Purchase Executive

Job Summary

The Purchase Executive is responsible for sourcing, purchasing, and managing the procurement of diamonds, gemstones, and related materials required for production and business operations. The role involves vendor management, price negotiations, inventory coordination, quality verification, and ensuring timely procurement while maintaining cost efficiency and compliance with company standards.

Key Responsibilities

• Source and procure polished diamonds, rough diamonds, gemstones, and other required materials from approved vendors.
• Develop and maintain strong relationships with domestic and international suppliers.
• Negotiate pricing, payment terms, and delivery schedules to achieve cost-effective procurement.
• Compare quotations, evaluate suppliers, and recommend the best purchasing options.
• Verify diamond specifications, certifications, quality parameters, and pricing before procurement.
• Monitor inventory levels and initiate timely purchases to avoid stock shortages or excess inventory.
• Maintain accurate purchase records, supplier databases, invoices, and documentation.
• Track market trends, diamond prices, and supplier performance to support informed purchasing decisions.
• Resolve supplier-related issues regarding quality, quantity, pricing, or delivery.

Required Qualifications & Skills

• Bachelor's degree in Commerce, Business Administration, Supply Chain Management, or a related field.
• 4-6 years of purchasing experience in the diamond, jewellery, or gemstone industry.
• Strong knowledge of polished and rough diamonds, grading standards, and certification processes. Familiarity with diamond pricing, sourcing practices, and market trends.
• Excellent negotiation and vendor management skills.
• Strong analytical and commercial decision-making abilities.
• Proficiency in Microsoft Excel and ERP/Purchase Management software.
• Good communication and interpersonal skills.