gemstone broker

How to Become a Gemstone Broker

Introduction

If you don’t have unlimited capital and you want to work with gemstones, becoming a broker is the risk-free way to go. Gemstone brokers do not buy and sell gemstones; they simply set up sales between gemstone sellers and potential gemstone buyers. Gemstone brokers make money by charging commission from the buyers and sellers that they matched up. The best gemstone brokers can also evaluate and vouch for the value of the stones that they are selling.

Difficulty: Moderately Difficult

Instructions

Step 1

Earn the Certified Gemologist Appraiser (CGA) title awarded by the American Gem Society. Check their website for information on how to receive this certification. It will involve advanced training and lots of experience with gemstones. With a CGA title, you will have to work for American Gem Society firms, such as jewelry manufacturers and retail stores, to keep you certification. You will also need to recertified annually.

Step 2

Find contacts online. Try using Twitter and Facebook to connect with potential gemstone buyers and sellers. You need to locate entrepreneurs who sell gems. You will then need to connect them to possible buyers.

Step 3

Market yourself. You need to be creative to sell yourself because there are lots of other people out there trying to do the same job. Show that you are honest and reliable and you will find clients.

Step 4

Charge commission. You can charge up to around 20% for gemstones. The higher the cost of the actual stone, the lower the commission because buyers are already spending large amounts on expensive gemstones and don’t want to pay high commissions too.

Step 5

Apply for a job in an established firm. If individual business doesn’t work for you, you can work in a company that already has contacts and marketing taken care of. This will also help you keep your CGA certification.

Warning

Watch out for scams. There are ads that claim to teach you how to become a gemstone broker with a phone and an email account.

Ezine @rticles: Gemstones - How to Broker Your Way to Millions

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