Category Archives: Bet On Crazy

THE VALUE OF IGNORANCE by Peter Nolan Smith

The 2013 Christmas season had been a disaster on 47th Street. Back in the 1990s I usually sold close to a quarter of a million in jewelry and my commissions provided a healthy six-month cushion for the winter, however in 2013 my sales from Thanksgiving to the Winter Equinox totaled less than $25000. After Xmas […]

FREE THE WORLD

In 2011 gold soared to record prices and a steady flow of customers entered our diamond exchange on West 47th Street to sell their precious jewelry and family heirlooms. They were of all ages, nationalities, and races. Most of them were honest, but buying stolen merchandise or swag was a crime. Richie Boy, his father […]

The Bliss of Fake Bling

Tiffany’s on 5th Avenue has a very special return policy for its jewelry. “Go down to 47th Street to sell it.” Many other people seek to transform jewelry into cash on the busy block between 5th And 6th Avenues. Some are in possession of estates or family heirloom. A few are thieves, but many are […]

Chuck Norris Ain’t Shit

The other day a young woman entered our diamond exchange to sell a diamond ring. I examined the goods. The stones were poor quality, but I saw about $500 in it. “Come with me.” I sherried her over to my friend. Eddie needed the business and I owed him $200 from a sale in early […]

May Day

May Day 2015 I was sitting at my desk in the Fort Greene observatory. I knew today was an important labor holiday, but I wish that I was working and said so yesterday to my old boss from the Diamond District. “I wish I could give you a job, but there’s no business,” apologized the […]