Category Archives: Diamonds


Two years ago the Diamond District on 47th Street was dead on the high holiday of Sukkot. All throughout the shetls of Williamsburg families were commemorating the Hebrews’ wandering in the desert after the Exodus in Egypt by setting up sukkahs or outside dwelling to symbolize the tents on that decades-long journey to find someplace […]

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 […]

BET ON CRAZY / CARAT WEIGHT by Peter Nolan Smith

The day after Christmas Manny’s longtime partner, Lee, was showing a 7.04 Cushion Cut Round Diamond to a retired couple from West Palm Beach. The sixtyish woman wore a fashionable Dior outfit, though her nasal accent betrayed Brooklyn roots with an envious coo, “I don’t know, it’s so bigggg!” Her husband’s skin color of an […]

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 […]


A little before midnight. On the Friday before Christmas I stopped by the diamond exchange on 47th Street. There are no customers before the booths. Only the rich have money and the vast majority had fled south for Florida or St. Bart’s. Richie Boy was working with a wealthy friend. He was asking $260,000 for […]