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Hello,
My name is Ankur Savani, and I am the president of Palak Diam, Inc. Let me be the first to welcome you to our website! Palak Diam is the largest buyer of breakout and melee diamonds in the United States today. We are a family-owned and operated business dating back to 1935. Headquartered in Los Angeles, California, Palak Diam has only one motto by which it operates: “Our clients come first, always…”An organization with over 80 years and eight decades of hard work and integrity, we have grown from a single office into a global leader today with over 12 offices worldwide, establishing ourselves as the global leader in diamonds
As you visit our website today, I would to note that we aim to serve two purposes: One is to provide the best returns for our clients when they sell their diamonds to Palak Diam, while also insuring we provide excellent and honest service. And our second aim is to ensure that our clients are fully informed and educated when making their business decision. I personally feel that ‘Education is Power’, and Palak Diam wants to give that power to you. Understanding more about diamonds will better enable you to be more successful in the marketplace. Education doesn’t cost you anything, but if you don’t learn about the components of a diamond, it could cost you a bundle in lost profits! Your goal should be to approach the industry as a well-informed professional.
Thank you again for visiting our website, and we hope to do business with you!
Sincerely,
Ankur Savani
President
Palak Diam, Inc.
Welcome to Palak Diam, the global leader in the diamond industry today. Over the years, we have grown from a simple wholesaler into aninternationally-renowned diamond sales organization that is trusted and respected worldwide. Our rich family heritage and experience of more than 8 decades has given us an in-depth understanding of the diamond trade and an insight into customer needs. At Palak Diam, our passion for diamonds is reflected in every facet of our business, be it the manufacturing standards we maintain, the precision of our assortments, or the quality of services we render to our customers.
Palak Diam is a full-service diamond company, providing a vast array of polished diamonds of all ranges and sizes. Our company is vertically-integrated with a global network spanning 5 continents. Our team is well-trained and experienced, sourcing the very best diamonds domestically and internationally. Our manufacturing facilities employ the finest skilled cutters and craftsmen in the industry today, ensuring each diamond produced is of upmost quality. And our sales staff is thoroughly trained in our diamond products, working relentlessly to deliver the top service to our customers. We pay close attention to every detail in each transaction, ensuring that quality and satisfaction are fully sustained for all parties involved.
At Palak Diam, we understand the competitive nature of today’s business environment, and view them as both challenges and opportunities for the diamond and jewelry industry. Our company aims to consistently deliver a value proposition that our customers need, now and in the future. It is a philosophy well worded by Henry Ford, one of the world’s greatest business leaders, who said, “The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed. “Palak Diam provides extraordinary diamonds at the most competitive prices in the industry today, creating excellent value for our customers.
Starting its journey as a diamond wholesaler, Palak Diam has today expanded its presence in the diamond value chain and grown to become one of the leaders in the diamond and jewelry business. Our focus on quality and trust has resulted in our recognition as the leading diamond corporation in the world today. As we evolve into our next stage of growth, we reaffirm our pledge to quality and our commitment towards fulfilling the dreams of our customers.
“To provide complete and total satisfaction to every customer and consumer by providing extraordinary products and services at the most competitive prices. “
Every individual from Palak Diam is thoroughly trained in the vision and priorities of the company, understanding that providing ultimate satisfaction to the customer is our fundamental goal. It is a vision shared by all our people: mining workers, diamond cutters, master craftsmen, and expert professionals, who are driven by the aspiration to be the best and the belief that challenges are the stepping stones of success. Palak Diam has evolved to become the leading player in the diamond industry through its dramatic growth and extraordinary attention to detail.
“To provide complete and total satisfaction to every customer and consumer by providing extraordinary products and services at the most competitive prices. “
Every individual from Palak Diam is thoroughly trained in the vision and priorities of the company, understanding that providing ultimate satisfaction to the customer is our fundamental goal. It is a vision shared by all our people: mining workers, diamond cutters, master craftsmen, and expert professionals, who are driven by the aspiration to be the best and the belief that challenges are the stepping stones of success. Palak Diam has evolved to become the leading player in the diamond industry through its dramatic growth and extraordinary attention to detail.
We set benchmarks for the industry and ourselves. We believe in fostering long-term relationships, and can only achieve that by providing consistent quality and service to our customers. Therefore, it does not come as a surprise that Palak Diam has many customers that have been loyal to them for decades.
At Palak Diam, we touch millions of lives. Therefore, we aim to align our business goals with social values. We believe that our community and its people have been instrumental in making us reach the level we are at today, and thankfully we aim to give back to the community and its people. We are regularly involved in dozens of philanthropic activities throughout the year, including charitable donations, food drives, college and high school sponsorships, community service events, religious contributions to name a few. We also strive to ensure a safe society and promote a clean environment through our focus on community and education.
At Palak Diam, we touch millions of lives. Therefore, we aim to align our business goals with social values. We believe that our community and its people have been instrumental in making us reach the level we are at today, and thankfully we aim to give back to the community and its people. We are regularly involved in dozens of philanthropic activities throughout the year, including charitable donations, food drives, college and high school sponsorships, community service events, religious contributions to name a few. We also strive to ensure a safe society and promote a clean environment through our focus on community and education.
At Palak Diam, we take pride in our environment conservation program, which aims to minimize pollution through recycling and waste management. To reduce impact of our actions on the environment, we have invested in eco-friendly technologies such as non-polluting manufacturing systems at our factories.
At Palak Diam, we strongly support and believe in children as the future of our nation. Palak Diam has contributed significantly towards education, as well as healthcare facilities within India. Among other social initiatives, Palak Diam has contributed towards the improvement of lives of underprivileged women, children and victims of natural and manmade disasters. We are actively involved in projects related to preservation of natural habitat for animals and eco-friendly projects for improving the quality of life in cities.
Palak Diam prides itself in having each and every officer, employee, and directors involved in philanthropic activities. Palak Diam is always open to getting involved in new community service activities or donations, so please contact Palak Diam for any suggestions or ideas.
Palak Diam adheres to a zero-tolerance policy in regards to conflict diamonds.
We support the Kimberley Process Certification Scheme™ (KPCS), created in 2003 by governments, non-governmental organizations and the diamond industry to eradicate ‘conflict’ diamonds – rough diamonds used by rebel movements to undermine and finance wars against legitimate governments. The Kimberley Process is a joint governments, industry and civil society initiative to stem the flow of conflict diamonds. We also fully support the Clean Diamond Trade Act of 2003 which provided a framework for building a global diamond market that is today over 99% certified to be from conflict-free sources.
In the past, the legitimate supply chain was most vulnerable to exploitation between the time diamonds were mined in African combat zones and the time they were exported from the country of origin. Under KPCS, that problem is addressed as rough diamonds are packaged with a certificate of origin soon after they are mined. At later stages of the diamonds’ journey to market, rough diamonds also carry a certificate describing the shipment’s contents and confirm that the stones came from a Kimberley Process participant. Any country declining to participate is effectively barred from the international diamond trade.
The KPCS also requires that each shipment of rough diamonds be in a tamper-resistant container and accompanied by a certificate of origin. Each certificate is uniquely numbered and contains information detailing the shipment’s contents. Participating countries have pledged to turn back or impound shipments of rough diamonds from any nation that fails to subscribe to these standards. Shipments lacking in proper certification are also subject to being confiscated.
We applaud the process of tracking diamonds from mine to market in an exhaustive on-going effort to prevent the trade of blood diamonds. Therefore, at Palak we exclusively purchase our rough diamonds through steadfast and respectful suppliers who also enforce the standards established and upheld by the Kimberly Process.
Palak Diam has further taken measures against the conflict diamond trade by developing a conflict diamond compliance program, which requires our diamond suppliers to provide proof of warranty from their sources of diamond merchandise.
As part of our commitment to ethical and humane mining, we guarantee all diamonds purchased from Palak Diam to be ‘conflict-free’. This is guaranteed in writing on each invoice in the following manner:
“The diamonds herein invoiced have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations Resolutions. The undersigned hereby guarantees that these diamonds are conflict-free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds.”