At TradersDiamonds.com, we have a dedicated diamond buying team which is constantly looking out for diamonds which are being offered at the best discounts. Every week this team puts together a list of these diamonds and sends it out to our customers. Although we do not encourage our customers to stock diamonds, it is never a bad idea to buy one for your inventory if you are getting it at a great price.
And that is exactly what most jewellers seem to be thinking, if the response to this best buy list is anything to go by. It seems pretty clear that our customers have found this list to be very useful and therefore, this exercise of finding the best diamond deals and sending it to customers has been well worth it. This list has been especially useful in the current market scenario, where diamonds prices have been continuously rising and diamonds at good discounts have been harder to come by.
A lot of jewellers have passed on this list to their regular big –ticket buyers – people who are always looking for a great diamond deal. This way they have also been able to offer an extra service to their customer, without having to expend any effort.
Preparing a list like this is not an easy task. This because Diamonds are difficult to standardize and do not have regular price list like most other commodities in the market. So it requires someone to almost comb through the entire lot of diamonds available in the market. This task is usually impossible to do for the sheer physical effort involved. But thanks to an inventory of 90,000 diamonds from 4,000 manufacturers, TradersDiamonds manages to do the impossible.
We are also working closely with manufacturers to make some special low -priced diamond inventory available to our customers. One such effort was the list of GIA certified Triple Excellent diamonds that we had sent out to our customers last month. Every stone on this list was priced at -42 % back or better. As expected the response to this mailer was great. We will be bringing more such lists to you very soon.
If you want to receive the TradersDiamonds ‘Best Diamond Buys’ list, then you can either go and register on www.TradersDiamonds.com or send us a mail at avnish@tradersdiamonds.com
Happy Diamond Buying
Sphere: Related Content
Thursday, April 23, 2009
Monday, April 13, 2009
The TradersDiamonds Market Update – 13/04/2009
Market Updates are going to be a regular feature on the blog. We keep track of all the international happenings that impact the diamond trade and closely monitor trade activity across major markets. Doing this is extremely important for us as we are involved in a truly global business. Moreover, having a brokerage model, which works on thin margins, makes it imperative that we are always on our toes and react quickly to market changes. We believe that sharing the power of this information with our customers will help them gain a competitive advantage in the market place. So here we are with our first update. We are hoping to create a forum to facilitate two-way exchange of information and hence request your active involvement.
Basel World 2009
We will start with a review of BASELWORLD, which is the biggest luxury goods trade show in the world. The 2009 event saw 1,952 exhibitors from 45 countries showcasing their latest products and innovations. The eight day event which came to a close on 2nd of April once again reaffirmed itself as the leading global business platform for the watch and jewellery industry and gave a fresh lease of life to the various exhibitors.
Expectations were really low for the show this year in wake of the global economic recession. However, the show surpassed all those mediocre expectations. The event was bustling with activity and there was active participation from both buyers and sellers. Although, sales orders dropped down from last year, they were still far higher than waht most participants were expecting. Another measure fo the success was the significant increase in the number of international visitors.
The unexpected turnout and enthusiastic response has raised the morale of the entire jewellery industry. There is new hope and the show participants are forecasting a much better second half of the year. BASELWORLD truly managed to live up to its name once again.
The next year’s event will be held in Basel between 18 to 25th March.
News from the Markets
New York
The New York Market is slowly and steadily picking up. The unexpected success of the Basel show has created an optimistic outlook in the market. Interest in goods has increased and the trade is hopeful that a strong second and third quarter of 2009 will make up for the low numbers in the early part fo the year.
The biggest movement has ben seen for 0.05 to 0.15 cts, whose demand has really picked up. The other categories where demand has improved are the 0.50+ carat fancy cuts. The short supply for Carat sizes and larger in G-K / SI+ has helped in stabilizing the prices for these articles.
Antwerp
Trading has increased to decent levels at the Belgium diamond exchange. This market has also benefited from the positive energy of the Basel Show. Rough buyers who were absent for a long time have started making inquiries again although not much is happening in terms of actual sales as rough prices are still very high. In terms of demand, it is slowly picking itslef up across the board , with no category shoing significant movement.
Mumbai
A rise in local demand has put some life into the maket. So much so that some manufactures are contemplating going in for new production. A few overseas buyers have started making inquiries. Trade experts feel that these are optimistic signs for the market. The highest demand is for round in small parcels of 0.005-0.15 cts, F-J / SI and 80 pointers in F-J / VVS.
We hope that you found the update useful. We will continue to rpovide you with similar news and updates from around the World. Suggestions are welcome to make the update more informative. If you have any questions about diamonds or the diamond trade, then please feel free to ask us.
Thanks
The TradersDiamonds Team Sphere: Related Content
Basel World 2009
We will start with a review of BASELWORLD, which is the biggest luxury goods trade show in the world. The 2009 event saw 1,952 exhibitors from 45 countries showcasing their latest products and innovations. The eight day event which came to a close on 2nd of April once again reaffirmed itself as the leading global business platform for the watch and jewellery industry and gave a fresh lease of life to the various exhibitors.
Expectations were really low for the show this year in wake of the global economic recession. However, the show surpassed all those mediocre expectations. The event was bustling with activity and there was active participation from both buyers and sellers. Although, sales orders dropped down from last year, they were still far higher than waht most participants were expecting. Another measure fo the success was the significant increase in the number of international visitors.
The unexpected turnout and enthusiastic response has raised the morale of the entire jewellery industry. There is new hope and the show participants are forecasting a much better second half of the year. BASELWORLD truly managed to live up to its name once again.
The next year’s event will be held in Basel between 18 to 25th March.
News from the Markets
New York
The New York Market is slowly and steadily picking up. The unexpected success of the Basel show has created an optimistic outlook in the market. Interest in goods has increased and the trade is hopeful that a strong second and third quarter of 2009 will make up for the low numbers in the early part fo the year.
The biggest movement has ben seen for 0.05 to 0.15 cts, whose demand has really picked up. The other categories where demand has improved are the 0.50+ carat fancy cuts. The short supply for Carat sizes and larger in G-K / SI+ has helped in stabilizing the prices for these articles.
Antwerp
Trading has increased to decent levels at the Belgium diamond exchange. This market has also benefited from the positive energy of the Basel Show. Rough buyers who were absent for a long time have started making inquiries again although not much is happening in terms of actual sales as rough prices are still very high. In terms of demand, it is slowly picking itslef up across the board , with no category shoing significant movement.
Mumbai
A rise in local demand has put some life into the maket. So much so that some manufactures are contemplating going in for new production. A few overseas buyers have started making inquiries. Trade experts feel that these are optimistic signs for the market. The highest demand is for round in small parcels of 0.005-0.15 cts, F-J / SI and 80 pointers in F-J / VVS.
We hope that you found the update useful. We will continue to rpovide you with similar news and updates from around the World. Suggestions are welcome to make the update more informative. If you have any questions about diamonds or the diamond trade, then please feel free to ask us.
Thanks
The TradersDiamonds Team Sphere: Related Content
Wednesday, April 1, 2009
Introducing TradersDiamonds.com.
TradersDiamonds.com is the second e-commerce website from CaratLane Trading Pvt Ltd. This comes 8 months after the launch of CaratLane.com, which was India’s first consumer website dealing in loose diamonds and diamond jewellery. The consumer business is up and running and we have managed to change the diamond buying ways of many Indians and some foreigners too. With TradersDiamonds.com, we now plan to change how the diamond trade - the jewellers, brokers and wholesalers go about the business of procuring loose diamonds.
Today, trade members work directly or indirectly with a handful of diamond manufacturers. The diamond options for the jeweller (who is the end customer in the trade business) are limited to the combined inventory of these manufacturers. His price depends on the number of intermediaries between him and the diamond manufacturer. Usually, there are at least two middle-men which results in two more levels of price mark-ups. Procurement involves a lot of back and forth between the buyer and his different sellers before the order can be placed with one of them. This task is cumbersome and time taking.
Life can change for the jeweller with TradersDiamonds.com. He will now have an easy-to-use website where he can simultaneously view the inventory of more than 4000 manufacturers. And that is not all. He can go ahead and place an order and TradersDiamonds will deliver the diamond at his doorstep. The advantages are manifold – more choice, better prices, simple and convenient selection and buying processes and more.
TradersDiamonds.com is restricted to members of the trade only. This is important because the diamond prices on TradersDiamonds.com are trade level prices and far lower than consumer market prices. By restricting access to regular consumer, TradersDiamonds.com ensures that a price differential is maintained between traders’ price and end consumer’s price. It is therefore possible for a trader to buy from TradersDiamonds and compete with even CaratLane.com for a consumer sale. Restriction to trade is ensured by providing user account based access. A verification process confirms whether the potential member belongs to the diamond trade or not.
We have been servicing trade requests for some time now. This was largely done through email and over the phone. The surge in trade enquiries validated our long-held belief that we had a system based on our network of over 4000 manufacturers which could be beneficial not just for regular consumers but for trade members as well. This lead to the conceptualization and subsequent creation of TradersDiamonds.com.
Until now, the benefits had largely been about giving traders a larger choice and better prices. But still the traders needed to come back to us frequently. A consumer requirement involves optimization of various parameters to give the best value for the money spent. This optimization process is iterative and hence the traders kept coming back to us time and again as they tried to find the stone with the best balance of all the parameters. This process was extremely cumbersome. Sometimes the inability to quickly respond to a requirement is the reason for losing the sale.
TradersDiamonds.com will take care of this problem and add to the overall value proposition that we offer. The website empowers the trader with a simple tool which will allow him to instantaneously compare all the available options and respond to customer requirements in almost no time. It is very similar to the way online models have simplified the task of booking airline and railway tickets. We have all the options in front of us and that makes it very easy to decide on the best option.
Online models have forced us to change many of our old ways. We have changed the way we bank, shop and communicate. TradersDiamonds will change the way traders buy diamonds. Sphere: Related Content
Today, trade members work directly or indirectly with a handful of diamond manufacturers. The diamond options for the jeweller (who is the end customer in the trade business) are limited to the combined inventory of these manufacturers. His price depends on the number of intermediaries between him and the diamond manufacturer. Usually, there are at least two middle-men which results in two more levels of price mark-ups. Procurement involves a lot of back and forth between the buyer and his different sellers before the order can be placed with one of them. This task is cumbersome and time taking.
Life can change for the jeweller with TradersDiamonds.com. He will now have an easy-to-use website where he can simultaneously view the inventory of more than 4000 manufacturers. And that is not all. He can go ahead and place an order and TradersDiamonds will deliver the diamond at his doorstep. The advantages are manifold – more choice, better prices, simple and convenient selection and buying processes and more.
TradersDiamonds.com is restricted to members of the trade only. This is important because the diamond prices on TradersDiamonds.com are trade level prices and far lower than consumer market prices. By restricting access to regular consumer, TradersDiamonds.com ensures that a price differential is maintained between traders’ price and end consumer’s price. It is therefore possible for a trader to buy from TradersDiamonds and compete with even CaratLane.com for a consumer sale. Restriction to trade is ensured by providing user account based access. A verification process confirms whether the potential member belongs to the diamond trade or not.
We have been servicing trade requests for some time now. This was largely done through email and over the phone. The surge in trade enquiries validated our long-held belief that we had a system based on our network of over 4000 manufacturers which could be beneficial not just for regular consumers but for trade members as well. This lead to the conceptualization and subsequent creation of TradersDiamonds.com.
Until now, the benefits had largely been about giving traders a larger choice and better prices. But still the traders needed to come back to us frequently. A consumer requirement involves optimization of various parameters to give the best value for the money spent. This optimization process is iterative and hence the traders kept coming back to us time and again as they tried to find the stone with the best balance of all the parameters. This process was extremely cumbersome. Sometimes the inability to quickly respond to a requirement is the reason for losing the sale.
TradersDiamonds.com will take care of this problem and add to the overall value proposition that we offer. The website empowers the trader with a simple tool which will allow him to instantaneously compare all the available options and respond to customer requirements in almost no time. It is very similar to the way online models have simplified the task of booking airline and railway tickets. We have all the options in front of us and that makes it very easy to decide on the best option.
Online models have forced us to change many of our old ways. We have changed the way we bank, shop and communicate. TradersDiamonds will change the way traders buy diamonds. Sphere: Related Content
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