What is the term for the price associated with buying an entire parcel of gems or a substantial part of it?

The term "lot price" is used to describe the price associated with buying an entire parcel of gems or a significant portion of it. This pricing strategy is typically applied when gemstones are sold in bulk or as a group, rather than individually. When purchasing a lot, buyers often receive a pricing advantage because the total cost is usually lower per unit compared to purchasing each gemstone separately. This concept is common in the gemstone industry, where dealers might acquire a lot to either resell individual stones or utilize them in jewelry production.

In contrast, other terms, such as wholesale price or bulk price, generally convey broader meanings in the context of purchasing but do not specifically highlight the concept of a bundled group of stones like "lot price" does. Commercial price, meanwhile, may refer to pricing structures used in retail or business-to-business transactions but lacks the specificity of referencing a particular parcel of gemstones. Thus, "lot price" accurately captures the essence of purchasing a complete or substantial grouping of gems.