Seller's guide
How to sell a diamond on 47th Street
To sell a diamond on 47th Street, bring the stone with its GIA or IGI certificate and the original receipt to several dealers in the Diamond District, between Fifth and Sixth Avenues, and get offers from at least three of them before deciding. Dealers on the block buy diamonds daily and pay based on the certificate grade and current wholesale market — not on the retail price you paid. Never accept the first offer, never leave the stone with a dealer without a written receipt, and be prepared for the offer to reflect wholesale pricing, which is typically below retail. On 47thst.now you can see which dealers are open right now and post a 24-hour listing so multiple dealers make offers through the board.
The selling checklist
- Bring the certificate (GIA or IGI) — without it, expect a lower offer.
- Bring the original receipt if you have it.
- Get offers from at least three dealers on the block.
- Never leave the stone with a dealer without a written receipt.
- Know that offers reflect wholesale market, not retail replacement value.
Ready to get offers? Post a listing on the board — it stays up for 24 hours and dealers respond through the app.