Tag Archives: diamonds

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 […]

RED HOT RED / Bet On Crazy by Peter Nolan Smith

Several years ago I was sitting with a mystical friend at Frank’s Lounge, watching the end of the Jets-Colts playoff game. Rooting for the New York team surprised Wilson. He knew my life-long ties to Boston and I told him. “If the Jets win, we get to beat them again and other than winning the […]

AN XMAS EVE TALE by Peter Nolan Smith

Nine years ago the holiday sales plummeted to near-zero in New York’s Diamond District 47th Street. The Greater Depression had robbed the middle-class of their imagined wealth and jewelry purchases had been sacrificed to pay mortgages and credit card bills. America as a nation continued to suffer from the banking debacle, the collapse of the […]