When buying and selling gold and fine jewelery in NYC, the Diamond District New York is the best place to do so. The Diamond District in NYC is located in the heart of Midtown, on 47th street between Fifth and Sixth avenue. On each corner stands a diamond shaped pylon. During the holidays, festive decorations, flowers and banners are placed to greet the consumers.
The Diamond District New York is a historical district in the United States. In 1941 the Diamond District New York was moved from the Financial District in lower Manhattan to Midtown. The Jewish diamond professionals migrated from Europe during World War II to escape the German Nazi’s and continue their business as dealers in the Diamond District New York. The Jewish dealers remain dominant in the industry and work mainly in the Diamond District in NYC.
The Diamond District in NYC is one of the main centers of trading in the world’s diamond industry. Around ninety percent of diamonds in the United States travel through New York. The Diamond District in NYC experiences a great amount of traffic on a daily basis. The Diamond District in NYC is known to generate approximately $400 million on a single day’s receipt.
The Diamond District in NYC employs over 2500 people. Since there are such a great amount of expert dealers and extreme amounts of merchandise, the Diamond District New York provides the lowest prices on gold and fine jewelry. The highest pay outs for selling gold and fine jewelery in the Diamond District New York is also a beneficial factor. Another advantage in buying and selling gold and fine jewelery in the Diamond District New York is the variety of merchandise and dealers to compare and negotiate with.