Wholesale Gem Jewelry: How Are Gems Priced By Wholesalers?

Different wholesalers may have different ways of pricing their wholesale gem jewelry but one thing is for sure, these people play by the rules when it comes to determine the value of their stones. If you are one of those people who are contemplating on putting up your own business selling jewelry, you need to learn a lot of things about wholesale gem jewelry and designer gem jewelry before you start your own business. Remember that setting up a business can cost a lot of money and if you are careful, you could end up losing your money during the first few months of operations. Luckily, if you know how to buy wholesale gem jewelry and sell these things on retail for a profit, you will have bigger chances of making it big in this business. To give you some ideas on how dealers and suppliers price their wholesale gem jewelry, here are some important bits of information for you.

Rarity Commands Higher Price

Wholesale gem jewelry dealers understand how the uniqueness of certain gemstones can influence their prices. Hard to find gem jewelry stimulates the interest of the buying public and force the prices of these hard to find objects up. Take the case of the red garnet and the ruby for instance. Although red gargets are very attractive, wholesale gem jewelry that features garnets are not as expensive as those pieces of with rubies in them. In fact, wholesale gem jewelry with rubies in them is very rare. Rubies are often sold by piece and not on wholesale. Why is that? Extracting rubies from the bowels of the earth is a difficult business and most of the places where these rubies are found are not readily accessible to humans. In fact, many ruby mines are located in politically unstable countries thereby making it more difficult to extract these gemstones and sell it in the market.

While rubies are rare, garnets are easy to find and they are always available in great abundance. As it is, the garnet does not command such high price as the ruby. There are plenty of merchants out there that are offering wholesale gem jewelry that are make with garnet stones.

Real Versus Synthetic Gemstones

Synthetic gemstones are a lot cheaper compare to those real ones. Those diamonds that are manufactured in laboratories are way cheaper than those diamonds that are extracted from the mines in Africa. Yes, the quality of these diamonds may not vary that much but the fact that it takes a lot of time and efforts to mine natural diamonds make these natural diamonds utterly more expensive than ever.