Tag Archives: diamond district

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 […]

SUKKOT / BET ON CRAZY

Two years ago the Diamond District on 47th Street was dead on the high holiday of Sukkot. All throughout the shetls of Williamsburg families were commemorating the Hebrews’ wandering in the desert after the Exodus in Egypt by setting up sukkahs or outside dwelling to symbolize the tents on that decades-long journey to find someplace […]

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 […]

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 […]