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The Indian Commodity Exchange (ICEX) will soon begin  to trade in polished diamond futures, becoming the first country to allow anyone to trade in diamonds on a commodity exchange, according to IDEX Online.

The plan awaits final approval from the Securities and Exchange Board of India (SEBI), with the formal launch set for March. Sanjit Prasad, managing director and chief executive officer of ICEX, told The Hindu: “There are around 80 diamond site-owners [sightholders] globally and we have got 20 of those on our exchange. Our mock trading saw participation from around 100 people. Once diamond contracts start trading on an exchange, it will become a financial investment product

Holidays are always a popular time to “pop the question”.  Maybe it’s the magic in the air, families all coming together, a time to reflect on what and who is important in your life…and this Holiday season, there was no shortage of love in the air.  NYCWD would like to send a big congratulations to all of our newly engaged couples!

Congratulations to Brendan and Nikki!

“I wanted to share that Keith is an absolute pleasure to work with through the shopping, evaluation, and decision process. He is responsive via email and truly client-centric in-person.

My fiancé was absolutely blown away by the diamond that Keith helped me select and I was very impressed by the whole team’s craftsmanship. I can’t thank him enough for helping to make our day so special.”

Brendan
Hoboken, NJ

Congratulations to August and Gina!

“Fantastic from farm to table, nose to tail, soup to nuts, beginning to end, whichever you choose! Keith explained everything about what to look for in your perfect stone, helps you through the whole process, and makes sure you get the best deal for your budget. I’ll never buy another diamond from anyone else. Thanks Keith!”

August
N.Y., N.Y.

Congratulations to Simon and his fiancé!

“She absolutely adores her ring! I catch her every two minutes looking at it and admiring it. I just wanted to thank you from the bottom of my heart for helping me along this journey and being there to answer all my questions and being flexible with me! I hope to meet up and discuss the details with you soon and one day bring my fiancé in to meet you as well, as I kept telling her about you afterwards!”

Simon

Congratulations to Adriana and Alex!

May God bless you with all the love and happiness and thank you for your service!

“Thank you very much, NYCWD, for helping me purchase my engagement ring. It went off without a hitch, and your sage advice aided me greatly! Thanks again!”

“U.S. holiday season driving positive sentiment.  Trump-effect expected to boost jewelry demand as financial markets climb to record levels.  Fed interest rate hike signal improving economic outlook.  Chinese, Indian and Middle East markets cautious.  Polished diamond shortages expected in 1Q as Indian production declines due to government demonetization scheme.  De beers 2016 rough sales  +36% to $5.8B.”

We would like to take a moment to give a big ‘Thank You’ to all of our wonderful clients out there, who continually write such positive reviews about us.

Here is our most recent review by Sean, on Yelp.

“As many of the other reviewers, I was looking to purchase a diamond for an engagement ring for my now fiancee and based on the stellar reviews set up an appointment with Keith. He blew away all of my expectations. I supplied my budget and desired specifications for the diamond and he showed me several diamonds that were within the price point and gave honest advice about each diamond. There was never any pressure and Keith made the whole process very easy. I left his office every time more excited to propose and to see my fiancee’s face.

I ran into an issue with the jeweler who would be supplying the setting and Keith did not skip a beat and had a custom setting made to my specifications. The entire finished product was beyond stunning and my fiancee was ecstatic. I cannot recommend Keith enough. He treats his customers with respect and puts great time and effort into his work and it shows in the pieces that are produced. Thank you Keith!”

Here at the NYCWD office, we are in the midst of Holiday proposal time, so we figured this is a perfect time to share some very valuable advice with all of the soon to be engaged couples out there.

Click the link to read our published article by NYCWD’s Keith Saxe on

The Right Time to Purchase a Wedding Band

A unique, personal jeweler Keith Saxe is GIA and FIT trained and has been a trusted high end diamond jewelry specialist for 28 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’

For inquiries call (212)719-2214 or Email KS@NYCWD.com

Search for your perfect ring anytime at NYC Wholesale Diamonds