Category Archives: Diamonds

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 […]

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 […]

St. Valentine’s Day Massacre / BET ON CRAZY by Peter Nolan Smith

Every Valentine’s Day diamond dealers and jewelers on 47th Street anticipated a winter spending spree by lovers for their loved ones, but each year of the 21st Century the sales numbers dropped drastically, as the economic downturn cut into everyone’s surplus, but the rich. Valentine afternoon in February 2011 shoppers crammed the chocolatiers along 5th […]

RED HOT RED / Bet On Crazy by Peter Nolan Smith

Several years ago I was sitting with a mystical friend at Frank’s Lounge, watching the end of the Jets-Colts playoff game. Rooting for the New York team surprised Wilson. He knew my life-long ties to Boston and I told him. “If the Jets win, we get to beat them again and other than winning the […]

Bet On Crazy 1 by Peter Nolan Smith

BET ON CRAZY I I knew very little about diamonds as a child other than Superman could squeeze coal with his steel-hard hands to create diamonds and my father had bought a diamond ring for my mother. It was a hundredth of the size of the diamonds Superman never gave to Lois Lane, but my […]