Diamond Procurement

Mumbai

**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.