Tag Archives: bet on crazy

KOSHER PIG by Peter Nolan Smith

Two years ago business in the Diamond District was almost non-existent during the high holidays of Rosh Shananah and Yom Kippur. The Hassidim disappeared to the various shetls scattered around New York and tourists entered our diamond exchange to gawk at the diamonds and jewelry. At least twice a day out-of-towners asked in complete seriousness, […]

Fall Kick-Off

Millions of Americans are fighting their way home through the Labor Day Traffic. Jam factors are hovering around 7 with the threat to max out at 8, however everyone should reach their destination by the evening. I wish that I could say the same, because I’m sitting in a Myrtle Avenue apartment thousands of miles […]

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 […]

Chuck Norris Ain’t Shit

The other day a young woman entered our diamond exchange to sell a diamond ring. I examined the goods. The stones were poor quality, but I saw about $500 in it. “Come with me.” I sherried her over to my friend. Eddie needed the business and I owed him $200 from a sale in early […]