Diamond Buyer

Role & responsibilities

We are looking for an experienced Diamond Buyer with strong practical knowledge of diamond grading, pricing, sourcing and supplier management.

The candidate will be responsible for sourcing and purchasing diamonds as per business requirements while ensuring the right balance of quality, price, availability and commercial terms.

Candidates with strong exposure to the Mumbai diamond market and Bharat Diamond Bourse (BDB), along with an established supplier network, will be preferred.

Diamond Buying & Procurement

• Source and purchase natural and/or lab-grown diamonds as per company requirements.
• Evaluate diamonds based on 4Cs Carat, Colour, Clarity and Cut, along with polish, symmetry, fluorescence and proportions.
• Verify GIA, IGI, HRD and other laboratory certificates.
• Compare supplier quotations with prevailing market prices.
• Negotiate prices, discounts, credit terms, payment terms and return/buy-back conditions.
• Maintain strong relationships with diamond manufacturers, wholesalers and dealers.
• Develop new supplier sources and maintain an updated vendor network.
• Monitor daily and weekly diamond market prices and availability.
• Purchase diamonds according to required shape, size, colour, clarity, carat range and certification.
• Ensure purchased stones meet defined quality and commercial specifications.
• Follow up with suppliers regarding deliveries, documentation and pending orders.
• Maintain purchase records, quotations, invoices and certification details.
• Monitor inventory requirements and avoid unnecessary overstocking.
• Prepare purchase MIS, price analysis and supplier performance reports for management.

Preferred candidate profile

• Strong practical knowledge of diamond grading and assortments.
• Good understanding of wholesale diamond pricing and market discounts.
• Strong supplier/manufacturer network in Mumbai/BDB preferred.
• Excellent negotiation and commercial skills.
• Ability to assess quality and value differences between stones.
• Good knowledge of GIA/IGI grading standards.
• Working knowledge of MS Excel and ERP/inventory systems.
• Strong analytical and decision-making skills.
• Excellent communication and relationship-management skills.
• High level of accuracy, integrity and confidentiality.