Elite Diamond Experts (Reported Closed)

(312) 217-9721 | View Website

5 S Wabash Ave Ste 816, Chicago, IL | Directions   60603

41.881831 -87.625829

Open Hours

Mon-Fri. 10am-6pm

Sat. 10am-4pm

Sun. By Appt. only

 
Jewelry, Engagement Rings, Custom Jewelry  more

More Jewelry Products: Diamonds

Jewelry Services: Gemologists

Neighborhoods: Loop, Central

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Elite Diamond Experts

From The Owners of Elite Diamond Experts

Wholesale jewelry dealer specializes in loose diamonds, settings, earrings and more.

Reviews for Elite Diamond Experts

Doesn't Recommend
1.0
over a year ago

Anyone have contact info for Wally??? – Does anyone have contact info for Wally? From the time that I purchased my wife's engagement ring in the fall of 2010 I thought that Wally was a great jeweler. That is up until about two months ago. I put a ring on consignment with Wally. He told me that he had sold it and that I would be getting the money in three to four weeks. I thought that was kind of strange, but he said that he was just waiting for final payment. The four weeks was up in late October or early November. Since then I have not been able to get in contact with him. I have a cell number that I have always used. Does anyone know if he has an office still? He used to be on Jewelers row, but he told me that he moved to the suburbs.

Recommends
5.0
over a year ago

I plan on going back for other jewelry as well – Wally is awesome. He went back and forth with me so many times until we found the perfect ring. He is open to any custom design. I went to the other jewelers and they couldn't come close to the price and quality Wally was offering.

Not only that, Wally stayed very late in the night a few times because it was the only time I could meet with him. You will receive extremely good service from him and from what I have been hearing from my fiance's close friends, an amazing ring.

I'm sorry to some of the people that say he took your money. Wally had my money a while before I got the ring and he did not make me think even once I was being scammed....Well, I should rephrase that..at first I thought I was being scammed because he was almost overly helpful, had a super sparkly ring, and was giving me a price no one could match....then I just realized that some things aren't too good to be true. HE DELIVERED ALL AROUND QUALITY!

I'm about to call him and see if he can design a nice diamond pendant for an Xmas gift, so I figured I should leave my thoughts up here. Hope this helps in your search.

Go with Wally, make sure she says Yes!

Recommends
5.0
over a year ago

Amazing Wedding Set – My husband and I purchased my wedding set through Wally at Elite Diamond Experts. From the first meeting with Wally, we knew we had found the perfect jeweler. He was knowledgeable throughout the entire process and explained in detail on how the custom-design process works when ordering a piece. I would give Wally a 5-star rating and recommend visiting him to anyone looking to purchase jewelry.

Doesn't Recommend
1.0
over a year ago

Walter Krakowsky stole our diamond - read these 2 reviews – Please also see these posts under Chicago Diamond Experts. Walter seems to use both these company names.

1 Star Rating: Poor

08/29/11

Walter is a fraud. Exact same experience as reviewer below

by aachicago at Citysearch

Walter Krakowsky took our ~$15,000 diamond in consignment for several months. He avoided multiple attempts to contact him over that time and then eventually told us that he sold it in NYC and that the buyer never gave him the money. He claims that he has no money to pay us.

He has essentially stolen our diamond and refused to pay us. He is a criminal. We are pursuing legal action. Walter must be violating every ethical code that diamond dealers possess.

His business also goes by the name Elite Diamond Experts.

---

1 Star Rating: Poor

05/29/11

Fraud. Avoid at all cost.

by mattschreiber at Citysearch

I have consigned two pieces of jewelry to Wally to sell for me. He appeared to be working on them for some time and then I have never heard from him. After some time, I called him to find out what happened. He said that he sold the pieces without collecting the money and that he is not able to pay me back because the buyer is not paying back. This is of course completely unprofessional (who hands out 10000 work jewelry without receiving the payment).

I have filed a complaint at the BBB and he has not responded to that. His company used to be called Chicago Diamond Experts, may be he is hoping to run faster than the reputation can catch up. I am currently looking at lawyers to bring the case to the court.

Wally appears very nice and kind and tries everything to make sure that he earns your trust. But he is not professional (mildly put). I would not recommend anyone doing business with Wally.

Recommends
5.0
over a year ago

Wally is the man to see before making any purchase. – My husband and I got married when we were really young, but never invested in rings until now. I had done all the research online and through reading. Being that we are now in a recession and funds are tight we decided to go to the Jewelry Exchange in Villa Park to see what they would offer us. Without hesitation we hastily bought a diamond semi mount wedding set and put money down on the loose diamond itself, but left it at the store. After reading some very questionable reviews online, I was extremely afraid to go back and purchase the loose diamond from them afterward. I really wanted to get the semi mount set appraised to see if what I had paid was really what the ring was worth.

After some additional looking around, I found Elite Diamond Experts and the reviews were excellent, so I made an appointment. When I arrived, Wally greeted my husband and I warmly. He took a look at my ring and told me what he thought it was worth (which ended up being more than what I thought) but he was very patient with us and explained everything. He educated us on the 4 C's and even showed us the "hearts and arrows" in a loose diamond he had there in his store. We felt so comfortable with Wally because he educated us rather than sold us on a diamond and did not push us into purchasing anything from his store. We told him what our price range was for a loose diamond and he not only found us a more beautiful diamond than we wanted but for a cheaper price! Instantly we purchased the diamond and my ring will be ready by tomorrow!!! I am so happy to have found Wally online and thank you to all the other consumers who took the time to write a review, this has really helped me a lot!!

Wally...I will be back soon or the right hand ring we discussed!! Thank you so much!!

Recommends
5.0
over a year ago

You must see Wally before you make a purchase!!!! – I just finished purchasing a gift for my 1 year anniversary. I wanted to tell you about my 1st experience with Wally and buying a diamond in Chicago.

Admittedly, I do not know much about diamonds and the concept of buying an engagement ring was rather overwhelming. I was very concerned that I would be "taken" at some point in the process. Wally and Elite Diamond Experts came highly recommended by a close friend. Working with Wally was the wisest decision I made! Wally has a very straight forward, personable, friendly and honest approach. He seeks to educate first, and then match a product with your exact specs. Best part is that he has tremendously fair prices and really, really high quality products. I would highly recommend that anyone in the market for a diamond saves themselves a ton of time shopping around and goes directly to Wally on the 8th floor, around the corner from the elevators at 5 S. Wabash. You will be very pleased with the entire process.

Recommends
5.0
over a year ago

Exceptional Customer Service – My fiance bought my engagement ring from Elite Diamond Experts. Wally's expertise and knowledge of diamonds helped him choose a diamond and custom setting that I absolutely love! I receive compliments on my ring every day, even in the grocery store line. My fiance shared with me that he originally planned to get a six-prong setting, but Wally strongly advised him to go with four prongs, both for the increased light shining under the diamond and the ability to keep the setting cleaner. He was right - my diamond sparkles and shines like crazy, which I think is the main reason people always notice it.

We also purchased our wedding bands from Elite Diamond Experts. Wally spent so much time with us helping us select exactly what we both wanted. It was obvious that Wally was not looking to make a quick sale, but instead wanted us to find exactly what we were looking for. He was able to show me several wedding bands that would compliment my diamond engagement ring, while not taking away from its own beauty.

I would highly recommend Elite Diamond Experts to anyone shopping for fine jewelry. When making such an important purchase, it is so nice to work face to face with someone like Wally who is knowledgeable, artistic, honest, personable, and kind. He will not be satisfied until he knows he has sold you something that you absolutely love!

Recommends
5.0
over a year ago

Great Place – Wally is great to have working with you when picking out an engagement ring. Wally will help you with the process as if he was picking out a ring for his own wife. He will only sell you jewelry that he believes in the quality of. All in all, Elite Diamond experts is a great place for engagement rings.

I was recommended by a friend to Wally. All I knew about diamonds going into the experience was from the research I did on online websites. Wally looked through a lot of different diamonds with me and educated me on the whole process. He helped me pick out the best stone with the budget that I was working with. The prices were more than reasonable. They were the same/lower than the prices I found online for comparable diamonds and much lower for the band than compared to online prices.

Recommends
5.0
over a year ago

Wally is the man! – Wally is the man for sure! He was very helpful and truthful when it came to picking out an engagement ring. As most people know this can be a very stressful process, but Wally guided me every step of the way. I came in there with a general idea of what I was looking for and he showed me examples of rings and diamonds within my price range. He also provided me with reasonable prices, better than anything I had previously researched. He gave me plenty of time to make my decision in regards to the ring that I finally wanted. Most importantly, my fiancee loved it! And important for me, I did not feel overwhelmed by his service nor the final price tag. I would recommend him to anyone shopping for an engagement ring.

Thanks Wally! Now, I am off to go look at chair covers for the wedding reception!

Recommends
5.0
over a year ago

Excellent Quality & Service – Wally was very helpful and professional when it came to creating an engagement ring as well as multiple wedding bands. He was able to take a simple drawing of an engagement ring and turned it into reality. My wife loves it. When it came to picking out the wedding bands to go on both sides of the engagement ring Wally took the time to explain the best way to pull this off.

Wally delivers on his promises and his reputation!

 

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Jewelry (2009)
Jewelry (2007)
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