Celebrities use them, politicians use them and the average American has a passion for these precious stones.
What most of us do not realize is that over 90% of the diamonds that enter the states have to pass through the 'diamond city’, which is located in 47th street, Manhattan, state of New York.
This address has gained popularity world over due to its extensive array of products made from diamonds.
Actually, the diamond city is touted as the world’s biggest authority when it comes to the credibility of a wide range of precious stones.
What Is The New York City Diamond District?
Activities In The Diamond District
Wide ranges of business activities take place in this part of mid-town Manhattan.
The major ones have a significant connection to the diamond trade.
A tremendous amount of them come in through major entry points in the country and head straight to the diamond city.
There is no way to place what kind of diamonds come in, but the consensus is that most of them are uncut. The qualities all vary.
Upon arrival, these precious stones undergo sorting in a bid to know what the exact value of each stone is. It is not an easy chore, given the fact that there are so many isolated variants of diamonds available.
The 47th Street Merchants
The diamond district executives may pride themselves as the movers of the trade in precious stones around the world, but the real shakers are the merchants of the 47th.
These businesses lie in wait, keeping their patience until the precious stones come of age through cutting and valuation.
They then make purchases and isolate the different categories of precious stones according to size and quality.
These traders have a distinguished tradition of perfection and variety and can get you precisely what you need with minimum hassle.
The Best Place In The World To Buy or Sell Diamonds
The diamond district of New York is a world famous destination for diamonds.
It samples the best in terms of these precious stones and offers them in the best condition possible. When shopping in this part of town, know what you want.
Conduct your research and keep in mind that there are unscrupulous hawkers waiting in the alleys to rip you off and feed off your naivety.
A consumer should therefore always go for the legitimate businesses that have a good reputation as well as legal certification.
It would be a good idea to inquire into the condition of any stone you are interested in because while some are natural, others are treated and generic.
If you want to know more about the value and true worth of your diamond, contact us and we'll provide a free valuation. We can even help you over the phone.