The area in question refers to a concentration of jewelry businesses, particularly those dealing in gold, located along Broadway in downtown Los Angeles. This specific geographic area has become known as a hub for the buying, selling, and trading of precious metals and jewelry. Many establishments within this district specialize in offering a variety of gold items, repairs, and related services.
This location is significant because it provides a convenient and centralized marketplace for both consumers and businesses involved in the gold and jewelry trade. Its historical development has contributed to its reputation as a reliable source for precious metals, offering potential economic benefits through trade and investment. This area also contributes to the overall economic activity of downtown Los Angeles.