Emerald, the May Birthstone

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Emerald is the green variety of beryl, and a symbol of rebirth believed to grant the owner foresight, good fortune, and youth. Emerald is derived from the word smaragdus, meaning green in Greek. 

In its finest quality, Emerald is the rarest of the colored precious stones…even more than Ruby and Sapphire.  Chemically, it is a beryllium-aluminum silicate whose color is due to small quantities of chromium compounds. The emerald was highly esteemed in antiquity; the stones were used for ornaments in early Egypt where some of the first emeralds were mined. The finest emeralds are found in South America in Colombia, where they have been mined for over 400 years. The gem was a favorite in pre-Columbian Mexico and Peru, where it was cut in intricate designs. The treasure taken back to Spain by early explorers included emeralds. Good emeralds are the most highly valued of gem stones. India, Zimbabwe, and Australia are minor sources of the natural stones.

NYC Wholesale Diamonds carries a full line of Emerald and Diamond Fine Jewelry. Our President, Keith J Saxe has custom designed Diamond and Emerald Engagement Rings for over 25 years.

A unique, personal jeweler who works nationwide, Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 26 years. He is the founder and president ​ of NYC Wholesale Diamonds located at 47 West 47th Street Suite 3A in the New York City Diamond District. His website is www.NYCWD.com and he authors a blog www.NYCDiamondBlog.com. ​Keith has a full service store located across the street from his private office,​ and ​a San Diego factory showroom. He offers GIA Certified Ideal Cut Diamonds,​ and state of the art fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, national gift reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’

 

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Our Magnificent Summer / Fall 2015 Designs!

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~~NEWS: Here is the latest inside industry update on all fancy diamond shapes:

Ovals hot, Princess not. Cushions steady, Pears improving. Hearts slow. Good demand and firm prices for very large, top quality fancy shapes. U.S. demand supporting market for commercial-quality fancies, especially for sizes under the carat. Larger sizes stable. Far East fancy demand weak. Buyers are very selective and insisting on excellent-shape proportions. Significant price differentials between excellent and average-cut fancies. Off-make, poorly-cut fancies illiquid and very hard to sell, even at very deep discounts.

Our most recent Yelp review…..Thank you so very much for the kind words Brad!

Keith came highly regarded…I emailed back and forth prior to my appt with him and he had all my options ready to go. He then built the ring with the 3 GIA cert stones I picked and I had it Fed-Ex to me in VA the following week! The ring is perfecto! And one other thing is no one and I mean no one can touch his pricing. 1st class experience and 1st class ring built from scratch…Not many rings come with GIA certs for the side stones… I will never shop anywhere else again… Thanks Keith S.

Brad D
Chesapeake, VA

 

Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 26 years. He is the founder and president of NYC Wholesale Diamonds located at 47 West 47th Street, Suite 3A in the New York City Diamond District. His website is www.NYCWholesaleDiamonds.com and he authors a blog www.NYCDiamondBlog.com. Keith has a full service store located across the street from his private office, and a San Diego factory showroom. He offers GIA Certified Ideal Cut Diamonds, and state of the art fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, CNN reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’ http://www.theknot.com/weddings/album/a-preppy-upstate-wedding-in-aurora-ny-144122

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ROUND DIAMOND PRICE DROP OPPORTUNITY​ & ANALYSIS (UPDATE)

NEWS: Here is the latest inside industry update that arrived today and will serve as a follow-up to our diamond price article.

Ovals hot, Princess not. Cushions steady, Pears improving. Hearts slow. Good demand and firm prices for very large, top quality fancy shapes. Prices for curves improving slightly. U.S. demand supporting market for commercial-quality fancies, especially for sizes under the carat. Larger sizes stable. Far East fancy demand weak. Buyers are very selective and insisting on excellent-shape proportions. Significant price differentials between excellent and average-cut fancies. Off-make, poorly-cut fancies illiquid and very hard to sell, even at very deep discounts

 

Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 26 years. He is the founder and president of NYC Wholesale Diamonds located at 47 West 47th Street, Suite 3A in the New York City Diamond District. His website is www.NYCWholesaleDiamonds.com and he authors a blog www.NYCDiamondBlog.com. Keith has a full service store located across the street from his private office, and a San Diego factory showroom. He offers GIA Certified Ideal Cut Diamonds, and state of the art fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, CNN reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’ http://www.theknot.com/weddings/album/a-preppy-upstate-wedding-in-aurora-ny-144122

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SUMMER TRAVEL JEWELRY CARE

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May arrives on Friday, so summer is close enough to touch! Here at NYC Wholesale Diamonds our president Keith Saxe has been helping clients deal with issues that arise from not being prepared to care for their treasured jewelery for over a quarter century. Here is some extremely useful information that will help prevent any issues before they occur.

Weekend getaways, jaunts to the beach, and full-fledged vacations are perks that pretty much come with the territory during the summer months, so it’s no wonder that summer fashion tips such as what to wear, what to pack, what to buy—are at the forefront of our minds right now.

One thing, though, that’s not quite as readily on our radar is the idea of jewelry, and how the summer months might affect our pieces. Namely, how we can protect our beloved rings, jewelry, necklaces, and earrings from the season’s elements, and how we can keep them secure while jetting off somewhere sun-filled.

Our jewelry can take a serious bruising when exposed to summer activities such as lounging in the sand, applying suntan lotion, and traveling. Whether your summer plans include a weekend trip or a week abroad. Here are some helpful hints to keep in mind while you enjoy the beauty of summer

1. Sunbathe without your Gems
Sunscreen can coat gemstones, which reduces refractive and reflective light. Essentially, this means your stones won’t be as brilliant or bling-y. To avoid this, leave your fine pieces at home if you’re heading to the beach or the pool for the day, and be sure clean them regularly all summer. Check NYC Diamond Blog’s April 3, 2103 entry for tips on regular Diamond Jewelry maintenance

 2. Organization is key when traveling.
When jumbled together, your jewelry doesn’t always get along. For example, a diamond can scratch a pearl, and a bracelet can get caught on a necklace, so always pack pieces in individual soft cloth pouches or lined jewelry boxes to prevent scratching, dulling, and the dreaded tangling of chains.

3. Keep it safe.
When selecting a hotel, be sure that safe deposit boxes are available. Never leave fine jewelry unattended in a hotel room, a rental car, or on a lounge chair—even if you’re just popping over to the bar for a mojito.

4. Shopping for something new? Do your research.
Oftentimes, vacation destinations are also prime shopping destinations, so if you get the urge to commemorate your trip with a new fine jewelry purchase make sure you’re buying from a jeweler that’s been in business for several years. When in doubt, check a retailer’s reputation and rating with the Better Business Bureau (www.bbbonline.org) and always ask for an appraisal. The appraisal should always have the store’s letterhead, and a clear signature of a member of store management.

5. Before you go away, be sure your jewelry is adequately insured.
If you decide to bring an especially valuable piece on vacation—perhaps your engagement ring, a pricey watch, or a family heirloom—always be sure it is fully insured. Always obtain insurance through your homeowners or renters policy, it is safe and more affordable than you would imagine.

A unique, personal jeweler who works nationwide, Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 26 years. He is the founder and president ​ of NYC Wholesale Diamonds located at 47 West 47th Street Suite 3A in the New York City Diamond District. His website is www.NYCWD.com and he authors a blog www.NYCDiamondBlog.com. ​Keith has a full service store located across the street from his private office,​ and ​a San Diego factory showroom. He offers GIA Certified Ideal Cut Diamonds,​ and state of the art fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, national gift reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’

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ROUND DIAMOND PRICE DROP OPPORTUNITY​ & ANALYSIS

Our Diamond Inventory Search Engine will guide you through our most complete and compelling inventory in every cut, clarity, color and carat weight!

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Every indication was that diamonds, currently priced as the most undervalued commodity in decades, would appreciate significantly throughout 2015​. While gold, platinum and silver have more than quadrupled in price, diamonds remained very close to the same price levels as at the beginning of this decade.

Here at ​NYC Wholesale ​Diamonds we have been expecting significant increases in round diamond prices this year, and for many years to come. This opinion has been shared for many reasons by leading Wall Street analysts, and continues to be the mainstream consensus of diamond industry leaders. The reality is that in the short term the opposite has happened, as round diamond prices have now dropped twice this year. This creates a rare buying opportunity to take advantage of due to this short term blip on an upward diamond price trend that will most definitely continue going forward.

The three key factors that have contributed to this price drop all appear to be short term in nature. Let’s review them beginning with the demand and supply curve. Diamond inventory levels became much higher than anticipated due to the industry overestimating the demand for exchange traded diamond funds. These funds that were introduced earlier this year need to physically purchase round diamonds as fund shares are purchased, removing them from the supply side.

Secondly, the diamond industry has been hit by a lending drought after KBC Groep NV said it’s winding down its Antwerp Diamond Bank unit, a source of finance for 80 years to the network of companies that trade, cut and polish diamonds in the Belgian port city. Other lenders, including ABN Amro Bank NV, have cut the proportion of gem purchases they were willing to finance due to pricing concerns. Any time banks tighten credit to the industry, it forces traders, cutters and polishers to sell more inventory as well.

Last but far from least is the slowing of demand from the two strongest emerging economies, China and India. Government restrictions on imports have been the culprit here.

“The biggest thing really is the tightening liquidity,” said Ed Sterck, an analyst at Bank of Montreal. “If you’re a cutter or polisher of rough diamonds whose available liquidity is being reduced you’ve got to adjust your inventory. Selling inventory to increase cash has the knock on effect of increasing the supply of polished diamonds.”

As the economy recovers, diamond and jewelry demand will grow rapidly. There has already been a 3 percent growth in global demand for diamond jewelry in 2014 to $81 billion.. De Beers is also committing billions of dollars over the coming years to a number of projects.

Opportunity is knocking for those who have been waiting to purchase a diamond for their very special love. Those seeking an investment alternative to 1% interest rates, and an uncertain toppy stock market are emerging as well. Here at NYC Wholesale Diamonds we are committed to finding you the best quality and value GIA certified ideal cut diamonds. Always at wholesale level pricing, and with a personal education on grading, maximum value, and the industry. Just view our extensive diamond inventory at http://www.nycwholesalediamonds.com/diamond-inventory/  Click on the diamonds that you desire, and we will guide you through the exciting process at your own chosen pace.

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I Offer My Clients the Finest Selection of Diamonds, Engagement Ring Designs, and Custom Wedding Bands all at the Lowest Wholesale Prices!

My Exclusive Personal Consultation to You Includes: 

* An informative lesson on the quality, pricing, and certification of diamonds. 

* Locating the perfect, ideal cut diamond for maximum, spectacular brilliance.

* Finding and/or custom designing the perfect ring setting for the diamond.

* Advice on immediate protection by the least expensive insurance options.

* Advice on the actual proposal as its romantic significance will last a lifetime!

Our promise is to always offer ideal cut diamonds that display maximum brilliance at all times. Round, Princess, Cushion, Asscher, Radiant Cuts in quality designs hand made in gold and platinum.


Call Keith directly at (212) 719-2214 or (800) 247-8478

Keith J. Saxe
Founder/President

NYC Wholesale Diamonds

47 West 47th Street

Suite 3A

New York City 10036

(212) 719-2214

KS@NYCWholesaleDiamonds.com

 A unique, personal jeweler who works nationwide, Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 26 years. He is the founder and president​ of NYC Wholesale Diamonds located at 47 West 47th Street Suite 3A in the New York City Diamond District. His website is www.NYCWD.com and he authors a blog www.NYCDiamondBlog.com. ​Keith has a full service store located across the street from his private office,​ and ​a San Diego factory showroom. He offers GIA Certified Ideal Cut Diamonds,​ and state of the art fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, national gift reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’

 

 

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THE CASE FOR PLATINUM WEDDING BANDS

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Here at NYC Wholesale Diamonds we are thrilled to help our happily engaged couples with our magnificent selection of quality wedding bands. The debate between platinum and white gold is complex, and really depends on many variables. The following is the case for why men should choose Platinum Wedding Bands.

Congratulations to all you soon-to-be grooms. Now that your wedding is only months away, your jewelry collection – just a watch, huh? – is about to increase by as much as 50 percent.

Meaning, it’s time to start thinking about what kind of wedding band you want for yourself.

Wedding bands have become the norm for men in recent years

– 97 percent of grooms in The Knot Market Intelligence’s “2011 Engagement & Jewelry Study” opted for one – so even if you have any doubts, your bride will probably set you straight. That means your only real decision is what kind of band best suits you.

To hear CNNMoney.com tell it, there are basically two camps: those who “don’t want to compromise” when it comes to quality (platinum bands), and those who feel they cannot afford the best and therefore need to settle (bands made from alternative metals). But, as jewelry expert Michael O’Connor points out, that doesn’t really give the whole picture.

“It’s true that platinum is so rare – 30 times more so than gold – that if all the world’s supply were melted and poured into an Olympic-size pool, it would barely reach your ankles,” O’Connor says. “But men’s platinum bands start at $500.”

That turns out to be pretty comparable to the cost of the two most popular alternative metals: titanium and tungsten carbide. Both are perhaps best known for being used to make fighter jets. Cool, right? Well, yes, but that also means they’re intrinsically lightweight and lack the heft of platinum.

“Most men prefer something that feels masculine on their finger,” says O’Connor.

There are other facts to consider, too. Tungsten and titanium jewelry will need special reconditioning if scratched, and cannot be resized. Even the more popular white gold will require rhodium replating to restore its white color due to wear over time. And while platinum – as all precious metals – can scratch, the metal is simply displaced on the surface of the ring, meaning very little metal is lost in wear. That makes it the most durable family heirloom that will last generations.

Still confused? Then ask yourself this question: How committed are you to your future wife?

If the answer’s what we think, then know that platinum has traditionally symbolized a relationship that will endure since it doesn’t fade or change color. “That’s the kicker for a lot of couples,” says O’Connor.

Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 26 years. He is the founder and president of NYC Wholesale Diamonds located at 47 West 47th Street Suite 3A in the New York City Diamond District. His website is www.NYCWholesaleDiamonds.com and he authors a blog www.NYCDiamondBlog.com. Keith has a full service store located across the street from his private office, and a San Diego factory showroom. He offers GIA Certified Ideal Cut Diamonds, and state of the art fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, CNN reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’ http://www.theknot.com/weddings/album/a-preppy-upstate-wedding-in-aurora-ny-144122

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