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The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

Pennyweight Conversion

July 2, 2010 20:03
Gold is a precious metal that is used throughout the world for currency, jewelry, decorative art and other items.  In the United States, troy weights and more commonly, the pennyweight is used as the unit of measurement.  Outside the US, grams and other metric weights may be used to weigh gold.  Prices are set by the London Fix each day in troy ounces, so in order to accurately determine what the value of your gold is, you will need to convert it to this standard.
Here are some common conversions:
1 Troy OZ =
20 Pennyweights
155.517 Carats
31.104 Grams
Manhattan Gold and Silver has created a conversion chart with many other units so it is easier to convert.  If you have an item that doesn’t fall within the specified weights on the chart, there is also a conversion calculator on the same page.  
We encourage anyone that needs more information on conversions, or general gold questions to contact us though our website, or if you are in the New York area, stop by our office located in the Diamond District. 
 
 


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The Diamond District

June 25, 2010 13:11

As many people already know, Manhattan Gold & Silver is located in the Diamond District of NYC. The Diamond District is located on West 47th Street between Fifth Avenue and Sixth Avenue.  While some jewelers have their own shops along this strip, most have booths in the 25 jewelry exchanges located in this area.  Each exchange can have as many as 100 separate jewelry or related businesses. In this situation, you don’t have to travel very far to find what you may be looking for.  Simply move five steps in either direction and you will see completely different inventory.  The Diamond District is made up of approximately 2,600 independent businesses, all of them dealing in diamonds, jewelry, gold and other precious metals and stones. 

 

The area is one of the primary centers of the global diamond industry along with London, Antwerp, Belgium, Mumbai, India, Ramat Gan, Israel and Johannesburg, South Africa.  The district serves as the premier center for jewelry shopping in the city and it is estimated that 90% of the diamonds inthe US enter through the district.  The average day’s trade value in the diamond district is $400 million.

Manhattan Gold and Silver islocated at 45 W 47th Street· New York, NY 10036,in the diamond district.  We look forward to greeting you when you visit this area. 

First Annual New York State Jewelers Association Golf Outing

June 18, 2010 13:05

Manhattan Gold & Silver is proud to be a sponsor of the first annual New York State Jewelers Association (NYSJA) golf outing.  The event is set to take place on Monday, August 2, 2010 at the Mount Kisco Country Club in Mount Kisco, NY.  This golf outing is designed to help raise money for the NYSJA Scholarship Fund. The NYSJA will also help to support Jewelers for Children Charity by placing JFC Canisters on various holes throughout the course.  The day will start at 10:30 with a brunch, which Manhattan Gold and Silver will be sponsoring. A shotgun start will then begin at 12:00PM followed by a BBQ and Auction.

For those interested in participating, the prices for different groups are as follows:

  • $2500 for a regular foursome
  • $700 for an individual golfer
  • $200 for a dinner ticket only
  • $3000 for a corporate foursome

A corporate purchase includes the company name on all relevant signage, a link to the company website from the NYSJA site; Enewsletter press and the company will be listed as a Scholarship Sponsor on the NYSJA site.

All golf tickets include greens fees, golf carts, brunch, on course beverages, snacks and admission to the dinner/cocktail hour.  Only 30 foursomes will be sold, so sign upearly.  Sign up forms can be found here: http://www.newyorkjewelers.org/.

Manhattan Gold &Silver is proud to be sponsoring this great event and looks forward to seeing many friends and colleagues on the links!

Hope to see you there!

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