What is a lot price in the context of gem purchasing?

In the context of gem purchasing, a lot price refers to the discount offered when purchasing a bulk parcel of gems. When buyers acquire gems in larger quantities, such as a parcel or lot, they often receive a reduced price per stone compared to purchasing individual gems. This pricing strategy incentivizes bulk buying, as it allows sellers to sell more inventory at once and gives buyers the opportunity to save money on their overall purchase.

This practice is particularly common in the gemstone market where dealers often sell collections of similar stones together rather than one at a time. The concept of lot pricing is essential for both purchasers looking to maximize their investment and sellers aiming to move larger volumes of product efficiently.