Diamonds are a very unique product, so determining the price at which they are sold and purchased is not the same as determining the price of other products. Diamonds are one of the raw materials used in the jewellery industry, and there are many processes that go from the mining of diamonds to the final inlay of jewelry. The logic behind setting the price of a diamond is different from the logic behind setting the price of a consumer product. The price of consumer goods is often affected by raw materials, although in most cases the material has only a minimal impact on the final price. However, determining the price of a cut diamond takes into account the price of the rough, and the price of the rough itself is also affected by the cut diamond. This effect is mutual and bidirectional. Factors that must be considered when pricing consumer goods are raw materials, labor, local taxes, and various costs. Once a consumer product enters the sales chain, it means achieving its profit at each stage. The goods are circulated from the manufacturer to the wholesaler to the retailer, and the retailer is the party that ultimately decides to sell the price. Supply and demand rules must also be considered as they also affect prices. Diamond pricing However, compared to consumer goods, diamond prices are affected by more factors. The world's roughs have been mined from polished to diamonds, and the market chain has been quite long, including middlemen, rough wholesalers, rough retailers, and manufacturers of rough diamonds into polished diamonds. Once the diamond leaves the polishing plant, it enters the rest of the market chain, including cut diamond wholesalers, middlemen and retailers. These retailers are usually jewellery manufacturers or stores who determine the price of a single piece of jewelry and will sell diamonds to end customers. A diamond has gone through a long and complicated process in reaching the end consumer, but we must keep in mind that unlike other consumer products, diamonds are not subject to the "shelflife" limit. As the saying goes, diamonds It is eternal. Cutting diamond pricing The price of cut diamonds is mainly affected by two factors: first, the polisher of the diamond, the price of the diamond manufacturer; second, it is also the price difference that the polished diamond is sold to the end consumer. The final price of a polished diamond is affected by many factors. Everyone often analyzes the consumption boom because these data, the geographical distribution of consumers, the socio-economic segmentation, etc., imply a fashion trend. Another factor affecting the price of the terminal is the metal material used in the jewelry. Over the past few decades, we have witnessed various forms of polished diamond price lists. These price lists are the main indicators of the wholesale diamond trade, and are also important reference materials for the original stone price list and the end consumer price list customization. The main considerations in the development of the price list are the 4Cs of diamonds, namely cut, color, carat and clarity. Raw stone pricing There is also a difference between polished diamond pricing and rough stone pricing. The latter will take into account the wholesale price of polished diamonds and other related factors when pricing, although sometimes it is not the case. The price of rough stone is mainly determined by the mining company. The mining company will consider the production cost. Of course, it will also take into account the profits that the polished diamond manufacturer can obtain from the polished diamond wholesaler. The original stone benchmark price will take into account the depreciation price and cost incurred in the production process. In order to determine the profit that can be obtained from the polished diamond manufacturer, the rough producer also implemented a set of price assessments. Based on their experience in this field, diamond mining is usually sold to bidders or directly to many manufacturers. In certain cases, the output of a single diamond mine will be sold at a lower price, although the latter is always higher than the production cost. Supply rules play a role in this situation, just as they do in other market chains. Therefore, the price of rough stone is also affected by the price of polished diamonds. The interrelationship between prices is not complete, and sometimes the price of rough diamonds is even higher than the price of polished diamonds made by their peers, influenced by the needs of diamond manufacturers and traders. to sum up The path that a diamond experiences from the time it is mined to the end of the end consumer is longer and more complex than other consumer goods. The price of a polished diamond will be negotiated between the diamond manufacturer and the polished diamond wholesaler, and the wholesaler and retailer must also consider the price that the end consumer can afford. The original stone benchmark price is determined by the price that the wholesaler is willing to pay for processing the product. However, depreciation price, cost, supply rules, etc. are also important factors. Since diamonds are not considered to be consumer goods, the factors that affect their prices are often not directly related to production and manufacturing. Diamond prices are also quite sensitive to rumors that the market is rumored to be facing supply shortages. Just as the global political and financial situation, the stock market, and bond trading rates, etc., any metal price fluctuations used to make jewelry will also affect price prices. These factors have jointly affected the supply and demand of the diamond industry, which has turned into a price list. Obviously, the pricing logic of diamonds is different from that of consumer goods, which explains the old adage "to think about things like diamond dealers." Note: Non Medical Kn95 Face Masks,Kn95 Face Cover,4 Layers Earloop Face Masks,Disposable Kn95 Face Masks Suzhou Ruihan Automation Technology Co. LTD , https://www.ruihansz.com
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