Diamond Procurement

Job Title: Diamond Procurement Executive Department: Procurement / Supply Chain Reporting To: Procurement Manager / Head – Procurement Job Summary We are seeking a knowledgeable and detail-oriented Diamond Procurement Executive to manage the sourcing and procurement of certified diamonds. The ideal candidate must be a graduate with IGI or GIA certification and possess hands-on experience in diamond buying, grading, pricing, and vendor management . The role requires strong market knowledge, negotiation skills, and the ability to procure high-quality diamonds at competitive prices while maintaining company quality standards. Key Responsibilities Procurement & Sourcing - Source and procure certified natural and/or lab-grown diamonds based on business requirements. - Evaluate diamonds for quality, cut, color, clarity, carat weight, and pricing. - Negotiate pricing, payment terms, and purchase agreements with suppliers. - Develop and maintain strong relationships with diamond manufacturers, wholesalers, and vendors. - Identify new sourcing opportunities and reliable suppliers. Diamond Evaluation - Verify and assess diamonds using IGI/GIA grading standards . - Ensure all purchased diamonds meet company quality specifications. - Authenticate diamond certifications and maintain quality documentation. - Stay updated on market trends, pricing fluctuations, and industry developments. Vendor Management - Build long-term relationships with suppliers and negotiate favorable commercial terms. - Evaluate vendor performance based on quality, pricing, and delivery timelines. - Coordinate with vendors to ensure timely procurement and deliveries. Inventory & Documentation - Coordinate with inventory and merchandising teams for stock planning. - Maintain procurement records, purchase orders, invoices, and certification documents. - Ensure accurate inventory reconciliation and stock reporting. - Prepare procurement MIS and purchase reports. Market Research - Monitor domestic and international diamond markets. - Analyze price trends and competitor sourcing strategies. - Recommend cost-effective procurement strategies to management. Required Qualifications & Experience - Bachelor's degree (Graduate) is mandatory. - IGI (International Gemological Institute) or GIA (Gemological Institute of America) certification is mandatory. - 2–5 years of experience in diamond procurement, diamond buying, or diamond merchandising. - Experience in sourcing certified natural and/or lab-grown diamonds is preferred. Required Skills - Strong knowledge of diamond grading (4Cs – Cut, Color, Clarity, and Carat). - Hands-on experience in diamond buying and procurement. - Excellent negotiation and vendor management skills. - Strong understanding of diamond pricing and market trends. - Good analytical and decision-making abilities. - Proficiency in MS Office (Excel, Word) and inventory/ERP systems. - High attention to detail and accuracy. - Excellent communication and interpersonal skills.