#1 Quality of Diamonds
According to Investopedia, the Four Cs—Carat, Cut, Clarity, and Color—serve as industry standards for determining a diamond’s quality. In addition to these, the source of diamonds and their certification by recognized gemological laboratories add another layer of assurance. A certificate of authenticity, usually from trusted gemological laboratories, is often a must-have when considering high-quality diamonds.
#2 Design Variety
Businesses should seek suppliers that offer a diverse range of designs encompassing various styles such as vintage, contemporary, and custom designs. For instance, a broader range allows businesses to cater to different market segments and personal tastes more effectively. The availability of a wide array of designs can be a significant advantage for businesses looking to capture a more extensive customer base.
#3 Minimum Order Quantity (MOQ)
For businesses that are either newly established or prefer to maintain a low inventory, MOQ can be a deciding factor. Too high of a MOQ could lead to overstocking and financial strain, while too low might not justify the shipping and handling costs. It’s essential for businesses to find a balance and align it with their inventory turnover rates and capital investment capabilities.
#4 Payment and Shipping Terms
From credit terms to late fees, a clear understanding of the payment schedules and conditions can prevent unforeseen financial challenges.For example, shipping terms, including freight costs and delivery timelines, can dramatically impact inventory planning and customer satisfaction. A thorough vetting of these terms, preferably in written contractual form, is highly recommended for smooth business operations.
#5 After-Sale Services
According to Science Direct, after-sale services come into play and can significantly impact customer perception and loyalty. Rexjewel’s effective after-sale service system is an invaluable asset, providing an additional layer of security and assurance for businesses and, in turn, for our customers. Businesses should look for suppliers that offer comprehensive after-sale services to ensure a long-term, successful partnership.