Unfortunately, while there are quite a few willing buyers at that
level, I doubt that you will find many sellers without making a major
investment in time and/or money to find those with these excess
stones. Look towards bankruptcy auctions and those jewelers who are
looking at bankruptcy for your most probable suppliers. The
successful buyers are the ones who can ferret out the deals when the
owners reach the desperation point.
PS - I am not sure about your area, but the majority of melee
diamonds that we remove from scrapped jewelry are from tennis
bracelets and cluster rings that originally retailed at Kohl’s,
WalMart, etc., for $100 to $200 per carat, including the 10K gold
mountings, so you can guess the quality… Nothing that you would
want to put into an art piece, and certainly not ‘sparkly’.
I-2, KLM baguettes, anyone?