Diamond Buying

This information is for buying diamonds the Diamond Bar way. Diamond Bar recommends each diamond buyer receive training in diamond grading from GIA.

1.) Keep several printed copies of the Diamond Buy Sheet in your buying office. Print each sheet double-sided to ensure you have most of the possible diamond plots. This form can be accessed from your Diamond Bar dashboard.

2.) For every diamond over 1/2 ct, follow the Diamond Buy Sheet from the top to bottom, doing each grading step in order.

3.) After step 8, open up the Find My Diamond’s Value Tool in the Diamond Bar dashboard

4.) If there is a GIA number, use the lookup at the top of the page. Otherwise, use the dropdowns to select the correct parameters based on your evaluation and hit “Search Global Diamonds”

Note: if the diamond does not have a grading report, leave the lab as GIA so that you are comparing to GIA-graded diamonds.

Note: The Diamond Bar algorithm searches a range of carat weights and adjusts your pricing based on the specific carat weight of the diamond you are pricing.

5.) Ensure your diamond has 10 comparable diamonds in the global market. In this case, there are 0.

6.) Skip this step if you have 10+ comps

Open up your grading parameters one at a time until you have 10 comparable diamonds. The best place to start is usually fluorescence then cut, polish and symmetry.

In this example, selecting all of the options in each of these resulted in 17 comparable diamonds.

7.) We now see that the average wholesale price as $682.01, and the range we would offer is $267.75-511.51.

8.) Document the parameters you entered in Step 9 on the buy sheet, and document the pricing results in Step 10.

9.) Save the page by selecting the PDF button in the upper right-hand corner of the page.

8.) Follow your store’s policies for determining and documenting your offer price to your client.