Transcript
Page 1: The Diamond District of NYC

The Diamond District of NYCA brief history of New York’s jewelry mecca

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Diamond Districts Worldwide

• There are many “diamond districts” throughout the world:• London, England • Antwerp, Belgium • Mumbai, India • Ramat Gan, Israel • Johannesburg, South Africa

• But one of the most bustling centers for all things diamonds and jewelry in the western world is the Diamond District in New York City.

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NYC Diamond District Location• The Diamond District is located on West 47th

Street between Fifth Avenue and Sixth Avenue.

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The Move to 47th Street

• Originally, NYC jewelers and diamond dealers congregated in downtown Manhattan on Maiden Lane and Canal Street.

• In the early 1900s, financial institutions began to show interest in moving to the downtown area, and rents began to rise.

• Over time, buildings were erected specifically to entice jewelers to move to 47th street, and by the 1940s, the present day new NYC Diamond District had been born.

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The Modern-Day Diamond District• The Diamond District is made up

of more than 2,600 independent businesses, all of them dealing in diamonds, jewelry, precious metals, and gemstones.

• While some jewelers have their own shops along this strip, most have booths in the 25 jewelry exchanges located in this area.

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Sales Snapshot

• The average day’s trade value in the NYC Diamond District is estimated to be around $400 million.

• Approximately 90% of diamonds in the US enter through NYC’s Diamond District.

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About MGS

Manhattan Gold & Silver (MGS) is a precious metals refiner that has been based in Manhattan’s historic Diamond District since 1985. We are a B2B company that buys and recycles precious metal scraps that accumulate in other businesses. We serve:

• Jewelers• Pawnbrokers• Dentists• The industrial sector• Antique dealers• Machinists • Domestic mining• And more!

• MGS also creates charts, calculators, and other online tools for our customers to use.• Try our Precious Metals Prices app, which lets you monitor the real-time precious metals

market situation from anywhere, right from your iPhone, iPad, or Android device.

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Recycle your Precious Metals for Profit• MGS accepts gold, silver, platinum, and palladium.

• Payouts are based on the London Fixing.

• Up to 99% payout (among the highest in the US)• Up to 98.5% for gold brought in for hand testing.

• Not in NYC? Ship us your precious metals using our Ship & Sell service which offers:• Same day wired payment (once lot is received)• Discounted, insured shipping• Payout calculator

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Connect with MGS

• For amazing facts, history and news, read our gold and precious metals blog.

• Join the conversation about precious metals on the MGS page on Facebook.

• Follow gold, silver, and other precious metal trends at the MGS Twitter account.

• Circle MGS on Google+ to hear our latest updates.

• If you do business with us, connect with us on the MGS LinkedIn page.

• To see precious metal melting and refinement in action, visit the MGS YouTube channel.


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