New York Diamond District is the primer shopping spot for diamonds, gemstones, fine jewelry and watches.

47th street, located between Fifth and Sixth avenues, in Midtown Manhattan has been known as the NYC's Diamond District since the 1920s. It was founded by jewelers from the Bowery, Canal and Fulton streets who moved uptown to form today's Diamond District.

In fact, this one city block handles the world's largest diamond and jewelry transactions. According estimations, around a half billion dollars exchanges hands in just one day in the Diamond District. No wonder that over ninety percent of diamonds and fine jewelry enter the United States go through the Diamond District. This makes New York's Diamond District one of the world's largest centers for diamond and jewelry, on par with London in the UK, Antwerp in Belgium, Ramat Gan in Israel, Mumbai in India and Johannesburg in South Africa.

Diamond District is not just the constellation of jewelry stores and exchanges with all jewelry items imaginable. It's also a home of the Diamond Dealers Club {DDC}, Gemological Institute of America {GIA}, International Diamond Institute {IGI}, European Gemological Laboratory {EGL} and other diamond and jewelry boards, arbitration systems and authorities. Wholesale businesses, foundries, panbrowker shops, jewelry supplies vendors, headquarters of the major national jewelry chains are also located in NY Diamond District. Here shoppers, many of whom seeking one-of-a-kind bargains, can find any type of diamond, gemstone, fine jewelry or watches they are looking for in this one of a kind shopping district, true gem in New York's array of other unique places. Many stores on 47th street are opened for business on Saturday and Sunday, as well as on major holidays.

 

How to Shop Jewelry. Contrary to the common opinion, diamonds may be treated to improve their appearance and conceal cracks and fractures by adding foreign substances. These "cured" dismonds are called "clarity enhanced", but their price could be much lower than for not-enhanced diamonds, since no "enhancement" is permanent and diamiond condition can deteriorate with time.To avoid buying "clarity enhanced diamonds" instead of non-enhanced diamonds, buy jewelry only from trusted sellers and always ask for certificate, issued by specialized institutions. Professional jeweler always can determine if the diamond was enhaced or not, and mark down its condition in certificate. > more

 


 
11.12.2011
Stars of Africa collection. The most famous and expensive jewelry department in Harrods of London announced arrival of the Stars of Africa collection by Royal Asscher. Items feauture fluid0filled sapphire domes, where assorted diamonds can move freely, generating an amazing effect of dancing, sparkling snowflakes. According to Royal Asscher part of the sales will be used to fund some construction projects in Africa.
 
 
10.12.2011
NHL Legend Ray Guy auctioned off his ring sets with diamonds.
Guy received his ring sets with 22 diamonds for winning NHL Super Bowl and had to auctioned it off as part of a bakruptcy case. Pre-sale estimate placed the value of this collection at $75,000 to $90,000, but in fact were sold for $96 thousands. IRS immediately took $63,000 and the rest were transfered to the Chapter 13 trustees, according the court order.
 
 
Where The Name 'De Beers' came from? De Beers was actually named after two brothers Johannel Nicholas de Beer and Diederik Arnoldus de Beer. De beers farm was bought by Cecil Rhodes when diamond mines were discovered on their property.
 
 
What is the size of the largest known diamond in the universe? Lucy, named after Beetles song, is the chunk of crystallised cabon almost 2800 miles accross, It was found recently in Centaurus constellation.
 
 
Curse of the Hope diamond. According to legend, this unique blue diamond, found in Golconda mines, was stolen from the statue in India and since then brought bad luck and even death to all who unwisely owned it, or even touch it.
 
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