NYC-based precious metals and luxury goods buyer specializing in gold, diamonds, watches, coins, and silver. Offers same-day cash payouts with transparent in-person evaluations.
Data compiled from public sources · Google rating shown when a stored review count is available
Buyers of New York is a jewelry and precious metals buyer operating from a Diamond District location (30 W. 47th St.) in Manhattan with 24/7 availability. The company has over 30 years of experience in the jewelry industry and positions itself as a reported buyer for high-value items including diamonds, gold, luxury watches, coins, and fine silver. Their business model centers on purchasing used, inherited, damaged, or unwanted precious items and offering short-term cash access payment.
The company's core service offerings include buying diamonds (loose stones, engagement rings, rare and exotic gems), gold jewelry (10k-24k purity, including broken and scrap items), luxury watches (Rolex, Patek Philippe, Cartier, Hublot, and other brands), precious metals coins (gold, silver, bullion, rare, and collectible), sterling silver and silverware items, and specialty pieces like Tiffany & Co jewelry. They explicitly state they accept items in any condition and size, including dental gold, tangled chains, and estate collections.
The company differentiates itself through claimed transparency in the evaluation process—testing and weighing items in front of customers, providing free quotes, offering same-day payments, and maintaining a "no pressure to sell" approach. They emphasize competitive market-based pricing and professional appraisals. The Diamond District location and stated 30-year industry tenure suggest listed credibility context in a highly listed market.
However, as a precious metals and luxury goods buyer, this company functions as a pawn shop rather than a consumer finance provider. While they offer short-term cash access for items of value, this is asset liquidation rather than lending. Customers should understand they are selling items at potentially below-market rates to enable short-term cash access conversion. No comparable public verification context of pricing competitiveness, appraisal accuracy, or customer satisfaction data is available from the website alone.
This is state-level context for Pawn Shops consumers in New York, NY. It does not confirm that Buyers of New York or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Short-term lending status: Banned
General rate context: 16% civil usury; 25% criminal usury; payday lending banned
New York bans payday lending through its 16% civil usury and 25% criminal usury caps. The Department of Financial Services aggressively pursues illegal online payday lenders. Consumers have strong protections under state law and can file complaints with DFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Buyers of New York offers 10 services including Diamond buying (loose diamonds, engagement rings, rare stones, exotic gems), Gold jewelry buying (all purities 10k-24k, rings, chains, broken items, dental gold), Luxury watch buying (Rolex, Patek Philippe, Cartier, Hublot, and other brands), Gold and silver coin buying (rare, bullion, collectible, estate collections), Sterling silver and silverware buying (flatware, serving sets, decorative items), and 5 more.
Buyers of New York has profile signals associated with Individuals researching short-term cash access from inherited jewelry, watches, or precious metals collections, Estate liquidators or families settling estates with unused luxury items, People downsizing or decluttering who have broken, unwanted, or damaged jewelry, Collectors or investors seeking quick liquidity for coins or bullion without market sale delays.
Key strengths: 24/7 availability for calls and appointments in high-traffic Diamond District location; listed in-person evaluation process—items tested and weighed in front of customers; Accepts items in any condition including broken, scrap, damaged, and tangled jewelry. Areas to consider: Selling precious items typically yields significantly below retail or replacement value due to buyer's margin; No published pricing methodology, buy-back rates, or comparable public verification context of 'competitive market-based prices' claim.
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CreditDoc Profile Note
Buyers of New York is profile signals for individuals and estates seeking short-term cash access conversion of jewelry, watches, precious metals, or coins without transaction delays. The primary caveat is that selling precious items to a buyer (pawn shop) typically means accepting 30-70% below retail market value in exchange for instant liquidity—this is asset liquidation, not borrowing, and represents a permanent transaction rather than credit access.
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