement. http://topforeignstocks.com/wp/wp-co...-producers.gif Diamonds are priced according to Cut The beauty of a diamond resides not only in a favorable body color, but more importantly in its optical properties Color, Clarity, Carat Weight, Table Width, Total Depth, Pavilion, Culet, Fluorescence, Symmetry, Polish (and markup)

Yes, why my statement. I won't take the risk to buy a diamond from Africa (as a continent). If it comes from Sierra Leone it can be written it is for an other country to ''hide'' where the diamond is coming from.

stage man · #17 05.04.2011, 05:07

	Quote:	ukal123
	I am thinking of opening a Store in Zurich which would offer Diamonds to much cheaper prices then is offered on Bahnhofstrasse... and maybe even eventually supply the whole of Switzerland. Anyone in this sort of business ? What do you think ? Comments welcome

so as anyone come close to answering your question?

#18 26.06.2011, 23:00

	Quote:	ukal123
	I am thinking of opening a Store in Zurich which would offer Diamonds to much cheaper prices then is offered on Bahnhofstrasse... and maybe even eventually supply the whole of Switzerland. Anyone in this sort of business ? What do you think ? Comments welcome

Do you have an actual business plan? I think this is very simplistic. Unless youre Dan Gertler or Lev Leviev it wont be easy. We have a system like this but pay $300k per year just for our license..... If you cant source your stones then youre out of 300k. They dont give you free trials in this game.

The current system makes sure that all parts of the value chain earn the same amount of money. A 50/50 split of the profit margins. So you would effectively have to source youre own roughts, take them to India for cutting and polishing (costs 1/10th the price of Isreali stones) unless you want to go to one of the new cutting centers being set up in Qatar?

But it depends on what kind of stuff you want to deal in? If you want just high quality gem stones you will have to focus on mainly Botswana for sourcing them and NY or Geneva for cutting/polishing. If you want to deal with higher margin things like Garbage Walmart quality stones (black diamonds, champagnes, industrials etc...) then it would be easier, less travel time, and less people wanting to get their part of the value chain. Thats because the Opera house does most of the dirty stuff. Stay away from Rosey Blue though. Go for the smaller guys.

If you want to do this you will really have to be vertically integrated and compete with those who have real connections.

As for all these people on this site who say they wouldnt buy "African Stones" trust me, they own African diamonds. Its all the same once the parcel is opened at the cutters desk. The only difference is who is the sorter (Gem, reject, or industrial)..... Some of these wankers have day dreams about saving the world but could never admit that Apple Computer is fund the war in Goma by way of their demand for Coltan.

The blame always goes to diamonds. Normally from people who dont know anything about them.

Anthony1406 · #19 26.06.2011, 23:24

I got my diamond from Antwerp straight from a big Jewish lady. I asked if I could get a certificate and she laughed. Told me there is no such thing as a "clean"diamond and that it is just a trick once again for the consumer. I always kinda figured that in the back of my head but there it was confirmed.......