15+ Best Places to Buy Loose Diamonds in Melbourne, Victoria (2024)

It can be hard to find the right place to buy loose diamonds in a city as big and bustling as Melbourne. But, we've all been there before-- you're looking to buy a diamond solitaire for your significant other, and you need to find the best place to purchase it.

Luckily, plenty of stores offer incredible deals on the perfect gems for engagement rings and anniversary gifts. This blog post will help you find your ideal diamond at an unbeatable price.

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    The Ultimate List of Places to Buy Loose Diamonds for Wholesale in Melbourne

    Temple & Grace -Loose Diamonds, Wedding & Engagement Rings Melbourne

    temple and grace diamonds melbournetempleandgrace.com.au

    0414 500 999

    Loose Diamonds

    H&H Jewellery - Loose Diamonds, Wedding & Engagement Rings


    03 9650 2727

    H&H Jewellery is a reputable family-owned premier Melbourne jeweller with a 40-year history in the industry.

    We offer a variety of Loose Diamonds or other coloured gemstones at competitive market prices with multiple purchasing options based on the Diamond Grading Standard's (the 4c's) - Cut, Color, Clarity, and Carat as the premier supplier of GIA Certified Loose Diamond Wholesaler in Melbourne.

    Buy Loose Diamonds in Melbourne, Australia.

    H&H Jewellery is a premier GIA Certified Loose Diamond Wholesaler in Melbourne, offering a variety of Loose Diamonds or other coloured gemstones at competitive market prices with multiple purchasing options based on the Diamond Grading Standard's (the 4c's) - Cut, Color, Clarity, and Carat.

    H&H Jewellery has been providing the highest quality brilliant loose diamonds to our customers for over 40 years. All diamonds are independently valued, examined by a certified gemologist, and handpicked to meet our exacting standards.

    MDTdesign - Loose Diamonds, Wedding & Engagement Rings

    wedding jewellery shop


    03 9654 6802

    Handmade & Handcrafted Bespoke Diamond Jewellery in Melbourne

    Collaborate with some of Melbourne's best jewellers, designers, and diamond graders to find or create your ideal piece of precious jewellery! MDT design is the place to go if you want bespoke jewellery designs, diamond jewellery, or simply to collaborate with some of the most talented jewellery makers in the world.

    Loose Diamonds for Custom Jewellery Design In Melbourne

    Collaborate with some of Melbourne's best jewellers, designers, and diamond graders to find or create your ideal piece of precious jewellery! MDTdesign is the place to go if you want bespoke jewellery designs, diamond jewellery, or simply to collaborate with some of the most talented jewellery makers in the world.

    Unique Engagement Rings Handmade in Melbourne

    MDT design invites you to explore our engagement rings if you are looking for something unique and striking and want to ensure that you have the best possible quality. We can create an engagement ring that you will adore, or something that will take your partner's breath away if you are purchasing for them.

    Engagement rings are a personal statement that should represent the person who wears them, and we're not just talking about women. Our men's engagement rings are as eye-catching as you want them to be, and we guarantee they will be one of the best things you ever buy for your loved one.

    Steve Pallas Bespoke Jewellery - Loose Diamonds, Wedding & Engagement Rings


    (03) 9602 2158


    Steve Pallas is Melbourne's preeminent award-winning master jeweller. His workshop and showroom in Melbourne's iconic Hardware Lane is the place to go for fine bespoke jewellery. He understands the importance of family and friendship. He understands your relationship with jewellery and the important events in your life.

    An engagement ring is a classic symbol of love and dedication. And for the rest of your life, your carefully selected bespoke engagement ring will serve as a constant reminder of the romance that inspired your unique journey together.

    While the round brilliant cut engagement ring is a definite classic, which type of engagement ring in Melbourne will best reflect your personality and make a style statement that is uniquely yours is entirely dependent on your personal preferences. Apart from an architecturally beautiful round brilliant cut diamond engagement ring, Steve Pallas Bespoke Jewellery can also help you get an engagement ring of any other cut of your choice, such as emerald cut, cushion cut, oval cut, pear-shaped, and radiant cut, to name a few.

    Cerrone Jewellers - Loose Diamonds, Wedding & Engagement Rings


    03 9671 3288

    Cerrone diamonds are brilliant, ethereal, and symbolic. Our diamonds are GIA certified, and they are handled with care and professional vigilance from the time they are discovered until they are offered for sale. Capture your forever with an ethically sourced diamond.

    Our customer satisfaction rates, industry leadership status, and the fact that we were the first jeweller in the nation to receive "The Supreme Diamond Award" from De Beers are all proof of the superior quality of our diamonds.

    Genuine Australian pink diamonds and white diamonds are used to create the exquisite jewellery and diamonds of Cerrone. The rough East Kimberly region of Western Australia is where these priceless diamonds are found.

    Suzi Zutic - Loose Diamonds, Wedding & Engagement Rings


    401 326 887


    A distinctive wedding and engagement ring with an antique flourish. All jewellery is made to order and can be personalised. On request, custom bridal jewellery sets are also available. They're manufactured in Melbourne, Australia.

    Suzi Zutic's jewellery is the result of a long and varied artistic career; in addition to being a jeweller and certified gemologist, Suzi is also an interior designer with a strong foundation in design principles. A sizable body of work that is expressive, eclectic, intricate, and colourful reflects her enjoyment of the creative process. Currently on display in galleries across Australia and New Zealand, her jewellery has been shown internationally.

    Suzi's meticulous hand allows her to indulge her penchant for detail while still achieving a high level of craftsmanship. Her continued dedication to quality and technique has led her to pursue studies in gemmology, diamond grading, and gemstone setting. This, combined with a long history of interest in jewellery making, has resulted in work that employs a wide range of techniques such as enamelling, engraving, the ancient practise of lost-wax casting, stone setting, and gem faceting.

    Suzi's work has ventured into the distant and not-so-distant pasts, employing historical trends and practises as springboards for new work. Her works are playful homages to lost forms and styles. Some of her jewellery appears antique, with roughly shaped wax castings sprinkled with small jewels or adorned in bare metal alone. Other jewellery has been inspired by past religious and royal opulences, with impressive stones or hints of ornate religious iconography. Other pieces were inspired by antique jewellery fashions.

    Perfect Diamond - Loose Diamonds, Wedding & Engagement Rings


    0432 942 948

    Perfect Diamond maintains a steady and consistent supply of premium cut, loose wholesale diamonds. The beauty of a diamond is not only in its colour and clarity; it is also in its overall cut grade, which includes the cut, symmetry, and final polish of the stone. These elements are what make your perfect diamond sparkle. At Perfect Diamond, we only offer the highest quality cut stones, allowing you to confidently sell flawlessly cut diamonds to your customers.

    Perfect Diamond offers a diverse selection of certified wholesale diamonds in a range of carats, cuts, colours, shapes, and clarity, as well as a large selection of loose wholesale Hearts and Arrows Diamonds.

    Perfect Diamond has a comprehensive diamond education section to assist customers in finding the ideal diamond for their needs, whether it's flawless clarity, a dazzling cut, or the ideal shape.

    Joseph George Jewellery - Loose Diamonds, Wedding & Engagement Rings


    03 9654 4894

    Melbourne custom-made engagement rings are designed through collaboration with you.

    Whatever style you prefer, working with Joseph George, a second-generation jeweller with over 40 years of experience, is the best way to get exactly what you want. Throughout the design process, Joseph works closely with each couple to share his extensive knowledge and enthusiasm for the process. This collaboration is an important part of what we do because it means that your handmade engagement ring will look like a dream come true. We also provide contemporary designs for inspiration and new ideas.

    Browse our selection above or contact Joseph George today to get started on your search for the perfect engagement ring. If you are looking for men's wedding rings, we can expertly design anything to meet your specifications. Our personal collaboration process will result in a beautiful and one-of-a-kind creation for you to cherish for the rest of your life.

    Bespoke Wedding Rings For Couples In Melbourne

    Joseph George's wedding rings are as unique as your relationship. Contact Joseph immediately to discuss your preferences and to begin the collaborative process. Make your reservation right here.


    Simon West Fine Jewellery - Loose Diamonds, Wedding & Engagement Rings


    03 9639 1404

    HandMade Diamond Engagement Rings Melbourne

    In the heart of Melbourne, come see our extensive collection of handmade engagement rings. We provide high-quality custom-made solitaires in a variety of shapes and sizes, as well as wedding rings in white, rose, and yellow gold. Explore the desire collection of custom-designed engagement rings on display at Simon West Fine Jewellery. Simon and his team of jewellers will craft the ring of your dreams, from contemporary rings to art deco bands, whether you have a design in mind or not.

    Surprise your soon-to-be life partner with a one-of-a-kind luxury engagement ring, ethically sourced diamonds, and a lifetime workmanship guarantee. All of our stunning engagement rings are handcrafted in Melbourne's historic diamond district, in the Manchester Building on Collins Street. Contact Simon West today to schedule your free engagement ring consultation.

    Wedding Rings Melbourne

    View the exclusive selection of wedding rings from Melbourne's Simon West Fine Jewellery. Simon West will construct it according to your own design. For both men and women, choose between platinum, diamond, or white gold! For the ideal wedding ring that will fit perfectly, go to Simon West's custom wedding ring showroom in Melbourne's central business district. We have no doubts whatsoever that you'll adore our wedding bands.

    Megan Webb Jeweller - Loose Diamonds, Wedding & Engagement Rings


    460 928 137

    Megan Webb and Jenna Steele, who together have over thirty years of experience hand-making fine jewellery, are the owners of Megan Webb Jeweller, a manufacturing jewellery studio in Melbourne. Designed and made specifically for you in Melbourne. To suit your unique needs and price range, each item can be customised. When possible, we use recycled gold, silver, platinum, and palladium, as well as conflict-free diamonds from Australia and Canada, pearls that are ethically sourced, and gemstones.

    We specialise in commitment jewellery, such as engagement and eternity rings, as well as wedding rings and bridal jewellery for men and women. Earrings, necklaces, diamond and coloured gemstone rings, and men's jewellery can all be designed and crafted to meet your exact specifications.

    James Alfredson Jewellers - Loose Diamonds, Wedding & Engagement Rings


    03 9671 3952

    Authentic antique, vintage, and estate jewellery, including engagement rings, from the Georgian to the Art Deco to the 1960s, are the focus of the family-run jewellery store James Alfredson, which is located in the historic Howey Place in the centre of Melbourne's renowned shopping district.

    With a background in archaeology and history, James has a strong interest in and appreciation for period jewellery. Before opening his own boutique in October 2008, he worked in various aspects of the antique and fine jewellery trade for ten years after graduating from university, earning his gemological, diamond grading, and valuer's qualifications. He is particularly interested in identifying and authenticating jewellery from various periods, including Georgian, Victorian, Art Nouveau, Edwardian, Art Deco, and Retro. His ongoing goal is to amass a collection of exciting jewellery, primarily from the Georgian period to the 1960s. This website features a selection of his current collection...

    James Alfredson's boutique provides personalised service as well as the opportunity to purchase one-of-a-kind and desirable antique, vintage, and estate jewellery to complement today's fashions and lifestyles.

    Loose Diamonds, Wedding & Engagement Rings FAQs

    Diamond buying requires a little planning. But, follow along with these guided steps, and you will be able to find the perfect diamond in no time.

    Set a budget: the most important part of buying a diamond is setting a budget and never exceeding that budget. Diamonds are a symbol of commitment, not a measure of spending capacity.

    It is important not to forget that and never pressure yourself into spending more than you are comfortable affording. You never want regret, in the present or future, to be part of your engagement story. To set a budget, do very high level, preliminary research about the average diamond engagement ring purchase price. See if that's above or below where you may want to be.

    See what going up or down in carat gets you. You need to establish a preliminary baseline to budget relative to it and properly set your budget. Otherwise, you'll find yourself changing your budget around, and this will get frustrating. If your budget is on the lower end, we recommend looking into lab-created diamonds. Lab-grown diamonds are chemically, physically, and optically the same as natural diamonds. Access our Lab Diamond Buying Guide for more information.

    Timing: give yourself about 1 month, plus or minus a couple of weeks. You're not expected to become a diamond expert, and diamonds are something you buy every day. Therefore, don't obsess over them by spending months researching every single aspect -- it'll drive you crazy.

    Also, taking too long may result in questioning your decision and put off your proposal longer than you should wait. It's best to purchase a diamond when you're research is fresh in your mind, and you're not learning about diamond a little per week. Odds are you'll forget many of the things you learned early on, which are often the most important parts of diamond research. Also, give yourself time. A ring takes about two weeks to make unless your purchase a preset ring. Don't cut it close and stress yourself out.

    Shape first: The first and most visual consideration is the diamond's shape. The most popular shape is the brilliant round cut. If, however, you know they prefer another shape, definitely go in that direction. It is never a good approach to be selecting between multiple shapes at the same time because the styles, pricing and consideration all vary so much. The diamond's shape will really set the standard for the style and look. Some rings are only compatible with certain shapes, so we recommend confirming that first.

    The 4 C's: Once your shape is final. You'll need to read up on the 4 C's and beyond the 4 C's. Carat, Cut, Color and Clarity are the most visual characteristics of a diamond. That is why they get the most importance. They also are the factors that set the diamond's price. You don't have to be an expert, and you'll never be grading a diamond. You simply need to understand them enough to decide on the diamond you may want to choose.

    The best way to understand the relationship between the 4 C's and a diamond's price is as follows: Think of the C's as levers. Unfortunately, with diamonds, you can't have it all. So carat is typically the lever on your left, and Cut, Color and Clarity are levers on your right. If you pull the carat lever up, you may need to pull the other C levers down (and vice versa), so the diamond works with your budget.

    Once you've pulled the levers up and down, you'll ultimately find the right balance, which will lead you to select a diamond. Be careful though, these are very sensitive levers, meaning that small changes in diamond attributes are large changes in price.

    Selecting The Right One: Finally, once you've determined the right combination of diamond attributes for you, you'll probably notice that you still have several options remaining. Well, now what? Don't always go with the least expensive. Diamond suppliers know their inventory. They price diamonds a certain way for a reason.

    If the price seems too good to be true, there's a reason for that. Second, consider comparing the attributes beyond the 4 C's such as fluorescence, measurements (length to width ratio), table, depth, polish and symmetry. These factors will help you. Beyond that, we highly recommend consulting a gemologist, ideally one that graduated from an institution such as GIA. 

    The 4Cs of diamond quality will help you learn how to buy a diamond. This basic knowledge will unlock the mystery of a diamond's quality and help you understand a diamond's value and price.

    • Diamond Colour In most diamonds, the term refers to the absence of colour. The less colour in the stone, the more desirable and valuable it is. Some of these differences are not visible to the naked eye but directly impact the overall quality and price of the stone.
    • Diamond Clarity measures the amount, size and placement of internal 'inclusions' and external 'blemishes.' Grades run from 'Flawless,' with virtually no imperfections, to 'Included,' which contain a significant number of imperfections.
    • Diamond-Cut does not refer to a diamond's shape but the proportion and arrangement of its facets and the quality of artistry. The amount of brilliance, sparkle and fire in a diamond is determined by cut. Grades range from 'Excellent' to 'Poor.'
    • Diamond Carat refers to a diamond's weight. Generally speaking, the higher the carat weight, the more expensive the stone. However, two diamonds of equal carat weight can have very different quality and prices when the other three Cs are considered.

    No matter how beautiful a diamond may look, you cannot see its true quality. Knowing more about the 4Cs of diamond quality will help you learn how to buy a diamond. The 4Cs provide you with the information you need to see the diamond's actual quality.

    Diamond colour matters, but only to a certain point. The way we approach the 4Cs, we separate cut and carat weight from colour and clarity. Cut and carat are positive traits (you want to maximise as much as possible). Colour and clarity are negative traits that you want to make sure you don't notice when looking at a diamond. 

    When it comes to colour, there is a line where you notice whether the diamond is clear or has a yellowish tint. Your goal should be to make sure you don't buy a diamond with a yellowish tint so low that you notice it. That line between yellowish and clear varies based on the shape of the diamond and the style set you are putting the diamond in. We get into that below.

    Once the diamond looks clear to you, there isn't much to gain by spending more on a higher colour grade. Keep in mind that buying a diamond is a zero-sum game. If you spend more money by going with a higher colour grade than necessary, you will have to sacrifice size, brilliance or clarity. Is it worth doing that? Take a look at this challenge and decide for yourself.

    A diamond is the hardest of all gemstones and is known for its extreme durability. To contribute to its longevity, it is advisable to take great care of your diamond jewellery, preferably by keeping each diamond creation separate and avoiding contact with other pieces.

    Are Diamonds Indestructible?

    There is a myth surrounding diamonds; they aren't indestructible. While diamonds are often described as being the hardest natural material on the planet, that doesn't mean that they aren't be scratched, chipped, or broken. So the expensive gem on your finger needs to be treated with care to prevent damage, even though it is pretty tough, and Noe's Jewelry has some tips that will help you avoid damage to your diamond.

    Kinds Of Damage Diamonds Can Sustain

    Diamonds are hard, but they can be damaged. It is possible to break or chip a diamond. However, breaking or chipping isn't the only way to damage a diamond. For example, you can damage a diamond with chemicals that cause it to look dull and cloudy or discolour the stone until it is professionally cleaned.

    Be careful that you take off your ring when you are doing anything that could cause it to sustain damage. In some cases, you may damage the stone and the metal of the setting; and sometimes, rings can't be fixed.


    If your precious ring suddenly loses its centre stone, you should call your jeweller and insurer straight away. However, other damages are more difficult to spot. Here are a few simple ways to gauge whether your ring needs repair.

    Hold the ring close to your ear and tap it with your finger. If you can hear a rattling noise, this is a sure sign that something is loose and should be repaired.

    Do a visual check for cracks or chips in your diamond. If anything appears different from when you bought it, consult your jeweller. If you still have the paperwork from when you purchased the diamond, compare your ring to the picture on the paperwork.

    Take note if it becomes repeatedly snagged. If your diamond continues to catch on your clothes, consider the possibility that the claw isn't performing as designed. You may need to have the setting fixed or even redesigned.

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