Category Archives: Diamonds

BET ON CRAZY / The Blue Diamond Affair

In the autumn of 2008 Richie Boy opened our jewelry store in the Plaza Hotel’s Retail Collection. I thought we were going to coin a fortune. The Plaza was a legend. Rich people stayed there. It didn’t take me long to see a disaster looming on the horizon. The American economy was in the can [...]

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 [...]

HAPPY HEARTS by Peter Nolan Smith

Every Valentine’s Day diamond dealers and jewelers on 47th Street anticipate a mid-winter spending spree by lovers for their loved ones, yet year after year sales numbers have fallen by double-digits, as the economic downturn cut into the income of the middle-class. Diamonds might be a girl’s best friend, but not this year. Yesterday the [...]

GLATT BACCHUS by Peter Nolan Smith

These days most people in America survive from paycheck to paycheck and New York’s Diamond District has been feeling the pinch, so that my bosses Richie Boy and his father Manny couldn’t offer me a place behind the counter upon my return from the Orient. “It’s brutal out there.” Manny always kvetched about business, but [...]

OLD BROWNIE by Peter Nolan Smith

Yesterday was a quiet day on 47th Street. A winter snow was having its way with New York City. Snow piled up on the street. The porters had a hard time clearing the sidewalk and I was having difficulty looking busy. There was nothing to do. No one came into the store. No dealers, no [...]