Category Archives: Diamonds

Merry Stiffmas

In December of 2009 the jewelers on 47th Street were counting on a big buying spree to recoup from the Great Recession, however the nation’s zombie economy had exiled the masses from luxury purchases gold and diamonds. Only the rich had money and Richie Boy had more than his share of the upper class. One […]

Times of Nothing

Thanks to Daylight Savings Time sunset came an hour later this evening. I like the extra hour, but hate the winter shift of an hour. Several years ago I was working at a diamond store off 5th Avenue. A good address. Not 47th Street. Dusk was always a little scary from November to March and […]

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 […]