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

• Bachelors 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.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.