Monthly Archives: August 2013

Why You Should Only Buy a Certified Diamond

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A diamond certificate is an expert third party opinion. It states the quality of every aspect of a diamond. Without this certification you are left to trust the jeweler’s estimates. This can cause a potential conflict because the jeweler is the one trying to sell you the diamond.

Buying a certified diamond will usually cost a little more because the diamond had to go through a lab of gemologists that have carefully graded every aspect of the diamond. This is a very minor expense that is worth many times its cost for your protection. There are thousands of labs that grade diamonds. They all offer their certifications in wonderful glossy folders, but you only should consider diamonds graded by three labs. They are the GIA (Gemological Institute of America), EGL (European Gemological Labs), and AGS (American Gem Society).

The most important fact that has to be the first criteria for a laboratory offering an unbiased, legitimate appraisal is that they are not connected in any way with buying or selling diamonds. These three labs all meet that requirement. Here at NYC Wholesale Diamonds we educate first to inform and protect the consumer. If you decide to view our extensive inventory of Certified Diamonds obtained directly from the source in Antwerp, you will find we sell diamonds at wholesale prices from all three of these labs. It would be our pleasure to meet with you to discuss each laboratory’s merits, and differences in their grading practices and procedures. These labs are paid to get the most accurate grades possible but some of the things that they grade have a bit of subjectiveness to them. Meaning the decision will have to be made by a human. A machine can just generate correct weight and dimensions, but not the actual diamond grade.

If the diamond that you are looking at has a certificate from a different lab, I would highly advise that you do some research immediately. This will in most cases lead you to reconsider your decision.

Feel free to call NYC Wholesale Diamonds to set up an in person Diamond Education Appointment with our founder and president Keith J. Saxe by calling (212) 719-2214. If you are searching for an engagement ring we can help you find the Perfect Diamond, Ring and Wedding Bands. Our personal consultation includes an informative lesson on the quality, pricing, and certification of diamonds. Locating the perfect, ideal cut diamond for maximum spectacular brilliance. Designing the perfect setting for the diamond. Advice on immediate protection by the least expensive insurance options. As well as advice on your actual proposal as its romantic significance will last a lifetime.

Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 25 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 and authors a blog at

Keith has a full service store located across the street from his private office and a San Diego factory showroom. He offers GIA, EGL and AGS 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, been recommended in the New York Times, and in CNN reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’. He recently had his Wedding Band Consumer Advice article published



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Sotheby’s to Auction Rare Blue Diamond Estimated at $19 million

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China’s economy is cooling, and Asia’s once rosy prospects look less shiny than they did two years ago, but this has not deterred Sotheby’s from choosing Hong Kong as the place to sell a rare multimillion-dollar diamond in October. The auction house announced Monday that the stone, “The Premier Blue,” will be sold on Oct. 7 as part of Sotheby’s regular twice-yearly auction series.

The stone weighs 7.59 carats and is about the size of a shirt button. Its size, vivid blue color and round cut — highly unusual for colored diamonds — make it exceptionally rare, and Sotheby’s expects the stone to bring about $19 million, Quek Chin Yeow, deputy chairman of Sotheby’s in Asia, said in an interview before Monday’s announcement. That, he said, would be a record per-carat price for any diamond.

The choice of Hong Kong as a place to sell the stone underlines just how important Asia has become as a consumer of luxury items, as rapid growth has swelled the ranks of the ultrarich.

“Since about 2006, 2007, Hong Kong has ranked alongside Geneva and New York as a center for jewelry sales,” Mr. Quek said. “It is now the third pillar of the global jewelry market.”

That the rapid growth has slowed has generally not dented the ability and willingness of these superrich to spend. The rich generally remain rich even when times are worse, luxury industry analysts said.

Moreover, Mr. Quek said, Asian buyers tend to be more willing than their Western counterparts to seek out buying opportunities during uncertain times, often making purchases with an eye to potential price increases down the line. And when it comes to diamonds, they tend to like round cuts and colors — another reason for auctioning the Premier Blue in Asia rather than in Europe or the United States.

Sotheby’s is previewing the stone and other auction items around Asia, including in Beijing, Shanghai, Bangkok, Singapore, Jakarta and Taiwan — a reflection of the regional spread of buyers.

About 25 percent to 30 percent of the money spent at the Hong Kong art and jewelry auctions comes from mainland Chinese buyers, but Hong Kong buyers are also very active, as are Singaporeans, Indonesians, Taiwanese and southeast Asians, Mr. Quek said.

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Peridot, the August Birthstone

%Jeweler NYC %NYC Wholesale DiamondsNYC Wholesale Diamonds designs a wide selection of styles with Diamonds complementing Peridot, the birthstone for August. Peridot (pronounced pair-a-doe) is the gem variety of olivine. Peridot is the birthstone for August and the zodiac stone for the constellation Libra (astrological sources refer to peridot as Chrysolite). Peridot is associated with the values of fame, dignity, protection, and success.

Olivine, which is actually not an official mineral, is composed of two minerals: fayalite and forsterite. Fayalite is the iron rich member and forsterite is the magnesium rich member. Peridot is usually closer to forsterite than fayalite in composition although iron is the coloring agent for peridot. The best colored peridot has an iron percentage of less than 15% and includes nickel and chromium as trace elements that may also contribute to the best peridot color.

Gem quality peridot comes from the ancient source of Zagbargad (Zebirget) Island in the Red Sea off the coast of Egypt; Mogok, Myanmar (formerly known as Burma); Kohistan, Pakistan; Minas Gerais, Brazil; Eifel, Germany; Chihuahua, Mexico; Ethiopia; Australia; Peridot Mesa, San Carlos Apache Reservation, Gila County, Arizona and Salt Lake Crater, Oahu, Hawaii, USA. The best quality peridot has historically come either from Myanmar or Egypt. But new sources in Pakistan are challenging that claim with some exceptional specimens. The Arizona gem material is of lesser quality, but is far more abundant and is therefore much more affordable. An estimated 80 – 95% of all world production of peridot comes from Arizona. The Myanmar, Pakistani and Egyptian gems are rarer and of better quality , and thus quite valuable approaching the per carat values of top gemstones. Possibly the most unusual peridot is that which comes from iron-nickel meteorites called pallasites. Some are actually faceted and set in jewelry.

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Wedding Rings for Non-Traditional Couples

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Here at NYC Wholesale Diamonds we specialize in Diamond Engagement Rings and Wedding bands. Many clients and friends have recently asked with new laws allowing same sex marriages, what types of rings do these couples favor. The following is an opinion piece from The Hollywood Reporter on this topic.

At every wedding comes some variation on the part about “With this ring, I thee wed.” But for same-sex couples, the choice of “this ring” more often reflects their own individual personalities and taste rather than stodgy old conventions. “I could never see myself wearing a traditional round wedding ring with a diamond that could get caught on things,” said filmmaker Leanna Creel.

So her partner, producer Rinat Greenberg, had a ring designed with three square-cut diamonds in a smooth setting “that kind of looks antique.” For the “very nontraditional” Rinat, they settled on a Xen steel band with an embedded diamond from OK on Third Street, after they noticed a similar style on some friends.

At Garde on Beverly Boulevard, owner Scotti Sitz said rings from contemporary designers Satomi Kawakita (“delicate”) and a local, Venice-based Naomi Maslon (“not all girly”), are popular with customers.

“They don’t do matching, they like to mix it up,” she said, recalling, “there was an eternity band with black diamonds all around that we did as a special order but the partner wanted a solid 18-carat band with no stones.”

Even when they veer classic, couples avoid the humdrum. When New York private equity investor George Doomany and his partner, fashion executive Norman Goldblatt, went to Tiffany’s, they passed on the standard marriage bands and settled on matching white-gold Atlas rings with its openwork circle of roman numerals.

“People always ask what it is supposed to mean. The numerals are hours on a clock and represent the circle of time and on into perpetuity,” he said.

Similarly symbolic, the Cartier Love ring adaptation of the iconic bracelet from the lovin’ late ‘60s, with its signature screw fastening and unisex styling, has time-honored appeal.

“In the end, the good thing about gay weddings is that you can do whatever you want,” said Creel, reflecting on that fact that two such non-traditionalists both ended up with diamond rings. “You get to rewrite things and there are no expectations. I found a lot of freedom in that.”

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Hot Summer Jewelry Styles of 2013

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By midsummer, it’s almost a given that your hot-weather wardrobe is starting to look a little . . . dull. It’s understandable. After all, this is basically the no-man’s-land of fashion: too hot for fresh fall looks. Too late in the sale cycle for new summer duds. And too sweltering to think about wearing much at all. But there’s a secret upside to this fashion abyss: This is also the time of year when a really fab accessory starts to look especially enticing—and make the most impact, to boot. For maximum style rejuvenation, skip winter’s neon baubles and last summer’s overplayed bubble necklaces and refresh your look with one of these five jewelry trends. Pick one or two, or try all five: We promise it’s the fastest way to make the same three sundresses feel suddenly new again.

The Hand-Piece
This ring-bracelet hybrid combines everything we love into one awesome piece. These styles run the gamut from sweet and simple to majorly ornate, but we’re especially feeling the statement-making potential of the more intricate types.

Stud Earrings Singles
Who ever ruled that your earrings must be an identical duo? A little asymmetry is always welcome in our world. Switch things up by wearing two different posts—try your initials, or combine geometric metal shapes.

Stackable Band Rings
Not that we don’t still love us a giant cocktail ring—because we most certainly do—but there’s something super chic and totally fresh about the current crop of slender, minimalist rings. Wear them alone or in multiples, either stacked or anchored above the knuckle (our pick!).

Chain Lightweight Bracelets
Such a feminine counter to the chunky cuffs of earlier seasons. Try these lightweight chains solo, layered, or worn with a watch.

Ear Cuffs
So dramatic! While most of the most current jewelry looks are trending delicate, we love the sheer glamour of ear cuffs, which offer an attention-getting design with chunky stones or gleaming metals.

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Brides and Grooms Say “I Do” With Color

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NEW YORK, July 31, 2013 /PRNewswire via COMTEX/ — Colorful Engagement Rings and Wedding Bands Spice Up Bridal Jewelry

When it comes to wedding trends, color is hot! The color trend continues with engagement rings and wedding bands for women and for men. Bridal jewelry has traditionally been dominated by white diamonds. However, with personalization becoming increasingly important to brides and grooms, colored diamonds and colored gemstones are quickly becoming a way for them to showcase their distinct personalities.

“Some of the hottest styles of bridal jewelry are those with a jolt of color,” says Amanda Gizzi, spokesperson for Jewelry Information Center, the consumer education arm of Jewelers of America. “Hot colors include champagne, brown, pink, yellow, black and gray which are giving a modern yet timeless twist to engagement rings and wedding bands.”

With engagement rings, color can be used either as a center stone or as accent stones. Using bold accents of color engages couples who have a distinct style and want a ring that is unlike that of their other family and friends but still want to have a white diamond center stone. Fashionable engagement ring styles include those with unique patterns of colored diamonds.

Engagement rings with colored diamond or gemstone center stones are also popular. One popular style is the “halo” setting which has a center stone surrounded by a ring of white diamonds. The halo design is highly thought of because it makes the engagement ring look larger than other settings.

In addition to engagement rings, colorful wedding bands are being embraced by both men and women. “Men and women want a wedding band that speaks to their individuality,” adds Gizzi. “Black diamonds are especially hot in men’s rings as they are chic yet masculine.” Pairing colored gemstone or diamond wedding bands with a white diamond engagement ring is a great option for the woman who loves color but wanted a traditional diamond engagement ring.


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