



Ankur Savani
President, Palak Diam Inc.
3rd Generation Diamond Dealer
"The diamond industry is built on trust. Every transaction we conduct is a reflection of the values that have guided our family for three generations."
Hello,
Let us be the first to welcome you to Palak Diam — the nation's most trusted buyer of recycled and breakout diamonds. As a family-owned and operated business dating back three generations, we have grown to become a fully vertically integrated up-cycler of natural diamonds. Our family heritage and experience of more than three generations has given us an in-depth understanding of the diamond trade and an insight into customer needs.
Palak Diam is the largest buyer of breakout and melee diamonds in the United States today. Headquartered in Los Angeles, California, Palak Diam has only one motto by which it operates: "Our clients come first, always…"
As you visit our website today, 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 ensuring we provide excellent and honest service. Our second aim is to ensure that our clients are fully informed and educated when making their business decision. We 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.
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, 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.
Thank you again for visiting our website, and we hope to earn your business.
Sincerely,
Ankur Savani
3rd Generation Diamond Dealers — 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 an internationally-renowned diamond sales organization that is trusted and respected worldwide. Our rich family heritage and experience of more than three generations 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 the utmost quality.
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 a leading diamond corporation. 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.

30+
Years in the Diamond Trade
3
Generations of Expertise
10+
Diamond Categories Purchased
100%
Conflict-Free Guarantee

Headquartered in Downtown Los Angeles
At the Heart of
the Diamond Trade
Our Mission
"To provide complete and total satisfaction to every customer by providing extraordinary products and services at the most competitive prices."
Palak Diam exists to create a reliable, transparent, and fair market for pre-owned diamonds. We believe that every diamond deserves to be valued honestly and returned to the market at its true worth — benefiting sellers, buyers, and the broader sustainability of the diamond industry.

Our Values
Integrity
We do not inflate offers to win business, and we do not lower offers after the fact. Our word is our bond.
Expertise
Three generations of diamond knowledge, combined with modern gemological equipment and market intelligence.
Transparency
We explain our grading and pricing methodology to every client. There are no hidden fees, no surprises.
Sustainability
Every recycled diamond we purchase is a diamond that does not need to be newly mined. We are proud to contribute to a more circular diamond economy.
Respect
Every client — whether selling a single stone or a large wholesale lot — receives the same professional, respectful service.
Official Policy Statement
"Palak Diam Inc. hereby warrants that all diamonds sold by Palak Diam Inc. are conflict-free, based on personal knowledge and/or written guarantees provided by the suppliers of these diamonds."
The term "conflict diamonds" (also known as "blood diamonds") refers to diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the United Nations Security Council.
The Kimberley Process Certification Scheme (KPCS) is an international certification scheme that regulates trade in rough diamonds. It was established in 2003 to prevent the flow of conflict diamonds while helping to protect legitimate trade in rough diamonds. The KPCS imposes extensive requirements on its members to enable them to certify shipments of rough diamonds as "conflict-free."
Palak Diam is fully compliant with the Kimberley Process. We require all suppliers to provide written warranties that their diamonds are conflict-free, and we maintain records of all such warranties as required by law.
Beyond Kimberley Process compliance, Palak Diam maintains its own internal sourcing standards:
We purchase diamonds only from suppliers who provide written conflict-free warranties.
We maintain records of all supplier warranties for a minimum of five years.
We conduct due diligence on all new suppliers before establishing a business relationship.
We do not purchase diamonds from sources that are known or suspected to be involved in any illegal activity.
We report any suspicious transactions to the appropriate authorities as required by law.
We train all employees on conflict diamond awareness and our sourcing standards.
For questions about our conflict-free policy or to request a copy of our supplier warranty documentation, please contact us at [email protected].
Palak Diam is an active member of the most respected organizations in the diamond and jewelry industry. These affiliations reflect our commitment to ethical standards, industry best practices, and the broader community of diamond professionals.
GIA
Gemological Institute of America
RJO
Retail Jewelers Organization
IDCA
International Diamond & Color Association
JBT
Jewelers Board of Trade
RapNet
Rapaport Diamond Network
NPA
National Pawnbrokers Association
JFC
Jewelers for Children
DCWC
Diamond Club West Coast
A comprehensive overview of Palak Diam's history, services, and commitment to excellence in the diamond industry.
550 South Hill Street, Suite 1040 · Los Angeles, CA 90013
(213) 228-0077 · [email protected]
Global Reach
5 Continents.
One Standard of Ethics.
At Palak Diam, we believe that a successful business has a responsibility to contribute positively to the communities it operates in and the industry it is part of. Social responsibility is not a separate initiative for us — it is embedded in how we conduct our business every day.
Sustainability Through Recycling
The most direct way we contribute to environmental sustainability is by being a leading buyer of recycled diamonds. Every diamond we purchase from an estate, a jewelry store, or an individual is a diamond that re-enters the market without the environmental cost of new mining. Diamond mining, while heavily regulated, has significant environmental impacts including land disturbance, water use, and carbon emissions. By extending the life of existing diamonds, we reduce demand for newly mined stones and contribute to a more circular, sustainable diamond economy.
Fair and Transparent Trade
We are committed to fair dealing at every level of the supply chain. We pay fair market prices for the diamonds we buy, we charge fair prices for the diamonds we sell, and we are transparent about our grading and pricing methodology. We do not engage in practices that take advantage of uninformed sellers, and we actively educate our clients about the value of their diamonds so they can make informed decisions.
Conflict-Free Commitment
Palak Diam is fully compliant with the Kimberley Process Certification Scheme (KPCS) and requires all suppliers to provide warranties that their diamonds are conflict-free. We do not purchase diamonds from sources that are known or suspected to be involved in financing armed conflict. Our conflict-free commitment extends beyond legal compliance — it is a core ethical principle of our business.
Community and Industry
We are active members of the diamond trade community, participating in industry associations, trade shows, and educational initiatives. We support the development of the next generation of diamond professionals through mentorship and by providing opportunities for young people to learn the trade. We are proud to be part of an industry that, at its best, creates livelihoods for millions of people around the world.
Anti-Money Laundering Compliance
Palak Diam is fully compliant with all applicable Anti-Money Laundering (AML) regulations, including the Bank Secrecy Act and FinCEN requirements for precious metals and gems dealers. We maintain rigorous Know Your Customer (KYC) procedures and report all transactions as required by law. Our commitment to AML compliance protects our clients, our business, and the integrity of the diamond industry.