Who owns the Diamond District NYC?
Most of the shop owners and workers are Hassidic Jews, Russians or Indians (three groups that dominate the diamond trade on the wholesale and manufacturing level as well). Walking down the street you will also notice plenty of armed guards for the shipping companies and police officers patrolling.
Why is the Diamond District called that?
A diamond district is an area where the cutting, polishing, and trade of diamonds and other gems takes place. There are a number of these districts around the world, including: Antwerp diamond district, Belgium.
Is the Diamond District open?
You can find the Diamond District in NY along West 47th Street in between the 5th and 6th Avenue. In the excerpts from Google Map below, I had indicated the district with a red line. Most stores are open on weekdays and Saturdays from 9.30am to 5.30pm.
What streets is the Diamond District?
The Diamond District is located on West 47th Street between Fifth and the Avenue of the Americas ( Sixth Avenue ) in midtown Manhattan.
What is a 20 pointer?
A “20-pointer” weighs one-fifth of a carat (or 40 milligrams), and a “six-grainer” weighs 1.5 carats (or 300 milligrams). Dealers say “light” to indicate weights shy of a common fraction; a “light-half” can weigh from 0.45 to 0.49 carats.
Why are diamonds wrapped in paper?
They way the are folded ensures the stones cannot escape and the paper protects them.
Are diamond prices negotiable?
Only those who do their research know that diamond prices are negotiable at most stores. Barring Tiffany’s and online retailers there is no reason why you can’t negotiate a lower price for your diamond than the sticker price. These are the diamond’s cut (shape), karat (size), clarity (transparency) and color.
Is it OK to sell your engagement ring?
The bottom line is that selling your engagement ring is a perfectly valid option. As engagement rings can cost hundreds to hundreds of thousands of dollars, you want to ensure that you sell your ring to a reputable buyer who can give you the best offer.
Why is Blue Nile so expensive?
Blue Nile sells diamonds from wholesalers across the globe and can price them extremely well. This is great for the consumer because everyone knows diamonds are not that rare anymore and don’t want to have to take out a second mortgage to purchase their wedding bands or engagement rings.
Why is 47th Street in the Diamond District?
Because the 47th Street merchants are located so close to where jewelry is made and where diamonds are cut and traded, our jewelers can offer you a tremendous variety of precious goods, great values and industry expertise.
Where to shop for diamonds in New York?
Welcome to The Diamond District Partnership – The Perfect Setting! The Diamond District is the world’s largest shopping district for all sizes and shapes of diamonds and fine jewelry at tremendous prices and value. When you shop for diamonds and fine jewelry, this is the first and only place to shop- New York ‘s Diamond District.
Where is Landsberg jewelers in New York City?
Landsberg Jewelers is your trusted local jewelry store in New York with two locations – 47th Street in Manhattan and Rye Brook in Westchester. We showcase a finely curated collection of jewelry for every occasion, from high fashion to casually elegant and everything in between.