Buying Diamonds In Nyc
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Most consumers assume that the Diamond District is full of deals and that they can buy diamonds at wholesale prices. People who believe that are delusional and it is important for you to have realistic expectations.
One common trick jewelers employ to misrepresent their diamonds is through the use of appraisals with overly inflated values and shady grading certification. Bear in mind that NOT all grading certification are made equal.
In order to know exactly what you are buying and that the diamond is being represented correctly, you should only consider diamonds graded by GIA (Gemological Institute of America) or AGS (America Gem Society).
For me, the rule I abide to when buying diamonds is simple; NO REFUNDS = NO PURCHASE. Speaking from both a professional and a consumer point of view, I will only buy diamonds from vendors who offer NO QUESTIONS ASKED refund policies for 14 to 30 days.
Is it important to appraise the diamond engagement ring after buying it My friend advised me to get a separate appraisal performed on the same day after buying any jewelry from the NY diamond district. I also read that we should get an appraisal done in order to check the quality of the engagement ring.
If you had heeded my advice above and only stick to buying diamonds graded by GIA or AGS, an appraisal may not be necessary. The reason why many people often advice getting your jewelry appraised is due to the rampant scams and misrepresentations that happen in the diamond district.
When you say Lumera Diamonds is like Blue Nile and that you are buying blind what exactly does you mean They say all there diamonds come with a GIA certificate but this is all new to me so I am sure there is more to it then that. If you could just briefly elaborate on what buying blind means.
The advice I would give universally when it comes to shopping for diamonds is: read Beyond4cs.com in full before hitting the stores; whether online or offline. The resources here will equip you with knowledge to avoid scams and ripoff tactics .
Also, do you know anything about Anzor They have quite a website. I am looking for a channel band of sapphires and diamonds in the $1000 range, so not the diamond of my dreams. Do I dare buy online from them They are a 47th St jeweler. Thanks.
You can practically walk into any stores to try rings to see what type of designs she prefers. The keyword here is try and not buy. Taking note of prices and types of diamonds being sold would also do you good. Once you get an idea of what she wants, you may want to refer to this list of reliable vendors to do serious shopping: -place-to-buy-engagement-ring/
You will be much better off working with a vendor who sells properly graded diamonds and the ability to cherry pick your own stone. One of the best places to buy an engagement ring at New York City would be James Allen. They have a showroom you can visit with a pre-booking of an appointment.
Regarding buying a watch, if you buy it from an authorized dealer you have to pay list price. If you buy it from a wholesaler there is a significant discount. Just make sure the watch has papers. Usually there is a warranty too. However, the warranty is not a make it or break it; to pay full price for a warranty (which will only cover some problems, that you may have, which will either way not be that expensive to fix) is ridiculous.
Pricing depends on a lot of factors and I cannot offer you a clear cut answer. JamesAllen.com specializes in large sized fancy shape diamonds and have the channels to source for them. Give them a call or visit their showroom at NY.
I think the romance of New York got into our brains. A simple google search may have prevented us from making a mistake, which was buying a diamond ring in this district. First shop on the left. Had it valued here in Australia and we have truly been conned. Very angry and sad.
On the bustling West 47th Street between 5th and 6th Avenue in Midtown Manhattan (just a stone's throw from Times Square), you'll find over 2,600 jewelry stores selling everything from diamonds, gemstones, fine jewelry, gold, watches, to estate pieces. Some are individual stores and some are in large exchanges where up to 100 jeweler counters compete for attention.
Today, the New York City Diamond District is the gateway to the world's largest consumer diamond market. About 90% of the diamonds imported into the U.S. pass through it first. Diamonds are the State's largest export and the district alone generates over $24 billion in annual sales.
As soon as you walk in, you're overwhelmed with sparkly window displays housing hundreds of rings and other jewelry. Salesmen may approach you and persuade you to come in and \"take a look.\" It's easy to fall into the shopper's trap. There's no harm in looking at some diamonds and trying on a few styles, but make sure you have a plan.
Know where to go: Generally speaking, the shops closer to the 5th Avenue side of the Diamond District are higher in quality. The 6th Avenue side has more flashy exchanges with dozens of jeweler counters. Be cautious. In general, we don't recommend buying from jewelers who only show you complete rings. You want to be able to compare loose diamonds.
R&R Jewelers: This family-owned store by brothers Rami and Robert has been in business for over 30 years. Their goal is to make each customer feel valued, appreciated, and acknowledged. They have a large inventory of handpicked loose diamonds and designer jewelry, and they are also happy to do custom designs.
Jangmi Diamonds: Easily the most popular store in the New York Diamond District, this store deserves the hundreds of 5-star reviews it has due to over 30 years of trust and credibility. The Kims and their staff are all highly knowledgeable and patiently help customers find their dream ring. All their diamonds are GIA certified.
The New York Diamond District can be described as a high-pressure zone. You'll see a lot of salesmen out on the sidewalk trying to lure you in to show you their \"great deals\" and \"low prices\" on diamonds.
If you're at a store and feel like the salesperson is pushing the hard sell or is using shady tactics (be on the lookout for things like \"This awesome deal only lasts today\" or \"Normally the price is $XXXX, so I'm giving you a good deal!\"), then walk out. You should always feel comfortable and happy about the purchase. Plus, deals on diamonds don't exist.
Ask to examine the diamond. A good store will let you examine the diamond with a professional jeweler's loupe and even light performance tools. If a store does not let you examine and compare diamonds, or claims that a diamond is high-quality without offering any proof, that's not good. Take your business to another store that's upfront with their information.
Make sure you get a certification from a reliable lab. We recommend only buying diamonds with a GIA or AGS report, as these are the two most reliable labs . Other labs may not grade to the same standards, meaning a diamond graded as having a color of H by one lab might actually only be a J when rated by GIA or AGS.
Fancy yellow diamond scams. Are you looking for a yellow diamond You can easily be duped on the color. Yellow diamonds (commonly called canaries) are naturally colored and are rarer than white (or colorless) 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.
Back alley and estate diamonds. These are diamonds sold on the secondary market (estate is just a fancier-sounding name). In other words - someone else owned it. Maybe this doesn't bother you, but you should know its origination. For example, was it stolen How many people owned it These are just a few questions that pop in my head.
Single cut vs. full cut. Single cut diamonds have 17 or 18 facets (as opposed to the normal 57 facets), so they are not nearly as brilliant. Small side diamonds (or melees) are often single cut, because they are too small. If your center stone is single cut, though, you will notice a HUGE difference in brilliance.
Avoid hawks. These so-called salespeople try to sell you deals that are too good to be true. Some may not sell diamonds directly, but try to convince you to visit a specific store. In exchange, the hawks get a small commission if you purchase the diamonds. The police are cracking down on these salespeople, but you will still find them throughout. They're more prevalent on the 6th Avenue side.
But watch out: diamonds that are cut too shallow just means poor cut. They don't reflect as much light, so they look more dull. But the term \"spread\" sounds better than poor cut, right Don't be fooled.
Grade bumping. The Federal Trade Commission legally allow jewelers to be off one grade in regards to color or clarity. As you can imagine, many jewelers take advantage of this to bump up the grade of their diamonds (even up to 2 grades). This means they can sell a diamond for much more than it's really worth.
Clarity enhanced diamonds. This means that flaws have been manually removed. The most common method is the laser drill. It means the diamond had some type of flaw that the dealer drilled out and filled. This makes the dark impurity disappear. However, this may make the diamond weaker. And also makes it worth less. But a scammer could try it sell it to as a higher-clarity diamond.
Color enhanced diamonds. You can actually turn a yellow/brown diamond white by using a high temperature, high pressure (HTHP) treatment. Again, this makes the diamond more brittle. And you're paying more for a low-quality diamond. The Federal Trade Commission requires that any artificial enhancements be disclosed on the report. This is another reason why we only recommend you buy GIA or AGS certified diamonds. 59ce067264
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