Why are our prices so low?

 
GemsNY is a leading wholesaler of loose rubies, emeralds and sapphires with No Middle Man. We have direct contracts with gemstone rough mining companies and have our own manufacturing facilities, where we cut and polish our gemstones. Removing the middle men from the supply chain allows us to offer 60%-80% savings off of retail jewelry store prices. See below how gemstones typically move through the supply chain:
 
Gemstone Supply Chain Example (2ct AAA quality)
 
  Mining Companies Manufacturing Companies Dealers Retail Jewelry Store Customers
 
  Mining Companies
 Manufacturing Company
 Dealers
 Retail Jewelry Stores Retail Jewelry Stores
Sample Procurement Cost $2,000 $2,500 $3,000 $6,000 $15,000
 
Channel Description Own large mines where "rough" rubies, emeralds, sapphires are found. Takes workers 1 month many times to find a quality gemstone. Purchase "rough" gemstones directly from mines. Rough is then cut, faceted and polished. Purchase from manufacturing companies and stock large inventory of gemstones. Gemstones are sorted into parcels ready to be sold to jewelry stores. Jewelry stores typically procure gemstones from dealers. Typical mark-ups are 200-300% their procurement cost. Purchasing with GemsNY can save customers 60%-80% off of retail jewelry store prices.