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Diamond District NYC Posted: 03 Mar 2014 06:11 AM PST Diamond District NYC Diamond District in New York City is the world’s largest shopping district for all sizes and shapes diamonds and fine jewellry at competitive price and tremendous value. The Diamond District NYC located on West 47th Street between Fifth Avenue and Sixth Avenue (also known as the Avenue of Americas), in midtown Manhattan. The area is one of the primary centers of the global diamond industry, along with Antwerp diamond district in Belgium, London rough stone, Ramat Gan in Israel and Johanesburg, South Africa. The Brief History of Diamond District NYC Located within walking distance of many New York City attractions such as Rockefeller Center, Radio City Music Hall, St Patrick’s Cathedral, Broadway Theater District and the Plaza Arcade, Diamond Distric NYC is the premier center for diamond and jewellry shopping in the city. The first diamond district in New York City was created near Canal Street and the Bowery in the 1920s. The second district later created in 1931 in the Financial district, near the intersection of Fulton and Nassau Street. Started in 1941 the district move uptown to New York City. Diamond District NYC The district grew in importance when German Nazis invaded the Netherland and Belgium. these invasions forcing thousands of Orthodox Jews in the diamond business to flee Antwerp and Amsterdam and later, settled in New York City. Most of them remained after the World War II and remain a dominant influence in the Diamond District. Diamond District NYC Operation Over 90% of the diamonds that enter this country go through New York City. Most of them go through the Diamond District. There are 2,600 independent businesses located in the district, which nearly all of them dealing diamonds or fine jewelry. Total receipts for the value of a single day’s trade on the district average $400 million. Merchants in the Diamond District NYC sell diamonds virtually every shape, size and quality. They also sell loose diamonds, as well as many diamond jewellry from thousands of different style, price and value. In addition to diamonds, the Diamond District merchants also sell colored gemstones, pearls, gold jewelry, platinum jewelry, luxurious watches, antique and estate jewelry. This merchants also offer such service as jewelry repair, watch repair, jewelry engraving, pearl restringing, gemstones cleaning and polishing as well as stone setting. Most jeweler on the Diamond District NYC have their own shop like jewelry stores. But most retailers have booths in the 25 jewelry “exchanges†scattered throughout the Diamond District. In each exchange, there are up to 100 separate independent jewelry business all under one roof. Some recommended Diamond District merchants include Antique Corner Inc. on 1196 Avenue of Americas, Booth #12, Knupfer International Gems Inc. on 15 West 47 Street, Solitaire Creations on 15 West 47 Street Booth #2, Forever Diamonds on 66 West 47 Street, Booth # 37-38, Manhattan Gold & Silver on 45 West 47 Street, and many more. There are also gemstone institutions like Universal Gemological Laboratoty (UGL), Gemological Institute of America (GIA) and appraisal office of Gemological Appraisal Lab of America within the area of the Diamond District. Because of the Diamond District NYC merchants are located so close to where diamonds are cut and trade as well as where jewelry is made, these merchants can offer their customers a tremendous variety of precious goods, great values and industry expertise.

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