Brief History & Tips for Selling Jewelry in NYC's Diamond District.

Located on 47^th street between 5^th and 6^th Avenue is one of New York City’s busiest locations: 

NYC's Diamond District

The Diamond District is a place of rich history and expert jewelers, the combination producing one of NYC’s most valued locations. Visitors from all over the world come to the Diamond District to buy and sell jewelry for the best quality and prices. 

But 47^th street wasn’t always the home of NYC jewelers. In fact, the hub for buying and selling jewelry originated all the way down town on a quaint little street called, Maiden Lane.

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.

Whether you want to buy or to sell jewelry or watches, the first step in figuring out value is to identify what it is, when and where it was made, and by whom. A maker's mark can help but if jewelry has hallmarks, this process is almost foolproof.

It’s that time of year when everyone starts speculating on who will design this year’s Super Bowl rings. Will it be a championship ring specialist such as Jostens, designer of the Ravens’ rings last year, or a big-name retailer such as Tiffany & Co., who designed the New York Giants’ rings in 2012?

Selling unwanted gold jewelry is a great way to earn cash. As gold prices remain above $1,200 an ounce, recycling unwanted gold jewelry into jewelry you love is an also great way to save money.

But there’s another compelling reason to recycle your gold. It’s good for the environment. Gold mining has been identified as a major cause of mercury pollution, particularly small-scale mining in unregulated countries such as Peru.