Diamond Desires Nyc (2024)

FAQs

Is it worth going to the Diamond District in NYC? ›

As a consumer, you might assume that the Diamond District at 47th Street is an ideal destination to start shopping for a diamond ring. However, the truth is far from that. In fact, it may actually be more difficult for the average consumer to buy a truly high quality engagement ring than anywhere else.

Yes, you can sell a diamond you found as long as it was found on your own property or in a public area that allows for the collection of minerals. However, if the diamond was found on someone else's property, you may need to obtain permission before selling it.

Did you know? Over 90% percent of diamonds in the United States are estimated to come in through the Diamond District in New York. Sales in the Diamond District average $400 million in a single day and $24 billion in a year.

Bargain seekers and connoisseurs alike hunt 47th Street for that most precious of objects: the perfect diamond at the perfect price.

Tribeca. Located on the southwestern corner of Manhattan, Tribeca (“Triangle Below Canal Street”) consistently ranks as the most expensive neighborhood in NYC, according to several sources. Best known for its stylish industrial lofts and charming cobblestone streets, residents here enjoy a hip and upscale neighborhood.

Uncut Gems is a 2019 American crime thriller film directed by Josh and Benny Safdie, who co-wrote the screenplay with Ronald Bronstein.

It is possible to trace a diamond if it has been reported as lost or stolen and has been registered with a diamond grading and identification laboratory. Many diamonds are laser-inscribed with a unique identification number or code that can be used to identify the stone if it is recovered.

Resale Value: The resale value is how much you will get paid if you decide to sell the diamond. As a result of the retail mark-up and the decline in diamond prices, the resale value is typically well below what you paid. Indeed, diamond jewellery will typically resell for 25% to 50% of the purchase price.

Thankfully, couples can purchase asset insurance (jewellery insurance) to cover all jewellery, including parts. Therefore, a lost diamond will be covered with the proper documents (diamond licence and receipt). The insurance will reimburse the cost of replacement and additional fixture fees.

Issues with New York's Diamond District

There is no such thing as a bargain diamond. Instead, there are beautiful diamonds at a fair price or a low-quality diamond with inflated and misleading quality grades. The New York diamond district too often deals in the latter.

What is the wealthy street in Manhattan? ›

Central Park South

It is home to some of the city's most expensive and famous buildings, including One57, 432 Park Avenue, and 111 West 57th. Penthouses with breathtaking views of Central Park and the New York skyline fetch the highest prices in Central Park South, often reaching tens of millions of dollars.

Billionaires Row in New York City is a term that conjures up images of opulence, grandeur, and extravagance. This stretch of Manhattan's 57th Street, between Park Avenue and the Hudson River, has become synonymous with luxury living on a scale that is unparalleled anywhere in the world.

Stone Street is NeW YORK CITY'S oldest street.

As of Jun 20, 2024, the average hourly pay for a Diamond Dealer in the United States is $26.28 an hour.

The Diamond District is the world's largest region of diamond exchange. It is home to diamond merchants who both sell and buy individual diamonds and other gemstones. It is also where countless retail jewelers and wholesalers do business and contains many independent jewelers.

The Diamond District is located in NYC's Midtown Manhattan, on 47th Street between Fifth and Sixth Avenues. It's between Times Square and Rockefeller Center and is easily recognized by its diamond-shaped streetlights, Art Deco architecture, and countless jewelry shops and diamond merchants.

The Financial District is located at the southern tip of Manhattan. This area offers vacationers more peace and quiet than more bustling neighborhoods like the Theater District and Chelsea. However, the Financial District is also home to some New York attractions most vacationers won't want to miss.

57th Street, often called “Billionaires' Row,” is a prestigious street renowned for its ultra-luxurious residential towers and unrivaled penthouses with stunning views of Central Park. The Street has become synonymous with opulent living, boasting some of the most expensive properties in Manhattan.