I'm not a diamond kind of gal. I don't quite get the fuss, but when I saw the Hope Diamond at the Smithsonian National Museum of Natural History this summer I thought, now that is impressive. If you are a person who is into diamonds, heading to the Diamond District in New York is one way to save lots of money for a gem--more than 50 % if you hit the right dealer who is willing to bargain down.

That's because almost all diamonds entering the U.S. have a New York City stopover where they are cut, polished and sold before they end up in jewelry stores elsewhere. Reading about the Diamond District in Si Liberman's article in the Columbus Dispatch reminded me about going a mall of outlet stores, but the deals are better on the diamonds.

I did receive a diamond as a gift once. It came in a small plastic bag, with a zip-lock top. From what I recall my friend got it from his sister's best friend's father's jewelery store. The store was out on Long Island, but the father made frequent trips to the Diamond District for his diamond goods. My friend explained how he picked it because it had the elements of an excellent diamond: cut, color and clarity. It wasn't big (carat weight is the other value marker) because that would have knocked it out of his price rang. He bought the best he could afford and I had it made into an earring, but alas, it was stolen one of the few times someone broke into my apartment when I was living in Albuquerque. This was one of the only two pieces of jewelry taken. Someone knew what he was doing. (The photo diamonds are fake.)

If you do go to the Diamond District don't just buy from anyone. Make sure you are at a reputable dealer and find out if the diamond has been altered to get rid of flaws. It doesn't mean you shouldn't buy it, but the value isn't as high.

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