Purchasing Executive – Loose Diamonds

# Job Description: 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.