If you're after leather cowboy boots, you need to stop by Estelí. All around Avenida 1a Norte Este and Avenida Central, you'll find stores selling quality leather goods in the form of belts, hats, saddles, and of course, footwear for the discerning vaquero. Most shops will carefully measure your feet and rustle up a custom-made pair of boots in less than a week, for around C1,200.
Artesanía La Esquina, 1 block north of the cathedral (tel. 505/2713-2229), and Artesanía Nicaraguense, 1 block south of the cathedral (tel. 505/2713-4456), have a good selection of local soapstone pieces and Ducualí pottery, as well as general Nicaraguan handicrafts. Guitarras y Requintas el Arte, beside INISER (tel. 505/2713-7555), sells beautifully crafted guitars and mandolins.
Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.