What is the main reason for the large price difference of diamonds?

There are definitely many reasons why you would purchase diamonds or diamond jewelry. Perhaps because you are engaged, I hope to prepare a beautiful engagement ring for your significant other. Perhaps you would like to consider diamonds as your future investment direction. No matter what your motivation is, you definitely hope to get the most affordable price. Quality and price must be proportional.

Two almost identical engagement rings with diamonds of the same grade, why are they more expensive here than in another jeweler? What the hell is going on here?

Most diamond dealers can earn high profits on every piece of jewelry. Profit can sometimes reach as high as 50% or 70%. This is usually not due to personal reasons, but rather out of necessity. These diamond dealers need to spend a lot of money on the following aspects; Large inventory, organizing exhibitions, expensive marketing activities, and insurance and maintenance issues for exquisite shops.

Ring met peer diamond: een vlovingsring die u online kunt kopen. - BAUNAT

The second reason for the large price difference is the distance and intermediaries required to purchase diamonds or diamond jewelry. If you need to go through many intermediaries to purchase diamonds, the cost will definitely be higher. Because intermediaries also need to charge their profits. As the ultimate consumer, you will also need to pay more as a result.

After being mined, diamonds will be cut. The local diamond trading association purchases these diamonds after they are cut and resells them to other diamond dealers. And these diamond dealers usually purchase diamonds based on specific colors or sizes. Afterwards, they will sell these diamonds to auction houses, which will then sell the diamonds to jewelers. It is obvious that diamond mining takes a long journey to make engagement rings and sell them online.