The ultimate guide to navigating the Diamond District NYC. Learn the History of the NYC Diamond District, discover the insider tips, and find out what to look out for.
If you’re planning to visit New York’s famed Diamond District, you’re in for an unforgettable experience. Nestled in Midtown Manhattan, West 47th Street offers more than 4,000 wholesalers and retail jewelers.
A Brief Overview of the Diamond District
Though the foundation of the Diamond District dates back as far as the 1920s, the world-famous stretch of Manhattan we know and love today didn’t begin to take shape until a couple of decades later. It now covers the street of West 47th and is boxed in by Fifth Avenue and Sixth Avenue.
Click here to get directions to the Diamond District NYC. (Short link: Google Map of Diamond District)
At present, an estimated $500 million trades hand each day on this single street. In total, as much as 90 percent of the nation’s diamond trading starts in this little cluster of stores and kiosks before filtering down to other hubs across the country.
How to Get to the NYC Diamond District?
The good news is that the Diamond District is one of the most accessible places in New York. It is located in mid-town, and all modes of transportation cross through.
For Subway (our top recommendation): The B, D, M, and F trains all stop at the 47th Street Rockefeller Station, which is the 6th Ave entrance of the Diamond District. The N, R, and W trains also run through 49th Street. The E train is a little further out but is close enough to walk. It arrives at 5th Ave and 53rd.
For Buses: 5th Avenue has non-stop buses running up and down the Avenue throughout the day.
For Taxi, Uber, Juno, Via, and Lyft: Every driver will know where the Diamond District is, and they’ll drop you off on 47th Street.
If you want to drive into the City, it will be virtually impossible to park on the street without getting a ticket. We recommend parking at the Icon Parking (one street over on 46th between 5th Avenue and 6th Avenue).
Click here for the directions straight to the Icon Parking. Please be aware that parking in New York City is a little costly.
What time does the Diamond District NYC open?
The Diamond District typically opens later than other commercial districts in New York. The shops and booths typically open at 10:00 am and close at 5:00 pm. Some stores will open and close earlier, but generally, these are the best times to come and visit the Diamond District.
Insider Tip: If you’re coming from out of town, try to avoid scheduling an appointment during lunchtime. All the business people will be on the street for lunch, and there will be extra congestion and slowdown.
During December you can expect the stores to open earlier and close later. Also, don’t forget to factor in the traffic and additional pedestrians during the holiday season.
What You Need to Know Before Visiting the Diamond District
First off, research and education are the keys to jewelry success. Learn all you can about jewelry. Remember the four Cs in particular.
Here is a list of the topics that we recommend researching before heading out to the Diamond District:
- The 4’c of diamond grading – Carat, Color, Clarity, and Cut (Read More)
- The Anatomy of an Engagement Ring (Read More)
- Jewelry Eras and Styles – Art Deco, Edwardian, etc… (Read More)
- The Differences between the Precious Metals (Platinum, Gold, and Silver)
- The Kimberly Process (Read More)
- Styles of Engagement Rings (Read More)
All these elements come together to determine a diamond’s quality, how much it’s worth, and, most importantly to some, what type of reaction it gets from onlookers. These are just the basics. To learn more about jewelry and diamonds, click here.
How to Avoid Scams in the NYC Jewelry District
As wonderful as the Diamond District is, there are many pitfalls for those who aren’t careful. It would be impossible to list them all, but we tried to compile a list of the most important things to look out for.
How to Avoid being Scammed in NYC Diamond District?
- Only buy from a seller with lots of positive reviews. (Please note that if a jeweler doesn’t have any Google or Yelp Reviews, they probably deleted their accounts to prevent you from seeing their negative reviews.)
- Don’t buy jewelry without certification and documentation. No exceptions.
- Only buy from a jeweler who knows how to answer jewelry questions. If he doesn’t know much about his jewelry, it’s a massive red flag!
- Never buy/sell (or even interact) with the “jewelers” (or hawkers) who may approach you on the street.
- Only buy jewelry from a company with a proper return policy and warranty.
- Never buy from a company that tries to rush you into the purchase, even if they offer you a great price to buy on the spot.
- Make sure everything you agree upon is written on your invoice or receipt.
If you want to know the tips on how to negotiate for a better price on 47th Street, read our insider guide over here.
Advanced Tips for Success in NYC Diamond District
Here are our top rules for getting the best price, having a good experience, and most importantly attaining the highest quality jewelry.
- Schedule appointments with the jeweler in advance. If they’re prepared, you will get more time, and they will also ensure that they have everything ready to give you the best experience.
- Avoid the shops or booths that face the street (47th Street). Those premium stores may look appealing, but the prices are usually overpriced. The jewelry offices and boutiques above the ground floor are usually where you will find better deals and products.
- Come to the appointment with a good knowledge of the jewelry industry. The more you know, the less likely the jeweler will try to play tricks. We strongly recommend using our jewelry blog to improve your general knowledge. We have 200+ high-quality articles on all jewelry-related topics (especially investment and antique jewelry).
- Ask questions and show excitement about the jewelry that you like. Jewelers would rather sell to someone excited about their jewelry, even if it means making less profit.
- Negotiate. It’s not rude. Just be kind and respectable, and you’ll likely get a discount. Here’s our complete guide on haggling for jewelry.
Diamond Grading Reports
Though most wholesalers and retailers are entirely legitimate, some aren’t on the up and up. This issue isn’t exclusive to New York’s Diamond District; it’s true of cruise port jewelry sellers in the Caribbean, vendors in London and Paris, and everywhere else across the globe.
Don’t just take the vendor’s word when it comes to the quality and value of a diamond. As a consumer, you have every right to see a grading report before handing over your credit card. GIA and AGS, the American Gem Society, set the industry standards as far as grading goes.
Several diamond certifiers provide sub-par grading and official-looking reports for the benefit of the seller, so beware of imposters. Some of them are difficult to distinguish from the real deal. Don’t be shy about asking for a report, and check it out thoroughly. Honest and authentic vendors won’t hesitate to oblige.
Best Jewelry Store in NYC Diamond District
Estate Diamond Jewelry. Specializes in rare and high-end jewelry, rare gemstones, engagement rings, earrings, and wedding bands. Website Link.
We will add more jewelry websites soon. Stay tuned.
Pick Your Shops in Advance
We always recommend planning your stores in advance. Don’t go to 47th Street unless you know which stores you plan to visit. Do research on the store before visiting.
Again, this tip doesn’t apply only to the Diamond District in Manhattan. It’s a global scenario. If someone meets you on the street and tries to usher you into a specific store with a lot of smooth words and flashy deals, just resist. When a vendor talks fast in order to lure in customers, something is amiss.
Plan your day in advance and only visit those stores.
How to Shop Around?
As with any major purchase, there’s no shame in seeking out a better deal. Having said that, don’t go through the NYC Diamond District looking for the bargain of the century. You’re bound to find a lower price somewhere else, but rates shouldn’t vary drastically from one shop to the next regarding equal quality diamonds.
If a specific diamond costs $5,000 at a reputable store, and you go into another store and they offer you the same diamond for $500, the cheaper option is probably a scam.
Understand the Return Policies
Never purchase a diamond without knowing a store’s return policies.
A handful of shops operate on the “all sales are final” premise, while some allow only returns. If a store doesn’t have a proper return policy, don’t buy from them.
With an investment like this, you don’t want any unpleasant surprises after the fact. Be sure to ask about vendors’ return policies and get them to produce in writing. If you don’t have a paper trail, you could easily find yourself out of luck should something go wrong.
Places to Eat in the Diamond District
Shopping is exhausting. Jewelry shopping is even more tiring.
There aren’t many places to eat within the Diamond District itself, but there are a few:
- Sushi Fussion is a fantastic sushi and fish restaurant. (26 W 47th Street)
- Taam Tov – An Uzbeki restaurant known for its mouth-watering delicacies. (41 W 47th Street)
- Grab and Go – A wonderful Kosher deli hidden between stores in the middle of 47th Street (20 W 47th Street)
This list will be updated with the rest of the restaurants.
Street Scammers
As with all places where there’s money involved, people will try and take advantage of those who don’t know better. The actual street of 47th Street has people who may approach you and try to get you to buy or sell jewelry.
Ignore them.
Any person who doesn’t have a store or a reputation that can be effectively tracked is not someone with whom you want to do business. This rule applies to both buying and selling!
Jewelry Appraisers in the NYC Diamond District
It is very important to ensure that any diamond or jewelry that you purchase is genuine. If your seller doesn’t provide you with an appraisal, we strongly recommend bringing all purchases to get appraised. In addition, for insurance purposes, you will need an appraisal. The NYC Diamond District has a few appraisers on 47th Street who will accept walk-ins and give you proper service.
Here are some of the appraisal companies that we recommend:
1. Universal Gemological Lab (Our Top Pick)
71 West 47th St #1002
Phone Number: (212) 921-3324
www.uglinc.com
The Universal Gemological Lab (UGL) is open from 10:30 am – 5:30 pm. Their service is fantastic, and everyone is so friendly, but more importantly, they are experts. They’ve all been trained by the GIA and their assessments and appraisals are accurate.
Another notable advantage of the UGL is its proficiency with vintage jewelry. We send so many of our vintage rings to them due to their expertise in all things old.
2. Gemological Appraisal Industry
30 West 47th St #505
Phone Number: (212) 575-2071
www.gailab.org
The Gemological Appraisal Industry (GAI) is also located in the center of 47th Street (closer to 5th Avenue) and will be able to assess your diamond or jewelry.
3. Gemological Appraisal Laboratory of America
580 5th Ave #2906 (entrance located on the corner of 47th Street)
Phone Number: (646) 606-2769
www.gemlab.com
The Gemological Appraisal Laboratory of America (GAL) is located in the 580 building. They have a great reputation and produce fantastic appraisals.
New York’s Diamond District is a sight to behold whether you make a purchase or just spend a day or two window shopping. Arm yourself with knowledge about diamonds as well as the retailers and wholesalers offering them along West 47th Street.
Aside from empowering yourself with knowledge of diamonds themselves, take matters a step further. Research the vendors in NYC Diamond District that you’ll be visiting. Take your smartphone with you, and check out their online reviews as well as their statuses with the Better Business Bureau.
Stick with vendors who have upstanding reputations and a track record of customer satisfaction, and take the time to take it all in before making a final purchase. If you shop by these standards, you won’t walk away disappointed.
