Why is it called the Diamond District NYC?

The history of the Diamond District in NYC began in 1795 on a Manhattan street called Maiden Lane. It was here that diamond merchants first established a base of operations to sell diamonds from all over the world to high society patrons. So, they began to collectively relocate to uptown Manhattan.

Is the Diamond District legit?

The Diamond District is the world’s largest shopping district for diamonds. This is one of the premier diamond centers in the world, with over 4,000 wholesalers and retail jewelers crammed into a few city blocks.

What is the Diamond District?

A diamond district is an area where the cutting, polishing, and trade of diamonds and other gems takes place. There are a number of these districts around the world, including: Antwerp diamond district, Belgium. Bharat Diamond Bourse, Mumbai, India.

What streets is the Diamond District?

The Diamond District is located on West 47th Street between Fifth and the Avenue of the Americas ( Sixth Avenue ) in midtown Manhattan.

Who owns the Diamond District NYC?

Most of the shop owners and workers are Hassidic Jews, Russians or Indians (three groups that dominate the diamond trade on the wholesale and manufacturing level as well). Walking down the street you will also notice plenty of armed guards for the shipping companies and police officers patrolling.

Who owns the diamond district?

Todd Schusterman I was born into a family who had spent their lifetimes in the jewelry business. My Grandfather opened his first jewelry store in 1919. My Father followed in his footsteps, took over his family business in the mid 50’s, and ran the company until his death in 1987.

Are Jason and Todd related?

The friendship between Jason and Todd is the story behind the store – and it started in 1989 in Ohio. “I grew up in the business,” Todd explains. “My family had a business for 76 years.” “When we closed that family business in 1989, I went to work for another jewelry retailer,” which is where Todd met Jason.