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Nyc Diamond District


msg036
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I need some help! I went to the diamond district last saturday and went to several different stores, such as firenze....and several exchanges. I then went to the exchange in woodbridge, NJ and the guy showed me something I loved and said he can make it the way I would like it, however I dont feel his price is that great, seems like hes charging me carat price off the rap sheet. I feel in NY the diamond prices are less..

 

Anyone know any good dealers who can make the ring I want and give me good wholesale prices.

 

Its so overwhelming because there are so many different jewelers up there. I did talk to someone from blaueweiss berkowitz, who said they could create somethng for me, but I need to set an appointment to see there diamonds, anyone know anything about them or any other reputable people up in NYC?

 

Thanks for everyone's help! It's definitely needed!

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I need some help! I went to the diamond district last saturday and went to several different stores, such as firenze....and several exchanges. I then went to the exchange in woodbridge, NJ and the guy showed me something I loved and said he can make it the way I would like it, however I dont feel his price is that great, seems like hes charging me carat price off the rap sheet. I feel in NY the diamond prices are less..

 

Anyone know any good dealers who can make the ring I want and give me good wholesale prices.

 

Its so overwhelming because there are so many different jewelers up there. I did talk to someone from blaueweiss berkowitz, who said they could create somethng for me, but I need to set an appointment to see there diamonds, anyone know anything about them or any other reputable people up in NYC?

 

Thanks for everyone's help! It's definitely needed!

 

What makes you think the jeweler in NJ is charging too much? The Rap sheet becomes more obsolete every day.... back in the day when margins were very high and dealers were too lazy (or untrained) to examine stones themselves they used it as a buyer's guide. But these days because diamonds are so commoditized you need to have faith in the grading (legitimate report and/or trained gemologist on staff) or you just buy the cheapest (based on RAP) that you can find regardless of how accurately it's graded and hope your customer falls for it. Which type of dealer do you think will be in your best interest? This is why the Rap sheet means very little to me, so it should mean nothing to you unless you can eyeball the difference between VS1 and VVS2 or E and F with only a loupe and a white peice of paper.

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Hello,

The NYC diamond district is a good place to get lower prices because of the immense competition and right now luxury sales are down so people are making offers to undercut competitors and simply make sales. I would veer away from the large malls and exchanges since they tend to be hectic and are better for jewelry sales, not loose diamonds. Go to a diamond dealer or a member of the DDC for your diamond. If you are part of the trade, bring a business card and some references and you'll be eligible for wholesale prices. If your are not part of the trade, then you cannot technically get "wholesale" prices but you can try to go lower by asking them "how much off the rap can you give me this?" There's no way you should be paying more than the rap list right now. Also, if you are out of state they won't charge you NYS sales tax if it's "shipped". A good place to go for a nice private & quiet experience is Enchanted Diamonds on 9 West 47th Street right next to the Blake & Todd Cafe. They are affliated with David S diamonds which has been in the area for over 2 decades. They sell loose diamonds, hundreds of settings, and they do custom rings, molding, etc and the diamond specialist is very good at working with your ideas to make sure it comes out perfect. He won't sell you something just to sell it, he makes sure that you pick a ring design that is sturdy and will last through the years. If you look them up, I know they're open Monday-Saturday and he will come in Sunday if you call ahead. I hope this helps!

 

-Nicole

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NIcole, do you work for, or are you affiliated in some way with the seller you are promoting here?

If so, it's quite misleading the way you are acting as though you're a consumer.

 

 

In any case, you're giving out some misleading info.

Big of you to say that no one should pay more than rap- but such blanket statements are misleading- and untrue.

There are certain stones that can not be bought below the rap list.

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Hi Nicole,

 

Welcome to the forum.

 

I have to say I flatly disagree with your advice and I second the advice from Yosef of talking a bit more with the jeweler close to home who apparently has what MSG wants and is willing (and presumably able) do the design that interests him/her. There is NOTHING that is inherent about New York that makes diamonds cheaper there and a few things, like the tax rate and the high cost of living that tend to drive prices up. The world of diamonds has become very homogeneous and dealers from Florida to Alaska are all able to buy many of the same goods from the same sorts of sources and for the same sorts of prices. The only difference is, at most, a FedEx fee and a single day.

 

New York is an entertaining place to vacation. There are some excellent dealers there and yours may very well be among them but neither their zip code nor the number of competitors on the street is what makes them excellent. It’s the character of the people behind the counter/keyboard that makes one dealer shine above another and that occurs in every state and nearly every city in the country. Each deal and each dealer should be evaluated on their own merits and demerits

 

You might want to review the forum rules. There's a link at the bottom of the page that will take you there. Dealers are required to register as such.

 

Msgo36, one thing I can guarantee, no matter where you go. If you buy the stone that comes at the biggest discount from Rap, you will NOT be getting the best value for your money.

 

 

Neil

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Looking for a round 1 to 1.25 carat G SI-1 to SI-2 based upon what I can afford. The setting I would like two smaller princess cuts on each side, then a channel with princess cuts in them. I have attached a pic.

 

What size should the side diamonds be...I want it to be proportional but am not sure.

 

Thanks for everyone's help!

post-116010-1217446890_thumb.jpg

post-116010-1217447271_thumb.jpg

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Also, just reading some of the other posts, is the three stone ring above, it says its engagement, but I hear 3 stones are for anniversary bands. I know she likes the 3 stones as this is what she liked when we looked. Is this true about the three stone ring?

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If she likes the 3 stone rings, then that is o.k. Just be aware that alot of times they don't have matching bands, which can be annoying when you go to shop for a band later on down the road.

 

This particular setting does have a matching band available. It would fit a 1.00- 1.25 ct. very nicely

post-10-1217463153.jpg

post-10-1217463322.jpg

Edited by jan
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If she likes the 3 stone rings, then that is o.k. Just be aware that alot of times they don't have matching bands, which can be annoying when you go to shop for a band later on down the road.

 

This particular setting does have a matching band available. It would fit a 1.00- 1.25 ct. very nicely

post-10-1217463153.jpg

 

 

Hey Jan..I saw you edited your post this evening after my comment, but I cannot see where it would be...maybe you only updated the diamond picture. Is this from dbof's website, or is this setting from somewhere else. I think I really like it, it seems like it sits lower than the pic I posted (side diamonds sit lower) which I really like and has the 3 in teh channel setting. Is there somewhere I can see more pics, seems to be just what I'm looking for! Thanks so much!

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Thanks Jan! Are there other pics of that band? Where is it available? Is that diamond a 1 or 1.25..... I really like it.

 

Hi,

That mounting is available from us. We also have the center diamonds in the 1-1.25 ct. range. If you want more info you can send me an e-mail at:

brokersj@bellsouth.net

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There's really a HUGE difference in price between say, a 1.00 G/SI2 with a "Good" cut grade- and a 1.25ct G/SI1 with an excellent cut grade.

Stones which are above ..say 1.15cts- up to 1.49- will be a higher price per carat as compared to a 1.00.

 

AS Neil mentioned- trying to buy using the "Rap" list can get you a really undesirable stone- even if it's cheap, remember, cheap can be expensive in the long run.

 

We have a gorgeous F/Si1 coming in later this afternoon- I'll post some pics of it for you.

 

 

 

Neil also mentioned the NY diamond market- and what he wrote is very true- IF- you are shopping at street level.

There's two entirely different diamond businesses on 47th street in NYC.

The street level is savage-Astronomical rents at street level ( a 6 foot window can run $25,000 per month in rent!) lead to extremely aggressive selling techniques- which in turn lead to a lot of misrepresentation.

 

The upstairs diamond business is totally different. I don;t have figures- if they even exist- but for sure the wholesale diamond market in NY is one of the most active in the world- surely the most active in the US.

This means ( at the wholesale level) there's tremendous availability, and prices which are competitive with any of the wholesale markets in the world.

 

I love to buy on the NY diamond market. I feel it's the best in the world- and I've been all over the world buying wholesale diamonds.

In all fairness, I'm prejudiced- but there's no argument that many of the world's top stones are cut in New York- or simply pass through the wholesale NYC market....

 

Jan- I'm curious- what's the local sales tax where you are?

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David,

 

I certainly agree that the NYC marketplace is competitive with anywhere in the world, including Belgium, South Africa, India and other places that are identified as ‘source’ locations. Add to that the fact that the US has sensible banking laws, adequate consumer protection and other laws, no import taxes (on diamonds) and you’ve got a formula for a good marketplace that applies to all US dealers. It’s the contention that a particular deal or a particular dealer will be better in New York than in other locations, especially other US locations, that I’m challenging. It's the dealer, not the zip code that' makes the difference.

 

47th street has something of a reputation as a place to go to get good deals on diamonds that, at least in the last few decades, I feel is completely undeserved. It’s rather like the reputation that Caribbean cruise ports have. I’m not sure why but there’s a huge number of people who believe that bargains abound if you just go the right neighborhood and that stores close to home are, by definition, ripoffs. There’s an enormous industry that thrives off of it. I see it almost every day. Customers end up spending more and getting less from their vacation ‘bargains’ than it would have cost in their neighbor’s jewelry store or by shopping from their own computer. It’s bad for them, it’s bad for the community, it’s even bad for the quality dealers in New York and the Caribbean who then bear the brunt of being categorically dismissed as one of the sharks.

 

Neil

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Jan- I'm curious- what's the local sales tax where you are?

 

 

Our sales tax here were we live in Florida is .06% .

So NYC at .08365% is not a world apart, right?

 

Neil- we're in total agreement- The NYC wholesale diamond market is very diverse and competitive, while the NYC retail diamond market has somewhat of an undeserved positive reputation......

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a 6 foot window can run $25,000 per month in rent!)

 

:( Are you serious? Holy cow that's insane.

 

NYC = diamond capital of the US

LA = jewelry manufacturing capital of the US

 

I'd rather live in LA personally..., nicer weather and all the finest ladies are the blonde hollywood types ;) But seriously you can get a diamond shipped from anywhere. But to work with the best jewelry designers in the world and meet with them 1-1 for each project and get their personal attention is a rare privaledge.

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David,

 

The retailers and the sharks are not limited to the street level stores in New York or anywhere else and they're not limited to the beachfront properties in the cruise ports. Part of the problem is that a HUGE fraction of retail jewelers and diamond sellers call themselves wholesalers and even a higher percentage of the sharks do. Actually, that's one of the first signs of trouble. A dealer selling stones one at a time to the end consumer who describes themselves as a wholesaler is starting out with a lie. In any trust based business, it's prudent to pay attention to the little lies because it is an indication of bigger ones down the road.

 

Neil

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We agree Neil. Sellers claiming to be "wholesale while selling to the retail public are being disingenuous from the get-go. But the true wholesale diamond business in NYC has nothing to do with that.

 

Yosef- we've got a lot of amazing jewelers here in NY that would certainly take exception to your comment.....

 

I doubt there's accurate figures on where more manufacturing takes place, but I suspect that since there's more diamonds in the wholesale NY market, more manufacturing takes place here as well.

But volume is not what is most important to people looking for quality.

I'd put the quality of work found at the best shops in NY on the same level as the best jewelry made anywhere in the world.

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a 6 foot window can run $25,000 per month in rent!)

 

:( Are you serious? Holy cow that's insane.

 

NYC = diamond capital of the US

LA = jewelry manufacturing capital of the US

 

I'd rather live in LA personally..., nicer weather and all the finest ladies are the blonde hollywood types ;) But seriously you can get a diamond shipped from anywhere. But to work with the best jewelry designers in the world and meet with them 1-1 for each project and get their personal attention is a rare privaledge.

 

Yosef,

 

I would be remiss if I didn't apply the same criticism to your comments about sunny LA. There are superb jewelery designers living and working in communities all over the place. LA rocks but you have no basis for saying that a top notch jewelry designer may not choose to live and work in New Jersey, Colorado, New York or anywhere else.

 

Neil

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Yosef,

 

I would be remiss if I didn't apply the same criticism to your comments about sunny LA. There are superb jewelery designers living and working in communities all over the place. LA rocks but you have no basis for saying that a top notch jewelry designer may not choose to live and work in New Jersey, Colorado, New York or anywhere else.

 

Neil

 

 

Neil, David... I didn't mean THE BEST designers are ONLY in LA. Since we were speaking of volume and quantity, I was just referring to the fact there are more designers and manufacturers in LA then NY. I think this is pretty well known to everyone in the industry. Even just tension rings for example, there's Gelin Abaci of course, Danhov now who's been making them for 5-6 years, Neissing which manufacturers in Germany but now sets stones in the area (20 miles outside of LA), and of course Steven Kretchmer. There are none in NY. Don't get me wrong NY has it's share of fine designers as well, but there are just more designers here thats all. If I had my choice to collaborate with the best selection (quantity-wise) of designers found in LA vs. best selection (quantity-wise) of loose diamonds found in NY, I'd prefer the first over the latter since a diamond is a phone call away but a designer can't be shipped overnight for $50 :(

Edited by Adylon
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