Uncovering Wholesale Jewelry Suppliers
Retail jewelers may develop their network of wholesale jewelry and gem suppliers in various means. Trade shows are a excellent technique to find new vendors and community with other jewelry experts. Plus, many trade shows and market events now feature helpful jewelry seminars and conventions, supplying an opportunity for merchants and sellers alike to expand their understanding and find out about fresh and revolutionary techniques to develop their firms.
Industry associations such as American Gem Society (AGS) http://www.americangemsociety.org/
, Jewelers of America (JA) http://www.jewelers.org, American Gem Trade Association (AGTA) http://www.agta.org/, Diamond Dealers Club (DDC) http://www.nyddc.com/, POG community http://www.polygon.net, and others, in addition to wholesale jewelry buying groups, like Continental Buying Group (CBG), BIG Buying Group and Retail Jewelers Organization (RJO) can also be handy sources. Members of jewelry trade groups often consist of both retail jewelers and wholesale jewelry, gem and diamond suppliers. Buying organizations not only enable locate respected wholesale jewelry providers, but additionally present chances for better pricing simply because the group buys together and thus commands more overall buying power. On the other hand, functioning with a buying group can sometimes reduce your choice and selection of items as you are working with a select crew of wholesale jewelry vendors.
Sourcing wholesale jewelry and locating new suppliers on the internet is one of the most reliable and powerful ways for retail jewelers to develop their wholesale jewelry supply chain. With a plethora of information available at your fingertips 24/7, it is much easier than ever to find new and hot products and suppliers.
Websites such as Polygon.net, a membership-based online network regrouping 2,800+ qualified gem and jewelry professionals, make, it straightforward for wholesale jewelry suppliers to add their total catalogues online and feature sales and special items. Subsequently, it is quick and easy for retail jewelers to identify suppliers and examine pricing and offers, guaranteeing they continually obtain the best prices; which implies better margins on their retail price tags. And hooking up with other jewelry individuals allows you to keep a pulse on what’s hot, discover who the best suppliers are and get hints that will support you in your business.
Most retail jewelers nowadays utilize numerous assets to source Wholesale Jewelry, gem and diamonds. With consolidation in the market, more and more openness in the market (pricing, suppliers, etc) and intense competition, retailers need to be smart when it comes to getting and functioning with new vendors. It is more essential than ever to make sure you’re working with the right wholesale jewelry suppliers. This is key to any profitable retail jeweler’s approach.