Chicago diamond buyers – Jewelers Row!
Wish to sell your diamond Jewelry in Chicago? Contact us for a free appraisal
or visit our Chicago store at 5 S Wabash Ave # 1920.
If you live in Chicago and are looking to sell your diamond jewelry, you don’t have to make the trip to New York’s famed Diamond District. Among the city’s many attractions and historical landmarks is Jewelers Row. Chicago diamond district is as exciting and lively as New York’s, and you can sell your precious gems at the best price!
A brief history
The enigmatic Jewelers Row district runs along Wabash Avenue between East Washington and East Monroe streets. The area is enchanting with beautiful buildings dating back to 1872 and 1941 in various styles, from early skyscrapers to office and commercial buildings, stores, and lofts occupied by small manufacturers. On July 9, 2003, the district was officially named a Chicago Landmark.
Where to sell
The thrill and bustle of the diamond district are akin to that of New York’s. There is an abundance of pawnshops offering cash for diamonds juxtaposed with famed brands, such as Tiffany & Co. Besides the countless jewelry stores is the iconic Jewelers Center building that houses around 200 diverse jewelers. As such, if you are visiting explicitly to sell your diamonds or jewelry, it is impossible to see all the stores in one day. Also, bear in mind that rents in the area for most of the jewelry stores are exorbitantly expensive. Covering overheads may push buyers to offer less. Your best bet is to research and make a list of the most established buyers known, respected and recommended for their honesty. If you don’t, you can’t guarantee an excellent deal.
Tips to remember
We have written several blogs on what you should know about your diamonds before you sell them—for example, having them certified so that you know their actual value. Another topic covered was finding jewelry buyers who voluntarily belong with industry associations with a strict code of ethics and best business practices. These associations include the Responsible Jewellery Council (RJC), The Jewelers Board of Trade® (JBT), Jewelers of America (JA), and others.
Another point is the issue of selling to a wholesaler vs. a retailer. As B2C companies, retailers have to cover expenses like marketing, sales, and operating and maintaining brick-and-mortar stores for consumers. These overheads could impact the price they will offer you for your used items.
A combination would be ideal. DNR Diamonds, located in NY and Chicago, is not just a diamond buyer but one of the foremost international wholesale diamond importers and manufacturers. Cutting out the middleman enables the company to buy jewelry in cash at the highest market price. DNR also offers free appraisals to give you a fair idea of your items’ value and the price you should expect. The company has a reputation as trustworthy, and for that reason, DNR should be on the top of your list of which buyer to visit first in Chicago!