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TRAXNYCDiamond District · New York
Trays of gold chains under the lights of a 47th Street booth
From the store on 47th Street, since 2004

Stories, prices and know-how from the store on 47th Street: the people of the Diamond District, what things cost today, and how to buy right.

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Umid, TraxNYC's gold buyer, at the booth 10+years on 47th Street
Featured · No. 01 · Gold buyer

Umid: Ten Years on 47th Street

TraxNYC's own gold buyer on his first days in America, the three chains that never go out of style, and why ChatGPT can't price your gold.

"He asked me if I could take pictures. I said, 'Yeah.' And that's how it went on. The rest is history."Umid, gold buyer, TraxNYC
Read the interview

The 47th Street Interviews

Five people, more than 130 years on the block between them

47th Street

The walk from the subway to our window

The 47-50 Sts-Rockefeller Center subway entrance on Sixth Avenue
Off the subway at 47-50 Sts
Street signs at West 47th Street and Avenue of the Americas: W 47 St, Diamond Jewelry Way
Diamond Jewelry Way
A diamond-topped light tower at the end of the 47th Street block
A diamond tower marks the block
A man holding up a gold buyer's price sign on 47th Street
A gold buyer’s sign
A pawn shop's sidewalk board on 47th Street offering loans and buying gold, diamonds and watches
A pawn shop’s board
The TraxNYC window on 47th Street, gold chains on red displays
The TraxNYC window

Photos: Yan Do Amaral

Five checks before you buy a gold chain

In their own words

  1. The stampIf it says 14K, make sure it's stamped.Ankur
  2. The weight you're paying forThe weight that you're paying for.Umid
  3. Where it was madeIt could even say "Made in Italy," "Made in Turkey."Ankur
  4. Who you buy fromThey should buy from the right person, that is reputable and you can trust them.Henry Navi
  5. The quality of the goldThe first thing the client has to check is the quality of the gold they're being sold.Renato, translated from Spanish

56 years of gold on 47th Street

Told by the people who were there

  1. 1970
    Melting furnaces at a gold refinery
    Michael comes to the block. "When I came in, in 1970, there were three buyers." Gold was melted in a gas furnace with a blower. Read Michael →
  2. 1980
    Gold chains hanging at a 47th Street wholesale booth
    Gold hits $850 an ounce in January. The stores melt their inventory, and "the people were lining up." Henry Navi starts at the exchange, buying gold. The chain everyone wants: the rope chain. Read Henry →
  3. 2013–14
    Ankur, gold chain wholesaler
    Ankur goes into gold chains, on Maks's word to start on 47th. The standard: a solid curb chain, 3, 4, 5 millimeter gauge, 10 and 14K. Read Ankur →
  4. 2016
    Hands at a setter's bench
    Renato starts at a micro pavé setting shop. "Everyone wanted Cubans," he says. More than ten years ago, Umid came to see Maks on his second day in America. Read Renato →
  5. Today
    A handheld analyzer reading gold
    The Cuban "has been, and probably will always be" the most popular chain, says Umid. Ropes and Francos "are evergreen," says Ankur. "Can't go wrong." And now "everyone invents their own chain model," says Renato. Read Umid →

Shop the issue

The chains they talk about, in the store today

Watch

Two-minute films from the store

Play

A game from the store

The Assay Master holding a gold bar
The Smelt Pour the metal, hit Smelt, see what you made Ten jars of casting grain, a crucible and the Assay Master. Make 18K rose gold, sterling, purple gold, or a bar that cracks. Play the Smelt →

The recipe book: what's inside your gold, and every recipe the Smelt knows →

Guides

What things cost and how to check them, from the store

Ask a jeweler

Chat with a jeweler now, or call or text 212-872-9692. Our team texts back 10 AM to 10 PM ET; later texts are answered the next day. Or see it in person at 64 W 47th Street.

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The 47th Street Interviews: interviews and photographs by Yan Do Amaral.