Layaway is a family-owned, second-generation diamond and jewelry business, run under the expert and passionate guidance of Charles Mayer. Charles began with his ebay jewelry store, Dream of Jewels, and has more than 20 years of buying and trading experience. His business is located in the heart of the New York City diamond district on 47th Street. We are members of the Jewelers Board of Trade (JBT), Green America, and an A+ rated member of the Better Business Bureau of NYC.

The Cheap Diamonds is now offering a layaway plan for all of our  engagement rings and other fine jewelry. Our layaway plan allows you to make monthly payments towards your purchase of any engagement ring or any piece of jewelry.

  1. A 5% deposit is required as a down payment on all layaway purchases.
  2. There is no minimum purchase required to use our layaway plan.
  3. We will hold your layaway item for a period of up to 12 months.  Extended terms are available on certain items.  Please call or email to make special arrangements. 1-347-678-1708  or
  4. Once we receive your deposit, we will secure your order. To make future payments at any time, please call Charles at 1-347-678-1708 to help schedule your payment plan.
  5. PayPal Checkout: Call us at 1-347-678-1708  to discuss our PayPal payment plan. Our PayPal account is
  6. Credit Card payment: Call us at 1-347-678-1798  to discuss our credit card payment plan.
  7. Our layaway plan guarantees the price of your antique jewelry will remain the same for the entire duration of your layaway.
  8. Select the number of payments and receive instant approval.
  9. Never a finance charge.
  10. A+ Member BBB NYC has a strong commitment to protect and preserve the environment, as well as practicing sustainability in all its endeavors. All of our engagement rings and jewelry use recycled metals and every diamond is guaranteed conflict free. This represents the ultimate in recycling and protecting the environment, that’s our promise. As a small business, we do not take any customers for granted, and we are committed to providing exceptional service at every stage of interaction. Even after a purchase, we are available to offer advice on the care and maintenance of our diamond jewelry so our customers can keep their pieces looking spectacular for many years.


Would you like to view any of our rings in person? Schedule an appointment to visit us in our NYC office.
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10 West 46th Street
Suite 7B
New York, NY 10036
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