Purchasing Manager

Company Description

DiamondXE is India's first Online Natural Diamond Exchange, founded by esteemed industry leaders Ms. Deepali Vijay Jain and Mr. Ashish Vijay. Headquartered in Mumbai, we offer a comprehensive e-commerce platform featuring over 800,000 certified Natural and Lab-Grown Diamonds, catering to the diverse needs of suppliers, jewellers, and buyers. Our platform provides a transparent, user-friendly experience with tools such as a Supplier Hub and data-driven analytics, empowering stakeholders to manage inventory and orders seamlessly. Trusted internationally, DiamondXE connects businesses across major diamond markets, including the US, Canada, UK, Europe, UAE, and more. Join us in transforming the diamond trading industry with cutting-edge solutions and an unwavering commitment to transparency and trust.

Job description:

DiamondXE is seeking an expert Purchase Manager to lead our Diamond buying operations in Mumbai. We're looking for someone with a keen eye for quality, a strong network of suppliers, and a clear sense of market trends.

The Role

This is a full-time, on-site leadership position. You will be responsible for sourcing natural and lab-grown diamonds and gemstones, ensuring they meet DiamondXE's rigorous standards of quality and ethical sourcing while maintaining optimal inventory levels.

Key Responsibilities

• Sourcing & Procurement: Source loose diamonds (various shapes/sizes) and gemstones from manufacturers and wholesalers at competitive prices.
• Quality Inspection: Physically inspect and verify stones to ensure they match their grading reports (GIA, IGI, HRD) and DiamondXE's internal quality benchmarks.
• Supplier Management: Build and maintain strong relationships with a reliable network of primary suppliers and manufacturers.
• Inventory Control: Manage stock levels to ensure a healthy turnover, preventing overstocking while meeting the demands of our B2B and B2C sales teams.
• Market Analysis: Monitor global price trends (Rapaport) and supply dynamics to make informed, strategic buying decisions.
• Negotiation: Negotiate credit terms, bulk discounts, and buy-back agreements with vendors.

Candidate Criteria

• Experience: Minimum 7–10 years in diamond procurement/purchasing. Experience in the Mumbai Bharat Diamond Bourse (BDB) ecosystem is highly preferred.
• Technical Expertise: Certified Gemologist (GIA/IGI preferred) with expert-level knowledge of the 4Cs, pricing, and assortment.
• Integrity: Unquestionable professional ethics and a reputation for honesty in the trade.
• Analytical Skills: Strong ability to forecast demand and manage procurement budgets effectively.
• Location: Must be based in Mumbai and willing to travel to manufacturing hubs (e.g., Surat) if required.