Founded in 1978, Spence Diamonds has retail areas throughout Canada in Vancouver, Calgary, Edmonton, Toronto and rather soon in The big apple. Spence Diamonds’ unique method to company allows its customers to quickly try out countless various ring designs from their open precious jewelry showcases, in a relaxed and non-intimidating environment. With business’s high degree of vertical integration, Spence Diamonds is pleased to provide its clients the best possible value and the marketplace’s most comprehensive guarantee. Even even more information on Spence Diamonds, Canada’s biggest Canadian-owned diamond expert, can be found at spencediamonds.com.
Noticeably Better Diamonds, Obviously Better Prices
Harvard Business School calls it “vertical integration,” however back when they were designing it, Doug Spence, creator of Spence Diamonds, and Sean Jones, CEO of Spence Diamonds, called it “looking for the headwaters of the Nile.”.
Yes, Doug Spence and Sean Jones felt they were explorers like Burton and Speke, or Stanley and Livingstone, as they permeated the dark jungle of diamond wholesalers, brokers, representatives and consortiums trying to find image source the sought after “very first appearance” position.
It took Doug and Sean 11 years to make the position that would permit them to provide the world’s most lovely diamonds at the world’s least expensive cost.
Since our Spence diamond purchasers are the very first to see the newly-cut diamonds each day, this is possible just. Put five hundred expert diamond purchasers in a space filled with diamonds and they’ll all pick specifically the very same stones. The very best diamonds go to the purchaser who gets “very first appearance.”.
Right here’s exactly what it requires to win “very first appearance”:.
1: Always, constantly, constantly do specifically what you stated you would do.
This is very essential when you’re asking approval to analyze, get and carry gems worth $850,000 an ounce. Spence won approval into the inner circle in simply 11 brief years, a record.
2: Be able to pay completely right away.
The rate goes up if you ask for even 24 hours to pay. Due to the high expense of diamonds, time is rather actually cash in the diamond-cutting company. The quicker a diamond cutting residence makes money for their freshly-cut diamonds, the quicker they can reinvest that cash in rough diamond crystals that have to be cut and polished.
3: Have a diamond purchaser standing by at all times.
Spence is the only business going to fulfill all 3 requirements.
If we had to provide a huge chain of precious jewelry shops in shopping centers, we could not do it either. The bureaucracy of these huge companies – and the sheer volume of diamonds they need – makes it difficult for them to purchase diamonds like Spence Diamonds.
The Spence diamond purchaser gets very first take a look at the freshly-cut diamonds every day, since Spence is the only business going to supply a purchaser who can pay on the spot. The diamonds we leave are offered to brokers who offer them to wholesalers who offer them to dealerships who offer them to business diamond purchasers who send them to their shops around the globe. And each of the intermediaries who touches the diamond includes a little markup.
spence diamonds houston gets rid of all these intermediaries so you can get very first appearance diamonds at the most affordable possible cost. (Quality for quality, our cost is normally 16 to 19 % much better.).
Our a number of thousand prototype engagement rings are on display in each of our 7 brick-and-mortar display rooms. We ‘d have even more than $112,000,000 invested in stock and the lugging expenses would compel us to raise our costs if each of these was strong gold with actual diamonds. We constructed a state-of -the-art production center that permits us to produce precious jewelry on need.
Harvard calls it “just-in-time stock ” and “best vertical integration.”.
We call it “low overhead” and “no intermediaries.” Our customers win.
Diamond Cut– the most crucial of the 4Cs:.
The radiance of a diamond will be identified by its cut.
The science is remarkable: light is collected with the table, then bounced from aspect to facet within the diamond as though it were in a home of mirrors. The easy reason that 99.71 percent of all diamonds are cut improperly is since diamonds are offered by weight and at $850,000 an ounce, there is effective temptation to fudge the positioning of the features so that the completed diamond will be heavier. The diamonds that are cut correctly are the ones whose natural shape makes it possible for the diamond cutter to optimize their weight without misaligning any elements.
And now you comprehend why Doug Spence and Sean Jones made it their life’s work to attain “very first appearance” position. The purchaser who gets “very first appearance” at the freshly-cut diamonds will constantly select the ones whose natural shape made it possible for them to be cut for optimum luster. Which, gentle reader, is the pedigree of every Spence diamond.
Every Spence diamond is cut properly – for optimum shimmer – due to the fact that Spence diamond purchasers constantly get “very first appearance.”.
With the business’s high degree of vertical integration, Spence Diamonds is happy to provide its clients the finest possible value and the market’s most thorough assurance. Even more details on Spence Diamonds, Canada’s biggest Canadian-owned diamond expert, can be discovered at spencediamonds.com.