It’s only a block long, in the heart of New York’s theater district. Most diamonds imported into the United States find a brief home there, on 47th street, between Fifth and Sixth avenues. This is where diamonds are acquired, brokered, exchanged, cut into sparkling jewelry and sold.

If you’ve done your homework, know what to look for, are careful and good at haggling, the conventional wisdom is that you can save up to 50 percent, maybe even more, on diamonds and other jewelry purchases in the Diamond District, when compared with department and chain jewelry store prices. As a shopper’s bazaar, few areas of this dynamic city have more security. Inconspicuous video cameras cover the area like a blanket as police in street clothes and private security personnel mix with and keep an eye on shoppers and pedestrians.

Read Full Story