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There's also Manhattan Watch Company though the condition of many of their watches leaves a lot to be desired.
You really need to know your stuff and be hard nosed about bargaining to buy on 47th St.
I spent 30 minutes haggling for just a Rolex tang buckle one time. If you like browsing and chatting you could spend all day there.
John Buckley is also located in the Diamond District. He has a tiny stall in one of those buildings on 47th.
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