Gem Identification and Grading Service for the Trade

Identify and grade stones sent in by jewellers, pawn shops and dealers who need a reliable second opinion.

Startup costC$5k to C$20k
Monthly revenueC$1k to C$6k
Time needed10+ h/week
First incomeMonths
  • C$5k-20k
  • Part-time
  • From home

Estimates for a small start in Canada, not guarantees.

What it is

A bench-based service where jewellers, dealers and auction houses send or drop off stones for identification, treatment checks and grading, and you return a written report. Most of the work is done at your own lab bench.

Your first three steps

  1. Make a list of local and regional jewellers, dealers and auction houses, and ask what testing they currently send out and how long it takes
  2. Price the instruments you need for common tests and decide what you can reliably identify, and what you would refer to a major lab
  3. Write a simple fee sheet and report template, then offer a few free or discounted trial reports to trade contacts
Who pays

Independent jewellers, dealers, pawn shops, auction houses and online sellers who do not have their own gemmologist.

How it makes money

A fee per stone or per batch, with rush options and monthly arrangements for regular trade customers.

Skills that help
  • Advanced stone identification and grading
  • Using lab instruments confidently
  • Reliable turnaround and record keeping
Watch out for
  • Insurance that covers client stones while they are in your care and in transit, so check this with a broker
  • Courier terms and declared-value limits for valuable parcels
  • Check your province's rules for secondhand dealers and customs rules if you receive stones from outside Canada
  • Be clear in reports about what you can and cannot determine, for example origin or treatment that needs a major lab
  • Building trust with the trade takes time, so expect early revenue to be slow

🔒 Full research report for Canada

Real cost breakdown with current prices, licences and registration checklist, local competition, pricing, break-even and a 30-day launch plan, with sources.

Coming soon

Questions people ask

How much does it cost to start a gem identification service?

Startup costs are typically estimated at around $5,000 to $20,000, depending on the instruments and bench setup you choose and how much you invest in training. Get quotes for equipment before you commit to a budget.

How much can a trade gem identification service earn?

Monthly revenue is typically estimated at around $1,000 to $6,000, depending on how many jewellers and dealers send you work. Building trust with the trade takes time, so early revenue may be slow.

What should I check before taking in stones from the trade?

Check insurance that covers client stones in your care and in transit, plus courier terms and declared-value limits. Also check your province's rules for secondhand dealers and customs rules if stones arrive from outside Canada.

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