Diamond Desires Nyc (2024)

FAQs

Can I sell a diamond ring I found? ›

It's possible to sell a diamond you found. But, there are a few key points to think about. You need proof of ownership and authenticity. This could mean getting an appraisal from a reliable appraiser or having the diamond certified.

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.

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.

Selling a diamond without a certificate is a challenge, but it's not impossible. Online Marketplaces: Platforms like eBay, Craigslist, or Facebook Marketplace allow you to list your used diamond for sale directly to potential buyers.

While the factors above all influence the resale price of an engagement ring, in general you can expect to get 20-45% of the original retail price. If you sell your ring to a jeweler, this number will be affected by their markup.

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.

NYC is full of incredible jewelry stores and custom engagement ring designers so you're sure to find the perfect engagement ring and wedding band amongst the busy streets and sky scrappers. The Diamond District is a great place to start your search when wondering where to buy an engagement ring in NYC.

I asked this in the New York store and the answer was that it was cheaper in New York. When we returned to the UK I did a price comparison on another item and found this to be the case. It is based on Exchange rates. Also more choice in the New York store than at least 2 of the London stores (Westfield sites).

400 years. of history on Stone Street. Stone Street became New York's first paved street in 1658, and has been designated a NYC historical landmark since 1996.

How much do diamond sellers make? ›

As of Jun 14, 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.

If you ever find a diamond ring, or any lost property, don't assume that you can keep it. Always attempt to find the owner if possible, or turn the item in to the police. Most states will allow finders to keep the property if the owner does not show up to claim it after a certain time.

As wonderful as it is to know that diamonds can be traced to their owners, it also might concern some that something is inscribed on their diamond. No need to worry because such inscriptions are only detectable by a very select few, and only with the appropriate tools.

Yes, you can sell a diamond to a jeweler. Diamond rings are a commonly sold jewelry item. Old engagement rings (from former relationships), family engagement rings, and the like can be sold to a jeweler, who can then sell the gemstone separately or place it in a different setting.

Selling to a trusted diamond and jewelry buyer will ensure you receive a fair price for your jewelry and are 100% confident in your decision. Having a trained GIA appraiser evaluate your diamond ring will ensure you receive top dollar and the most value for your ring.