Purchasing Executive - Loose Diamonds

Purchasing Executive - Loose Diamonds

Company: Grown Diamond Corporation

Location: BKC, Mumbai

Experience: 5+ Years

Salary: 6-8 LPA

Work Mode: On-site

Working Days: Monday to Saturday

Working Hours: 10:00 AM to 6:00 PM

About the Role

We are looking for an experienced and detail-oriented Purchasing Executive - Loose Diamonds to manage diamond procurement, inventory, supplier coordination, pricing, and purchase execution. The ideal candidate should have hands-on experience in loose diamond purchasing, a strong understanding of diamond quality and grading, and the ability to coordinate with internal teams to ensure timely procurement and optimal inventory management.

Key Responsibilities

• Diamond Procurement: Assist in purchasing loose diamonds according to client requirements, quality specifications, sizes, shapes, colors, and budget.
• Inventory Management: Monitor and maintain diamond inventory levels, ensuring availability of the right stock to meet business requirements.
• Pricing & Negotiation: Support purchase pricing decisions, negotiate with suppliers, and ensure cost-effective procurement to maximize profitability.
• Market Research & Analysis: Analyze customer buying patterns, monitor diamond market trends, and recommend appropriate pricing adjustments.
• Supplier Coordination: Develop and maintain positive relationships with diamond suppliers and vendors to ensure timely delivery and quality standards.
• Internal Coordination: Coordinate with the factory, management, sales, marketing, and operations teams to ensure smooth procurement and stock movement.
• Diamond Quality & Grading: Maintain updated knowledge of diamond quality, grading, shapes, colors, sizes, and availability.
• Order & Assortment Management: Coordinate with the order sheet, assortment, and bagging teams to ensure accurate order processing and timely execution.
• Pricing Charts & Product Development: Prepare quality-wise diamond price charts for the marketing team and coordinate with designers regarding diamond sizes and specifications required for product development.
• Sales Team Support: Educate the sales team on diamond grading, quality specifications, stock availability, and pricing.
• Customer Coordination: Support customer requirements related to diamond quality, sample selection, and sample approval.
• MIS & Reporting: Prepare purchase reports, inventory statements, pricing updates, and other MIS reports related to the diamond division.
• Budget Support: Assist management in preparing departmental budgets and monitoring procurement costs and inventory movement.

Qualifications & Skills Required

• Graduate in Business Administration, Supply Chain Management, Commerce, or a related field.
• Minimum 5 years of relevant experience in purchasing, procurement, or diamond sourcing.
• Hands-on experience in loose diamond purchasing or trading is highly preferred.
• Good understanding of diamond grading, quality, shapes, colors, sizes, and pricing.
• Knowledge of inventory management, stock control, and supply chain operations.
• Strong negotiation, analytical, and decision-making skills.
• Proficiency in MS Excel, Microsoft Office, and inventory or purchasing systems.
• Excellent communication, coordination, and organizational skills.
• Ability to manage multiple priorities and work independently.

What We Are Looking For

A proactive professional with practical knowledge of loose diamond procurement, strong supplier coordination skills, attention to detail, and the ability to support business profitability through effective purchasing and inventory management.

Required Skills

Jewellery Purchase Purchase Order Management

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.