Tag Archives: bet on crazy

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 […]

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 […]

BETTING THE OTHER WAY / Bet On Crazy by Peter Nolan Smith

Betting on the Superbowl has been an American tradition since the first game in 1967. Betting was another part of that tradition and for two weeks before the Big Game the diamond dealers and jewelers had been wagering bets on pools, the point spread, the over-under, which teams scores first, and the MVP. Some claimed […]

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 […]

AN XMAS EVE TALE by Peter Nolan Smith

Nine years ago the holiday sales plummeted to near-zero in New York’s Diamond District 47th Street. The Greater Depression had robbed the middle-class of their imagined wealth and jewelry purchases had been sacrificed to pay mortgages and credit card bills. America as a nation continued to suffer from the banking debacle, the collapse of the […]