The Value Of Shopping In The Nyc Diamond District
Ariella and I visited about 15 counters or shops in several of the exchanges . For the purpose of this article, I will focus on the three best options I found. All of them were GIA certified and excellent cuts.
The first choice was at one of the counters in an exchange. After going back and forth, they showed us a nice 1.07ct G SI2 in a pave setting for $8,500. The inclusion wasnt particularly great , so I will try to compare apples to apples here. I found a similar setting on Blue Nile for $1,330. I added this 1.05 G SI2 from Blue Nile for comparison. Adding them together and your bill comes out to about $6,111. So you are looking at a savings of almost 30% buying online over buying here.
After wandering a bit more, we ended up in a standalone store. Here we were shown a 1.53 E SI1 in a very simple pave setting for $15,800 . There was a small black inclusion, but otherwise the diamond looked fantastic. The setting was similar to this one from James Allen. Adding this comparable diamond and youll price out at $12,930 or about 20% cheaper.
The last shop we visited before calling it quits had some nice diamonds. The first they showed us was a 2.00 F SI1. The cut was a bit off but the inclusions were nice. Another issue was the medium fluorescence. The price though, was a very steep $22,000. Here is a nicer diamond from Blue Nile coming in more than $4,000 cheaper.
Why Shop At Haniken Jewelers Nyc
Haniken Jewelers, creators of fine jewelry, established since 1985 at 66 West 47th street, in the heart of New York’s famous diamond district.
George Haniken, the founder, started Haniken Jewelers with the vision of providing customers with high quality products at excellent values.
The Hanikens have been making custom-made fine jewelry for nearly four decades. Selecting beautiful diamonds and creating all styles of fine jewelry is their area of expertise.
In addition Michael, who is a GIA graduate diamond gemologist, hand-selects every diamond they offer at the store, which include GIA certified diamonds.
Ever since 1985, the family business is focusing on providing the best possible customer service: at all times our team is looking forward to helping you, our valued customer, to find the right gifts, engagement ring, wedding rings or simply a treat for yourself. Customer satisfaction, happy customers is always priority. The Haniken team looks forward to serving you.
How Much Do Engagement Rings Cost
The cost of engagement rings varies based on a multitude of factors including stone type, stone size, metal, and retailer. They can range anywhere from $100 to $100,000. Some retailers offer diamond price match guarantees to make sure you get the best price.
That being said, how much you are willing to pay for an engagement ring is completely up to you. It is best to go into this process with an idea of your budget as well as the most you are willing to spend on an engagement ring. Some retailers also provide payment plans so you can pay for your purchase over time instead of all at once.
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Let My Boyfriend Make The Final Decision & Then Wait To Be Proposed To :
Proposal happened June 2020 🙂
My boyfriend had the final say of which jeweler he wanted to go to. He eventually chose Jangmi because of the quality for the price, and we chose a round solitaire diamond, 6 silver prongs, thin basket, on a 14K gold band! We liked the round diamond because its such a classic thats easy to style with. We wanted 6 prong platinum because its more secure to hold the diamond in, the platinum blends in with the diamond, so you can see more of its brilliance, and 6 prong is what the classic Tiffanys setting was. The basket was thin because my boyfriend likes a more slender hold. We chose a 14k gold band over platinum just because of how it looked on my finger, and we chose 14K over the 18K gold also because of the color. Super happy with the ring, the love of my life, and the shopping experience.
It was super exhausting to learn all this information for a one-off moment, but hopefully my experience helps you all shop! Theres a million combinations for rings/bands/styles, so choose whats best for you! Happy love!
OH. & Get insurance for your ring!!!!!!!
PS: Get your nails done! I recommend Sundays Studio!
What You Get At Sea Wave Diamonds
- Excellent customer service
Location: 44 E 46th St, New York, NY 10017, USA
Customer rating: 4.9 Stars
In the business for over 40 years, Lauren B Jewelry offer a range of options when it comes to engagement rings. They go beyond diamonds, offering moissanite, gemstones and a wide variety of ring designs, including vintage and retro-inspired styles. The website is fantastic and very user friendly. The company is very active on social media, and you can access their fantastic designs via their social media platforms to gain an idea of what they offer and what customers say about them.
The bespoke service that Lauren B offers is very professional and they are known to be on schedule when delivering their work. Whats more, they keep you in the loop throughout the creation process. Lauren B offer excellent customer service and their staff are well versed in answering all questions. Lauren B Jewelry is one of the highest reviewed New York jewelry retailers and have a legion of loyal customers.
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What Finger Is An Engagement Ring Usually Worn On
While the engagement ring is often worn on the fourth finger of the left hand, also known as the ring finger, this may vary depending on your culture and beliefs.
In many countries around the world, engagement and wedding rings are worn on the right hand, and the increased popularity of mens engagement rings has meant many men choose to wear their engagement ring on their right hand, and their wedding band on their left hand.
What You Get At Taylor & Hart
- GIA-certified conflict free diamonds
Location: 19A W 47th St, New York, NY 10036, USA
Customer rating: 5 stars
Founded in 1978 in the popular Diamond District of New York, Sashka Jewelry is run by a husband and wife team with years of experience in crafting bespoke jewelry. They specialise in custom engagement and wedding rings, but also offer an extensive range of fine jewelry and watches.
If youre going to have a bespoke ring made, Sashka considers your budget and requirements, keeping you in the loop throughout the process. They offer a free consultation, during which they assist you to design the perfect ring as per your requirements. Whats more, youll be dealing directly with the owners. Sashka Jewelry is known for its competitive pricing, professionalism, customer care and for not employing pushy sales tactics, something that all customers can appreciate. Also, because they are a stand-alone store, they are able to provide complete privacy for their clientele.
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Blue Nile: Another Gold Standard Online Retailer
Over the years, whenever you thought about buying diamonds online you likely thought of Blue Nile, a company synonymous with online engagement rings. They built this market from the ground up and first developed eliminating the middleman by listing diamonds straight from their manufacturer.
Since the beginning, Blue Nile has created fantastic relationships with jewelry vendors and diamond sellers better than any other business in this industry. Thats why they have such a huge selection of settings and diamonds to choose from.
They slipped up and let James Allen grab a leadership role on the technological front over the past five years. But they have taken the necessary steps to eliminate the gap in technological prowess. Recently, they even introduced new types of video technology that will give James Allen a run for its money. Their intense approach to fulfillment has quickened the pace of their delivery while improving their overall quality control.
They stand proud as an industry leader, which helps them create excellent relationships with some of the best designers in the world too. Their biggest and best relationship is with the designer Monique Lhuilier. They sell a beautiful classic baguette engagement ring from this exciting designer.
Combine their streamlined business with great vendor and designer relationships and you have an amazing company that definitely gets our highest marks.
A Premier Spot: Buying And Selling Diamonds In The Nyc Diamond District
There are plenty of cities which have diamond districts, but New York City is unique. Places like Mumbai and Ramat Gan are exclusively designed for the wholesale level of the business while Jewelers rows in Philadelphia, Chicago or London are just there for the consumer with almost no presence of major diamond trading companies. Antwerp used to have a nice mix of both, but the diamond industry has been dying off there on both the wholesale and retail levels.
New York City, on the other hand, is one of the premier locations for consumers as well as one of the largest wholesale markets in the world. While Hong Kong has been growing in stature, the US market is still the largest, by far, for diamonds and jewelery. Virtually all of the major companies use NY as their entry point. This provides an extraordinary concentration of product into one area.
The retail and wholesale businesses seem to mesh together on 47th street. The most notable quirk is the language use. I remember the first time I heard an Indian guy use Yiddish terms to describe the diamond. Chazarei and Strop are common terms people use for bad diamonds. And you will constantly hear the phrase mazal u bracha when people handshake on a deal. It certainly adds flavor to the experience.
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Places To Buy Jewelry In New York
Location: 15 W 47th St #305, New York, NY 10036, USA. Customer rating: 4.9 Stars. I.D. Jewelry was established in 1986 and is a family-owned jewelry store conveniently located in the New York Diamond District. The company prides themselves on their experience and expertise as jewelers and focuses on transparency and educating the customer about diamonds before
What You Get At With Clarity
- Free engraving
Location: 15 W 47th St #305, New York, NY 10036, USA
Customer rating: 4.9 Stars
I.D. Jewelry was established in 1986 and is a family-owned jewelry store conveniently located in the New York Diamond District. The company prides themselves on their experience and expertise as jewelers and focuses on transparency and educating the customer about diamonds before they purchase.
I.D. Jewelers offer free consultations and excellent bespoke services. They have a very quick turnaround for custom pieces as most of their gemstones and metals are stored in house. Their online shopping experience is easy and convenient, with clear price listings and extensive catalogs to browse through. I.D. Jewelry does not only offer their own designs, as they also stock jewelry from other designers such as Gabriel Designs and Jeff Cooper.
The companys customer service is outstanding, and they will do all within their power to ensure that youre happy with their service. The only downside is that the showroom is not open on Saturdays so make sure you check the opening times in advance of your visit.
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Where To Buy Engagement Rings In Nyc: A Guide To The City’s Best Jewelers
Are you getting ready to pop the question but don’t know what to do about the ring? Find the perfect cut diamond or matching wedding bands from NYC’s famed ring designers. From center stones to art deco designs, if you’re shopping for engagement jewelry, there’s no place quite like New York City’s Diamond District.
Buying such an expensive piece of jewelry for someone else can be nerve-wracking. It’s so much easier to make the decision when you have a jeweler holding your hand through the process.
The only problem is figuring out where to go. You can go to a luxury chain store like Tiffany’s or Cartier. But you’re going to overpay at places like that.
Live in New York and want to find a jewelry store where you aren’t just paying for the name brand? Then read on to learn where to buy engagement rings in NYC.
What You Get At Id Jewelers
- Excellent customer service
Location: 5 W 47th St, New York, NY 10036, USA
Customer Rating: 4.9 stars
Sea Wave Diamonds is a company committed to providing ethically sourced jewelry at competitive prices. They have an extensive catalog of handmade engagement rings, featuring colorless and colored diamonds. We especially found their settings collection highly impressive, with hundreds of ring styles offered. If you purchase a compatible setting from them, you can have your diamond or gemstone mounted free of charge.
Sea Wave also provides customization services, and will involve you closely in the process, taking your feedback on board to create the ring youre after. You can book a free consultation with them and have a chat about what youre looking for. Their high-quality craftsmanship and excellent customer service make Sea Wave one of the best in the business.
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Tricky Lingo To Watch Out For
Finally, here are some lingo you may hear buzzing around the New York Diamond District. Familiarize yourself with them, so you don’t fall for any shlok .
- Fancy yellow diamond scams. Are you looking for a yellow diamond? You can easily be duped on the color. Yellow diamonds are naturally colored and are rarer than white diamonds. But watch out, not all yellow diamonds are a true fancy-color diamond.
Yellow diamonds have a different color grading scheme. They’re graded as: Fancy Light Yellow, Fancy Yellow, Fancy Intense Yellow, and Fancy Vivid Yellow. Colorless diamonds, on the other hand, are graded from D to Z. The lower the alphabet means the more yellow a diamond is. A sneaky salesman may try to sell you a low-colored diamond and say it’s a Fancy Light Yellow diamond.
You may hear the term “fancy” and be fooled into thinking it’s a rarer yellow diamond, when it’s really a low-colored white diamond. This makes for an easy scam.
We Looked At Online Only Retailers Like Blue Nile James Allen Brilliant Earth To Understand Different Diamonds And How It Impacts Price
Its 2020, so its super easy to shop for engagement rings online! These three websites help aggregate different diamonds, and there are a lot of filters to play with to see how certain things impact price. I suggest going through these sites to get an idea of which diamond shape you like, the prices, and what varying levels of clarity look like. They all have 3D images of the diamonds with virtual try-ons, so go have fun! I dont know anyone who bought their ring online like this, so I cant speak to the experience, but it did help us feel more confident in what to expect in terms of pricing.
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Find The Perfect Engagement Ring
Whether theyve already said Yes or youre looking for a piece to take their breath away when you ask the question, selecting an engagement ring is a momentous and deeply personal occasion. Choosing a womens or mens engagement ring signifies the beginning of the wedding preparations, and the start of your married life. To find the perfect engagement ring, its important to focus on the style and personality of the wearer and select a piece that will not only suit them, but that they will love to wear for a lifetime. Consider if their style is modern or vintage, opulent or simple, and select the stone, cut, carat and setting that best matches their style. You may decide on a round brilliant cut diamond set in a white gold band for a timeless and simple style, or a pear shaped diamond or oval cut sapphire to make a modern statement. Whatever design you choose, keeping your partner front and centre while making your selection or involving them in the process will ensure you find a piece they will treasure forever. To get started choosing an engagement ring your partner will love, view our helpful guide.
Where Is The Nyc Diamond District
While it sounds huge, the Diamond District actually doesnt take up much space. It runs on 47th street between 5th and 6th Avenue in Manhattan. You cannot mistake the entrance as you walk on 5th Ave. Two giant diamond motif street lights flank the crosswalk, signaling you have come to the right place, the jewelers say. The energy is palpable people rush up and down the street buying, selling, and making deals.
Even the Gemological Institute of America, which is the worlds foremost authority on diamonds, gemstones, and pearls, resides there. However, the District wasnt always in Midtown Manhattan. According to the Smithsonian, it began on Maiden Lane, four blocks north of Wall Street, from the mid-19th century until the 1920s. Then, wealthy banks increased rents in the area, subsequently forcing the District to 47th Street.
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