The specification a supplier publishes tells you what they sell. The terms tell you what it is like to do business with them, and for an independent the terms usually matter more.
Striliant is a diamond marketplace in Canada, offering a variety of natural and lab-grown diamonds. They provide bespoke jewellery, including engagement rings, bracelets, earrings, and necklaces. The company emphasizes quality, offering diamonds ranging from D to J in colour and VVS1 to SI2 in purity. Striliant also provides benefits such as long-term memo options, extended payment terms, same-day delivery in specific regions, no minimum order size, and custom-made lab-grown diamonds. Their locations include Surat, Mumbai, New York, and Vancouver.
Why memo is the first term to read
Long term memo means the supplier carries the inventory risk while a stone sits in your case. That is the single most valuable thing a diamond supplier in Canada can offer an independent, because it lets a store show goods it could not afford to own outright. Extended payment terms do something similar at a smaller scale, moving the cash outlay to after the sale rather than before it.
What no minimum order size is worth
It sounds like a small concession and it is not. A minimum order forces a retailer to buy depth they do not need in order to get the one stone a customer actually asked for. Removing it means sourcing to the order, which is how a jeweller keeps capital in the business rather than in the safe.
Reading a colour and clarity range
A supplier offering D to J colour and VVS1 to SI2 clarity is covering the commercial middle of the market rather than the extremes, and that is the right range for most Canadian independents because it is where customers buy. Be careful comparing quotes across that range without comparing the grading laboratory as well. The same stone can carry different grades from different labs, and the price difference will look like a bargain when it is nothing of the sort.
Delivery promises and where the stock sits
Speed is only a benefit if the goods are near you. A company with offices in Surat, Mumbai, New York and Vancouver is structured so that manufacturing sits in one place and customer facing stock in another. Ask which location would serve your orders before counting on a turnaround promise, and ask who pays freight and insurance in both directions.
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Author: Canadian Jeweller Editorial Team
The editorial team of Canadian Jeweller Magazine, Canada’s jewellery industry publication since 1879. We report on retail strategy, diamonds and gemstones, watches, precious metals, technology, and the business of jewellery across Canada. Editorial inquiries: editor@canadianjeweller.com.
