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FAQ

Members Buying Group Education



Membership

What’s in it for me?
Everything. Sell more jewelry, increase your profits and assure a sustainable business. Improve your competitive stand with a pillar of support that provides the efficiency and comfort of a network. EQC will give you saving on purchasing and inventory costs, while increasing the stock available for you to sell. Training of your staff, and marketing services complement this umbrella protection offered to your independent business.

Did we mention directing shoppers to your store? Shoppers feel comfortable and safe buying at EQC-certified stores, anywhere in the world. They can easily locate you online via our Certified Jeweler Directory or buy online through our Jeweler eShop Mall. The EQC certification says it all.

Can any jeweler become a member?
EQC was established to support every jewelry business which shares our business code of conduct. In order to ensure this, membership is subject to a certification process, starting with an application.

How to become a member?
Fill-in the application form and you will be contacted by an EQC representative, who will accompany you through the process.

What about my competitors? Wouldn’t it be a conflict of interests?
We offer a shared resources, that benefits everyone, does not interfere with each other, and is under a strict confidentiality policy.

If your competitors are here, you better hurry up…

What about confidentiality?
Member information is maintained under strict confidentiality policy. EQC does not disclose members’ business information such as transactions, procurement and sales, as well as details obtained within the framework of expert consultation.

Do you charge membership fees?
Yes. Annual membership fees apply.


Buying Group

What is a buying group?
A buying group is an entity that is created to leverage the purchasing power of a group of businesses in order to obtain discounts from vendors based on the collective buying power of the GPO members.

Buyer Groups have been operating in the US and Australia for quite some time. The first healthcare buying group was established in the United States in 1910 by the Hospital Bureau of New York.

The Buying group is a primary service, which EQC is obligated to provide at the best level possible.

What do I gain?
You gain all the advantages associated with cumulative buying such as better quality-to-price ratio. Furthermore, the EQC buying group ensures ongoing supply of constant quality matching your specific needs. You gain additional savings with effective inventory management. With EQC buying group you work as if it were your warehouse. Specifically: Pass on advantages from supplier-to-retailer-to-consumer Constant supply and constant quality - better planning and more efficient delivery Professional assistance of a professional Diamond Buying Agent with every purchase Free yourself from excessive or dead inventory – higher profit margin

Is the EQC different from other buying groups?
The differences are in the buying power, diversity of sources and membership profile.

Our buying power is established on decades-old relationships and sources throughout the diamond supply chain worldwide. Beyond good prices you can therefore expect to find the diversity - what you need whenever you need it.

What are the terms for the EQC buying group?
The buying group is open to all and only EQC members.

Beyond this requirement, there are no limiting conditions:
No additional membership fee
No limitation on service
No minimum/maximum purchasing
No exclusive commitment to the Buying Group


Do I have to participate in the Buying Group? Is there a buying contract?
To ensure results and level of commitment we expect you to be an active member and actively participate in the Buying Group. There is no buying contract attached and neither commitment to buy certain qualities or quantities. Clearly, you may also source merchandise elsewhere.

How can I be sure to get the type of goods I need?
As a member of the EQC you will have professional representative dedicated to providing you the best goods/quality available on the market. It is an imperative that EQC as an organization is dedicating itself to protecting the interests of its members.

How much do I save, buying through the EQC buying group? Am I sure to get the best prices on the market?
Transparency is a fundamental value in the EQC concept. You are always able to compare. You can expect significantly lower prices or higher quality for a given price range.

Since every stone is different and prices change according to market conditions there is no price list to compare to. This is the complexity of diamond trade and this is where our expertise saves you far beyond…

 

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