Tag Archives: diamonds

11:39PM

A little before midnight. Five years ago I worked at the diamond exchange of 47th Street. There are no customers on the winter solstice. Only the rich have money, Richie Boy had sold several big-money items to his wealthy friends. $260,000 for a magnificent sapphire for an investment banker, $190,000 for a stunning Fancy Yellow […]

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 […]

SHABBAS STARKER by Peter Nolan Smith

New York in the 70s was a tough place. Tough guys were a dime a dozen. Killers cost a lot more. Nowadays some guys think they are tough. Few of them are. Four years ago Richie Boy, his father Manny and I went to Sofia’s on West 48th Street for an after-work drink. Sitting at […]

Tis the Season BET ON CRAZY

My boss at the diamond exchange hailed from Brownsville, one of the toughest neighborhood in Brooklyn and those streets bred its own language. For years Manny greeted Christmas shoppers to his diamond store with the phrase ‘there is no season for giving’. His son Richie Boy tried on many occasions to explain that he was […]

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 […]