Tag Archives: diamond district

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 […]

OI VEY CHEESECAKE by Peter Nolan Smith

As a young boy growing up outside of Boston, my classmates and I were jealous of the liberal closed-day policy of Beaver Country Day School. The predominantly Jewish school had more snow days per annum than any other institution south of the St. Lawrence River and the shuffle of holydays shortened their school year by […]

RAIN 9/10/2001 by Peter Nolan Smith

September 10, 2001 was a rainy day in New York and the Weather Channel predicted precipitation throughout the afternoon. .3 inches humid and wet. I exited from my East 10th Street apartment at 9.13 and headed toward Velseka’s on 2nd Avenue. My breakfast of a bagel and coffee came to $2.11. I gave the waiter […]

HELLBOUND by Peter Nolan Smith

TS Eliot wrote that April was the cruelest month of all in his epic poem THE WASTELAND. Those words rang harsh and true in 2011, as Passover and Easter combined to devastate business in the Diamond District. On Good Friday I waited for two customers to come back as promised. I had three Burma sapphires […]