Diamond supplier to independent jewellers

Independent jewellers, designer-makers, small online jewellery brands and repair workshops.

You sell stones at a trade margin over your buying price. Regular repeat orders and sourcing requests are the main income.

• Strong diamond grading knowledge
• Negotiating with suppliers
• Building long-term trade relationships

• Anti-money laundering rules: check whether you need to register with HMRC and what customer checks apply
• Trade credit risk, so check how you handle late payment and returns on approval stones
• Check sourcing, sanctions and disclosure rules for natural, lab-grown and treated diamonds
• Stock and transit insurance, and secure delivery when posting or couriering high-value items
• Margins can be thin and prices move, so avoid holding more stock than you can fund

Estimates suggest startup costs are typically around £5,000 to £25,000, depending on the range of stones you hold and how you fund stock. Sourcing stones on request rather than holding them may change what you need.

Estimates suggest monthly revenue is typically around £3,000 to £15,000, depending on the number of jewellers you supply and the value of the stones sold. The estimates start from around 15 hours a week.

Check whether you need to register with HMRC and what customer checks apply under anti-money laundering rules. Also check sourcing, sanctions and disclosure rules, how you handle late payment and returns, and stock and transit insurance.