(Closed) Diamond district.. That much cheaper???

posted 5 years ago in Rings
Post # 2
Member
2087 posts
Buzzing bee

I don’t know about the nyc diamond district, but I do know that we also spent about half price by shopping locally (local jewelers, not chain stores) so I wouldn’t be surprised

Post # 3
Member
681 posts
Busy bee
  • Wedding: June 2015

You’d probably have to check it out in person.  My only experience with the diamond district was with a jeweler that sizes rings.  Cost was about the same as elsewhere in the city.  I really don’t think anyone can give you a reliable answer online.

Post # 4
Member
4258 posts
Honey bee
  • Wedding: February 2009

When I was searching for a diamond they were not cheaper.  They would be cheaper than the mall or some B&M retailers, but in my experience, not cheaper than another vendor that specializes in sourcing diamonds.

Post # 5
Member
377 posts
Helper bee
  • Wedding: September 2014

Yes – you can buy from wholesalers in the diamond district and get jewelery for much cheaper than what you would pay at a brick and mortar retailer. However, I would caution against buying from jewelers on the street level, as a lot of people get scammed there. You need to go to a jeweler on one of the upper levels. We got my ring from a jeweler there and it was appraised for 1.5 times what we paid for it.

Post # 6
Member
1770 posts
Buzzing bee
  • Wedding: October 2014

the diamond district is a great place to buy discounted jewelry but you have to be a good shopper and negotiator.

Post # 8
Member
888 posts
Busy bee

We did not find it cheaper, because they all used some diamond valuation report which fluctuated daily and was based on carat size threholds. But we did find that they had more extensive inventories – Darling Husband was looking for 3+ carat stones and distributors were the only ones that had a good selection of that carat weight in different shapes.  Within the size and specs that we wanted we found their prices equivalent to retail jewelry stores. One nice benefit of the jewelry district that we found was that we got to deal with the owners who had extensive experience in the industry versus a salesperson in a retail store who isnt going to be there in six months. We have been repeat customers and our jeweler guarantees all of his work, I have had to have missing stones replaced from eternity band, all at no charge without a time expiry on the guarantee (grrrrr…Tiffany – dont get me started). We did not use NYC district, but I wish I had checked out Leon Mege or Good Old Gold! Hope that helps, best wishes!

Post # 9
Member
213 posts
Helper bee
  • Wedding: September 2015

Ls413:  Appraisals don’t mean anything. They’re used to cover you replacing the piece for insurance but have nothing to do with the retail value of an item.

Every piece of jewelry I’ve ever bought has appraised for more than I paid. It’s not a metric of getting a good price against the market.

In general, I think the diamond district represents a bad deal and it’s a good place to get scammed. For every good vendor there, there’s dozens who are nothing more than crooks who will sell you an IGI or EGL diamond that is not even close to what they say it is. 

Post # 10
Member
9589 posts
Buzzing Beekeeper
  • Wedding: September 2015

If you KNOW diamonds, know vendors, have a wholesale connection, and drive a hard bargain, sure. For the masses it’s THE BEST place to get ripped off.

Post # 11
Hostess
9737 posts
Buzzing Beekeeper
  • Wedding: March 2014 - Chicago, IL

I watched some news special where they went down there and most of the diamonds they were selling on the cheap were clarity enhanced ones they were trying to pass off as not CE.

Post # 12
Member
377 posts
Helper bee
  • Wedding: September 2014

wntrwhte:  in my case, I bought from a wholesaler at a wholesaler’s price. I didn’t pay the giant markup that you would face at a brick and mortar retailer. I agree with MrsBueslebee’s post – you need to know what you’re doing and who you are dealing with. 

Post # 13
Member
2239 posts
Buzzing bee
  • Wedding: June 2015

Lizzy604:  Fiance went and found most of the diamonds to be really poor quality (and this is coming from a guy who knows next to nothing about diamonds). He ended up going to a local jeweler in his hometown where he found the diamonds to be much better – and the price wasn’t much different either. Like PPs have said, if you know what you’re doing, you may be able to get a good deal; if you don’t, you’re probably going to get ripped off. Fiance said the entire experience skeeved him out and made him way too nervous to even consider buying there.

Post # 14
Member
2573 posts
Sugar bee

If I am not mistaken your other account is hannarahn? Seems like you are getting way too worked up about an engagement ring. Yes an engagement ring is important but it is not worth upsetting your future Fiance with choosing something that will financially strain him. You are very lucky to have a beautfiul diamond that is both sentimental and FREE. Tacori rings are usually not cheaper unless the jeweller is getting out of selling them. They have a pretty standard price that jewellers are expected to fall into. Also a 1.5 carat will not just magically fall into budget if that was the case everyone would have one 🙂

Don’t let engagement ring shopping put you into such a frenzy, good luck with shopping

 

Post # 15
Member
2119 posts
Buzzing bee
  • Wedding: August 2014

If it seems too good to be true, it usually is. 

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