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Purchasing Specialist for Fine Jewelry
2 months ago
Position Overview:
The Purchasing Specialist for Fine Jewelry at Genesis Diamonds plays a pivotal role in the procurement and management of jewelry inventory. This role is essential for ensuring that our product offerings align with customer preferences and market trends.
Key Responsibilities:
- Engaging with both new and established suppliers to curate a diverse selection of jewelry lines and styles.
- Negotiating pricing and terms of procurement agreements to optimize cost efficiency.
- Overseeing the timely arrival of merchandise and ensuring adherence to purchase agreements.
- Monitoring inventory levels and executing replenishment orders in accordance with budgetary guidelines.
- Generating analytical reports on sales performance, budget adherence, and customer satisfaction to refine purchasing strategies.
- Collaborating with marketing teams to supply product information and support promotional initiatives.
- Contributing to the development and execution of training programs for staff on product knowledge.
- Providing guidance and mentorship to junior buyers within the team.
Essential Competencies:
- A genuine enthusiasm for fine jewelry and an understanding of consumer purchasing behavior.
- Strong negotiation, influencing, and networking capabilities.
- Meticulous attention to detail with effective task prioritization skills.
- Exceptional analytical abilities and the capacity for independent decision-making.
- Proficiency in analyzing various sales markets and understanding customer demographics.
- Leadership skills with a focus on team management.
- A solid grasp of retail mathematics and the ability to interpret basic sales data.
Qualifications:
- A minimum of 2 years of experience in retail, luxury retail, or the jewelry sector.
- Demonstrated success in a retail buying role or a similar position.
- Proficient in MS Office applications.
- A high school diploma is required; a BS/BA in business administration or a related field is advantageous.
Benefits:
- 401(k) plan with matching contributions.
- Comprehensive medical insurance.
- Company-paid dental and vision coverage.
- Generous paid time off policy.
- Paid sick leave and holidays.
About Genesis Diamonds:
Genesis Diamonds is a leader in the jewelry industry, known for transforming the diamond purchasing experience. Our commitment to quality, education, and value has earned us recognition as a premier destination for fine jewelry. We pride ourselves on our extensive selection of GIA certified diamonds and collaborations with top designers. Our mission is to enhance the consumer experience, making the journey of purchasing diamond jewelry both memorable and enjoyable.