Category Archives: Diamonds

SINKING SHIP by Peter Nolan Smith

Snobbery is an art in the Hamptons based on proximity to the City. Most of my friends have summer places in Easthampton and Montauk, but a few ignored the elite sneers in favor of a shorter drive back home to Manhattan. Last summer Richie Boy and I stopped in Westhampton to show a large diamond […]

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 […]

KOSHER CHINESE FOOD by Peter Nolan Smith

After Valentine’s Day business on 47th Street slowed to a halt. The rich were vacationing in St. Barts and Palm Beach. Oil bills taxed normal New Yorkers to the bone and purchasing a diamond was the last thing on most people’s mind in a bad economy during the harshest winter in modern memory. Hlove the […]

SUKKOT / BET ON CRAZY

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 […]

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 […]