Tag Archives: diamond district

OI VEY CHEESECAKE by Peter Nolan Smith

2014 AD or 5774 by Jewish reckoning has 18 high holidays scheduled throughout the year. Holydays such as Yom Kippur and Passover are familiar to gentiles, however a goodly number draw blanks from the goyim. As a young boy growing up outside of Boston, my classmates and I were jealous of the liberal closed-day policy […]

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 […]

BETTING THE OTHER WAY by Peter Nolan Smith

The Superbowl has been an American tradition since the first game in 1967. Betting had been 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 to […]

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 […]

THE VALUE OF IGNORANCE by Peter Nolan Smith

The 2013 Christmas season was a disaster on 47th Street. Back in the 1990s I usually sold close to a quarter of a million in jewelry. My commissions provided a six-month cushion for the winter. This season my sales totaled less than $25000. My commish would cover my expenses until the second week of January. […]