# Is Flipping Watches In NYC Diamond District Profitable?

Source: https://www.youtube.com/watch?v=vQjkYwgocto
Recap page: https://rapidrecap.app/video/vQjkYwgocto
Generated: 2026-02-03T22:33:57.167+00:00

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## Quick Overview

Flipping a Rolex Sky-Dweller in NYC's Diamond District proved profitable for the host, who successfully sold the watch for $29,500 after an initial break-even cost of $29,000, resulting in a $500 profit, despite facing counter-offers as low as $28,500 from one dealer.

**Key Points:**
- The host attempted to flip a gold Rolex Sky-Dweller in NYC's Diamond District, which had a break-even cost of $29,000 (00:50).
- The first dealer offered $27,000, which was below the break-even cost (02:33).
- The second dealer offered $25,000, which the host also declined (04:05).
- The third attempt resulted in an offer of $28,500, which the host rejected, noting his cost was $29,000 (06:23).
- The host successfully sold the watch in the final attempt for $29,500, achieving a $500 profit over the break-even cost (11:09).
- During negotiations, one dealer mentioned that the watch's bezel was beat up, and another dealer (Benny) suggested the host should have gotten $30,000 for it (02:33, 09:06).
- The host used the online marketplace Chrono24 to check prices, noting that listings ranged from $29,875 to $41,000 (03:44).

![Screenshot at 11:09: The host celebrates with confetti raining down after successfully selling the Rolex Sky-Dweller for $29,500, confirming a $500 profit over his break-even cost.](https://ss.rapidrecap.app/screens/vQjkYwgocto/00-11-09.jpg)

**Context:** The video follows a 'Fast Flips' format where the host interviews various dealers in New York City's 47th Street Diamond District, attempting to sell a specific gold Rolex Sky-Dweller for a profit. The host aims to sell the watch for more than his break-even cost of $29,000, navigating multiple offers and negotiations with different jewelers throughout the district.

## Detailed Analysis

The video documents the host's attempts to flip a gold Rolex Sky-Dweller in the NYC Diamond District, aiming to sell it for more than his break-even cost of $29,000. The host first interacts with a dealer who offers $27,000 (02:33), which is too low. He then approaches another dealer who offers $25,000 (04:05). During this negotiation, the host checks Chrono24 listings, seeing prices around $30,000 to $41,000 (03:44). He then negotiates with a dealer named Benny (08:22) at 'The Watch King NYC' (06:09), who initially offers $28,500, claiming his cost was $29,000, but he was willing to take a $500 loss to help the host (09:17). The host jokes about trading the watch for a Toyota Corolla's worth of rings or the watch plus a $500 credit for earrings, but Benny ultimately counters with $28,500, stating his cost was $28,500. In the final attempt at a different store (Central P. Inc.), the host meets a dealer who offers $29,000, matching the break-even cost (10:52). The host then pushes for $29,500, and the dealer agrees, leading to a successful sale at $29,500 (11:09), resulting in a $500 profit for the host.

### Initial Flips & Research

- Host returns to NYC's Diamond District to flip a gold Rolex Sky-Dweller purchased at a $29,000 break-even cost
- First dealer offers $27,000 (02:33)
- Second dealer offers $25,000 (04:05)
- Host checks Chrono24 showing market prices between $29,875 and $41,000 (03:44)

### Negotiation with Benny at The Watch King NYC

- Benny offers $28,500, claiming his cost was $29,000, but offers $500 in jewelry credit to meet the host halfway, which the host rejects (09:17, 07:47)

### Final Negotiation and Sale

- Host moves to a new location, Central P. Inc., where a dealer initially offers $29,000 (10:52), matching the break-even cost
- Host pushes for $29,500 (11:03), and the dealer agrees, resulting in a $500 profit (11:09)

![Screenshot at 00:01: Host interviews people on 47th Street in NYC's Diamond District, holding a microphone.](https://ss.rapidrecap.app/screens/vQjkYwgocto/00-00-01.jpg)
![Screenshot at 02:22: The host examines a gold watch with a dealer at a jewelry counter inside a shop labeled 'The Watch King NYC'.](https://ss.rapidrecap.app/screens/vQjkYwgocto/00-02-22.jpg)
![Screenshot at 03:44: A Chrono24 screenshot displaying market prices for the Rolex Sky-Dweller, ranging from $29,875 to $41,000.](https://ss.rapidrecap.app/screens/vQjkYwgocto/00-03-44.jpg)
![Screenshot at 08:25: The dealer Benny on the phone discussing the watch's cost while the host listens, with the break-even cost of $29,000 shown on screen.](https://ss.rapidrecap.app/screens/vQjkYwgocto/00-08-25.jpg)
![Screenshot at 11:09: Confetti explodes as the host successfully sells the watch for $29,500, resulting in a profit.](https://ss.rapidrecap.app/screens/vQjkYwgocto/00-11-09.jpg)