A big NYCWD congratulations to Don and Katherine who are now enjoying a celebratory trip in Spain! We wish you all the joy and happiness!

Here is what Don had to say on Yelp about his experience with NYC Wholesale Diamonds

%Jeweler NYC %NYC Wholesale Diamonds
“I’d like to thank Keith Saxe for his professionalism, expertise and for working with my budget. After searching through a number of wholesalers, and looking through price scope, blue nile, etc…, Keith simply offered the best price per carat on my 1.5 F VS1 Cushion that looks awesome. He worked with me on payment and shipping to make the buying process easy. He really cares about his reputation as a trustworthy merchant, and it was a pleasure to do business with him. He’s a real gentleman, and when my friend came back to pick up the GIA certificate on another date, he went the extra mile and cleaned her earrings for free. I proposed last night, and my girlfriend said yes. Thank you, Keith.”

Call NYCWD to find your perfect diamond! (212) 719-2214 or Email KS@nycwd.com

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Our latest Yelp review just came in from Deb in Austin, TX.  Thank you, Deb, for all of your kind words!

%Jeweler NYC %NYC Wholesale Diamonds“Buying a diamond online, that you don’t see, can be scary.  My dad (a clothier for 45 years) always said, “if you don’t know your merchandise, know your merchant”.  This applies to Keith 100%.I spoke to a lot of online, diamond store reps, in my search. My best advice is: Call Keith first!!”

Deb F.

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%Jeweler NYC %NYC Wholesale Diamonds

Positive Industry Update
Sentiment is improving with rising expectations for an important, upcoming Hong Kong show. Suppliers are hoping polished prices with catch up to rough prices, enabling a return of profits in the diamond manufacturing sector. Steady prices are expected at next weeks De Beers sight.

The demand for fancy shape diamonds are improving slightly with shortages of fine quality for large Pear and Ovals. Cushions are making a comeback and emeralds are selling better than princesses.

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We are feeling the love this Valentines Day!

Here is our latest Yelp review from Don in beautiful California.

“I’d like to thank Keith Saxe for his professionalism, expertise and for working with my budget. After searching through a number of wholesalers, and looking through price scope, blue nile, etc…, Keith simply offered the best price per carat on my 1.5 F VS1 Cushion that looks awesome. He worked with me on payment and shipping to make the buying process easy. He really cares about his reputation as a trustworthy merchant, and it was a pleasure to do business with him. He’s a real gentleman, and when my friend came back to pick up the GIA certificate on another date, he went the extra mile and cleaned her earrings for free. I proposed last night, and my girlfriend said yes. Thank you.”

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The Heart Wants, What the Heart Wants
This Valentines Day give a gift to that special someone that is their true desire.  NYCWD has a magnificent selection of beautiful Diamond Hearts, Earrings and Bracelets.  All featured items are available in white, yellow or rose gold, varying diamond weights, and price points.

Here are our select Valentines Day Designs
Call 212-719-2214 or Email KS@NYCWD.com to order
%Jeweler NYC %NYC Wholesale Diamonds
Diamond Heart Necklace
3.50 Carat G color VS2 Clarity
#N6265

$3,800

%Jeweler NYC %NYC Wholesale Diamonds

GIA Certified Diamond Studs
2.80 Carat I Color SI1 Clarity
Excellent Cut Grade
#5591
$18,950

%Jeweler NYC %NYC Wholesale Diamonds

Diamond Initial Necklace
Customized Satin Finish
#N1175

$395
%Jeweler NYC %NYC Wholesale Diamonds
Diamond Heart Necklace
1.00 Carat Angled Style
#N5857

$1,750

%Jeweler NYC %NYC Wholesale Diamonds

Diamond Hoop Earrings
2.50 Carat G color VS2 Clarity
Our most popular hoops design
#E4348

$2,975
%Jeweler NYC %NYC Wholesale Diamonds
Diamond Pave Heart Necklace
0.75 Carat G color VS2 Clarity
#N8138

$985

%Jeweler NYC %NYC Wholesale Diamonds
Diamond Tennis Bracelet
8.00 Carat G color VS2 Clarity
Our most popular bracelet design
#B395

$9,850
%Jeweler NYC %NYC Wholesale Diamonds
Diamond Heart Necklace
1.50 Carat Angled Style
#N5874

$2,475
%Jeweler NYC %NYC Wholesale Diamonds

Unique Large Diamond Heart
10.00 Carats of Fine Diamonds
18kt Gold
One of a Kind
Call for pricing

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!
* A complete selection of custom designed diamond and men’s wedding bands.

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 | 800-247-8478
Email Keith

NYC Wholesale Diamonds
47 West 47th Street
Suite 3A
New York, NY 10036

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 29 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 at www.NYCDiamondBlog.com. Keith has recently been named to The Diamond Council of America, is a member of the Jewelers Board of Trade, and Jewelers of America. 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 IMPORTANCE OF AN ACCURATE APPRAISAL

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NYC Wholesale Diamonds President Keith J. Saxe and his NYC Diamond Blog have featured many articles on the importance of having an accurate appraisal and insuring your engagement ring. He so firmly stands behind his appraisals offered on every purchase, that his name is pre-printed on the appraisal which he personally hand writes and signs.

This also holds true for all your valuable jewelry. It is not easy to establish a guideline for the value in which you should begin considering insuring fine jewelry. Every individual situation is unique, but a value of $4,000 for each piece can be accurate in most cases. Jim Donovan, Angie’s List 13-time Emmy Award-winning consumer reporter has written a wonderful article on this important topic. Here it is, enjoy!


Do you have any valuable pieces of jewelry in your home? When was the last time you had them appraised?

Megan Wright searched all over her house for her missing engagement and wedding rings before finally finding them in her closet.

“My four-year-old daughter had been in there playing dress up — swiped my rings, probably tried them on herself, and she left them in the toe of my shoe,” said Wright.

Fortunately, they were recently appraised, which is important if you want to replicate lost jewelry because appraisals provide detailed descriptions.  “When you want to recreate the piece they’ll be enough detail — the stones, the metal, the weight, the quality of the stones — that you’ll get back exactly what you had. If you have a vague appraisal, then it’s possible you’ll end up with a ring, but it won’t be the same quality or value you had originally,” said jeweler Greg Bires.

You’ll also need an appraisal if you want your jewelry insured.  “Having your jewelry appraised can make sure you have it valued at the correct amount, especially with the fluctuation we’ve seen in gold prices.The pricing and value of your jewelry can and does change over time, so you want to be sure you’ve got it insured for the right amount. If it does end up lost or stolen, you get the right return,” said Angie’s List founder, Angie Hicks.

It’s a good idea to have your items appraised every three to four years. You should expect to pay anywhere from $25 to $65 dollars per item.

More from Angie:

• An appraiser inspects the item to make sure it’s wearable and that there is no damage. The appraisal marks every detail (measurements, number of stones, type of metal, weight, etc.)

• Your appraisal should also include a photograph and a replacement value – what it would cost to recreate the piece.

• An appraiser can help separate the valuable jewelry from the costume jewelry.

The appraisal process:
• Bring in the item, not a picture, for the appraiser to examine.

• Bring the appraiser copies of any sales receipts or other documentation you have about the items being appraised.

• Tell the appraiser anything you know about the item’s origin or where it was purchased.

• The appraiser will then take a few days to research the item’s history and the marketplace.

• You should receive a written report describing the item itself, the reasons for its valuation, and which type of value was done, for example – replacement value, fair market valueor market value.
How do you know what to appraise?

• Costume jewelry/base metal/plated – not worth appraising

• “Real” metal but not expensive – describe and photograph it for your records, but don’t appraise.

• “Real” stones/metal that you couldn’t easily afford to replace within 12 months – get an appraisal and get it insured. If you’d have to save up to replace it, it’s worth the appraisal and insurance rider.

Angie’s List Tips: Hiring an appraiser

Appraising jewelry for resale or insurance can be a challenge. It’s important to know whether a diamond or stone is real in order to get an accurate estimate of value. Some fakes are difficult to spot. Therefore, it’s wise to have a professional appraise any jewelry of value.

• Start by defining your objective: Do you want an appraisal done for insurance purposes? For estate purposes? To find out your piece’s fair market value?

• Work with a jewelry appraiser who has been trained and certified: Ask if the appraiser is certified by such organizations as the Gemological Institute of America and the American Gem Society. Pick someone who has been in the businessfor a while with a physical address.

• Steer clear of an appraiser who charges a percentage of the appraised value. Hourly fees or flat rates are acceptable. Expect to pay anywhere from $25 to $65 per item. A good appraiser should review all items and establish a rate with the customer before beginning the process. Money saving tip:It can also be more cost effective to bring in a number of pieces at once, rather than appraising them individually.

• Appraisals should not take much more than a day, so be wary if the appraiser wants to keep your jewelry much longer than that. Most appraisers recommend making an appointment and will go over your items with you on-site. If you do leave your jewelry, request a receipt that itemizes and describes each piece.

Tips to manage your valuables:

• Preserve your valuables. Have your items cleaned and checked annually.

• Keep the items in their original state. Know that altering a piece may lower its value.

• Consider getting your item re-appraised every three to five years. For items in highly volatile markets, its best to get them re-appraised annually.

• Keep the descriptions of your jewelry in a location separate from the actual jewels. A good place is with your homeowner’s insurance policy. For jewelry handed down through the family, add a description of where the piece came from and keep it with your appraisal information so the next generationcan know its significance.


 

NYCWD is here to help with all of your jewelry needs, beyond just selecting the perfect ring.  Deciding if and for how much to insure your valuable jewelry for can be an overwhelming decision.  Give NYCWD a call and we can help you figure out your options, find a policy, provide quotes, and supply appraisals for insurance companies.

NYC Wholesale Diamonds
47 West 47th St
Suite 3A
New York, NY 10036
(212) 719-2214
KS@NYCWD.COM
 
A unique, personal jeweler Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 29 years. He is the founder and president ​of NYC Wholesale Diamonds Inc. 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 ​recently been named to The Diamond Council of America, is a member of the Jewelers Board of Trade, and Jewelers of America​. 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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