Tag Archives: diamonds

CRAZY MUSLIMS by Peter Nolan Smith

Yesterday I called my ‘niece’ Andy to wish her Happy new Year. She had already left the diamond exchange and explained that she was having a drink at the Plaza Hotel bar. “I’m meeting my sister and her wife for Rosh Hashanah.” “Nice, I’m in Brooklyn, otherwise I’d come and meet you.” The beautiful brunette […]

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, […]

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 […]

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 Plight of a Billionairess

Back in 2008 a shoe dropped on the world economy week. The downturn was unlike anything I’ve seen since gas crisis of 1973. One spring weekend I couldn’t take any more bad news and fled New York for the bucolic hills of Dutchess County. My good friend AC picked me up at the Poughkepsie train […]