In the bustling gold market of New York City, stretching from the luxury dealers of Manhattan to the family-owned jewelers in Queens, understanding market fluctuations is key to timing your sale for maximum profit. This guide aims to provide insights into the factors affecting the gold market and how to identify the optimal time to sell your gold.

With an array of options from the diamond district in Manhattan to the local pawnshops in Queens, finding the right gold buyer in New York City can be a daunting task. This guide will help you navigate through your choices, ensuring you get a fair deal for your gold without falling prey to scams.

Dealers on 47th Street don't always agree on what it takes to get ahead. Manhattan's Diamond District can be a fiercely competitive place. But the businesses that survive and prosper here for decades are usually run by smart people with a reputation for being reliable and fair.

Fima Kandinov maintains straight shooting is the key to survival in the Diamond District. “Honesty and integrity are the keys to any business,” Kandinov says, and business conducted on 47th Street is no exception.

Many dealers on 47th Street take a somewhat more cutthroat approach. But Kandinov, primary appraiser and founder of Luriya, is not the only one to reach this conclusion.

When doing business of any kind, it pays to know how to capitalize on every strength and weakness there is to make the endeavor thrive. The economy, in all of its unpredictability, is something that everyone has to live with. It's just the reality. Investors, and frankly anyone that deals with money, deal with all types of risks on a daily basis before they could turn their investments into profits.

Because of the number of risks involved, it pays to have somebody share some knowledge about the tools of the trade before jumping into any type of transaction. When it comes to the gold trade, there are a lot of things one can do to gain a little bit of advantage.

If you’re selling a valuable piece of your jewelry, you want to make sure of two things. One- that you’re getting the best deal possible. Two- that you’re not getting scammed. What’s the point of selling if you’re not getting your money’s worth? Well, fear not! Luriya is here to help. Here are a few things to keep in mind when selling to make sure you’re staying away from shady dealers.