Showing posts with label diamonds 47 Street Manny Winick and Son. Show all posts
Showing posts with label diamonds 47 Street Manny Winick and Son. Show all posts

Tuesday, December 23, 2025

AN XMAS EVE TALE 2008

In 2008 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 car industry, and the two wars in Asia. Thankfully Richie Boy had rich clients and two days before Christmas we toasted our survival at the Oyster Bar in Grand Central with his wife.

"Well, we squeaked out another year.”

The three of us clinked glasses and a platter of freshly shucked shellfish arrived at our table. The wine was Austrian and the oysters had been harvested in New England. His wife was happy with both.

“A million-dollar ruby sale, a couple of rich guys buying big items, and a few lucky sales off the street.” I had sold an Italian suite of pearls and sapphires to a Swiss couple and the ruby to a woman from Boca Raton.

“We were lucky.”

“And we showed up to work every day.

“90% of success is showing up on time.”

“Or not too late.”

The next day was Christmas Eve. I arrived at the diamond exchange fifteen minutes after the opening time of 9:30 . Tardiness was my one perk after working there for twenty years.

"Morning, Manny."

"What are you so happy about?" Richie Boy's father came to work on time.

"The end of another holiday selling season."

"Bah." Richie Boy’s father shared none of our positivity. Operational costs and bills from his son arrived faster than our profit, but Richie Boy deserved every c-note.

Without him the firm would be another dark window on 47th street.

"Did you see this?" Manny brandished the print-out of the bill from the Oyster Bar. He must have had my work wife check the credit card expenditures. Deisy shrugged innocently. She was just following orders.

"No."

The dinner had been Richie Boy's treat. He walked into the store and his father asked the same question.

"Yes, I signed for it."

“$4 for an oyster? They sell them at Doc’s for $1 at Happy Hour.” Doc’s was his local bar on 34th Street.

“Happy hour ends at 7 and we were here until 7:30. And only two of them were $4. Willapas as big as your palm.” Richie Boy had been disgusted by the size. “The goy loved them.”

“Almost as much as the clams casino. Oysters wrapped in bacon.”

"A dozen oysters was $20?” Manny hated spending money on luxuries.

“Maybe more.”

“And you had to have them?”

“We were celebrating getting through another Christmas,” answered Richie Boy.

“Now is it not the time for celebrating.”

“We saved the firm.”

“By luck. Maybe next year we won’t be so lucky.”

“Why are you so miserable?” Richie Boy wasn’t allowing his father to ruin his holiday. He was heading up to Vermont and then off to St. Bart’s with his wife for the New Year’s. Richie Boy had a good life and his father ruined every success with a bucket of Grinch.

“I’m not miserable. I’m running a business.” Manny reviewed our sales, as if each was a dead loss. He pointed a finger at me. “You should have got more profit for the jewelry suite.”

“I’ll take $20,000 on a $50,000 sale any day.” The commission would pay for a flight to Thailand to see my kids.

“Big hero. I would have let them walk” He thought that I should have hit them for 70K.

"Better something than nothing."

Richie Boy and I sat at our desks and ignored Manny's gloom, as the old man schlepped every dealer to the last minute. He chided my co-workers for every supposed fault. I told Richie to give us our bonuses before his departure to Vermont, otherwise his father would divine some way to stiff us.

“I’m out of my here at 2:30.” Richie Boy distributed our pay and Xmas bonuses. He had wanted to give me a G. Manny cut it down to $800. I thanked them both. The previous year Manny had given me nothing.

“Manny, let them go home early. They’re goys and have family.” Richie Boy cared about us, although not enough to stick around to insure an early Christmas Eve closing. He had a long drive in front of him and was eager to leave behind the grumblings of his old man.

“I’ll let them go at 7.” The exchange closed at that hour from Thanksgiving to Christmas Eve.

“Funny.”

Only Manny wasn’t joking about his remake of Dicken’s classic Xmas tale. Everyone wanted to go home, but he was Scrooge and I was his Bob Cratchit.

“Manny, could you at least let Deisy go home early? She has a baby and needs to go to church,” I pleaded between muttered curses.

“She’ll go home at the normal hour.”

And we sat there for another two hours without a single customer entering the store, so I went out and bought some beers to drink. I didn’t offer Manny a sip. He kept his head down and crunched numbers on his ancient accounting machine.

“Fucking mean old shit.”

And I started pulling the back showcases.

“It’s not seven yet.” Manny tapped his watch.

“Then buy a new watch. The computer says 5. My watch says 5. My phone says 5. The clock in the back says 5 and you had the landlord retime it five minutes slow to get another few minutes of shopping time. We’re closing.”

“Since when did you become my boss?”

“I’m not the boss. I’m a goy and we celebrate Christmas.”

“You’re a non-believer.” Manny remembered my many rants against the Church.

“Not today. Deisy start pulling.” My work wife didn't move. She obeyed who paid her.

“Deisy, don’t do anything.”

“Manny, give it up. We’re going home.”

“Why don’t you go home and don’t come back?”

“I can’t, because Richie Boy asked me to look after you.”

“I don’t need anyone looking after me.”

"Really?" All his friends were dead and his girlfriend lived in Miami.

"I have my work."

"Is that what you call it?"

"Yes. I come to work, so you can come late. I come to work to manage my son's spending more than we make. Without me there'd be no work, so we are staying to the last minute."

"Not today." I opened the jewelry case and loaded the necklace and rings into a tray.

"I can't believe it. My name's on the wall, but no one listens to me."

"Like I said 'not today'."

Deisy joined me. She had a young daughter. Her family was coming over for dinner.

"Fine, pretend I'm not here."

"Will do."

After closing the safe Deisy left for New Jersey. I got my coat and wished my longtime boss a good holiday.

“That wasn’t right, you closing.”

"Yeah, but what's done is done."

Outside shoppers were heading home for the holiday. They had families and friends waiting for them. My wife and kids were on the other side of the world and I asked, “You feel like a drink?”

"Why not."Manny got up from his papers and I handed him his coat. It was cold outside.

“Down the street?”

“Anywhere as long as they had wine and maybe some oysters, but no $4 oysters” He didn't stay mad at me long.

“Sounds good to me.” I was still pissed at the old git, but Manny wasn’t that different from me and neither is everyone else. We all have a little bit of the Grinch in us this time of year, for as Manny likes to say, “There is no season for giving.”

"Your treat?"

"When wasn't it?" We left the exchange.

"Always the same, my man," I answered, because while Manny might have been Scrooge, he was my Scrooge and my Bob Cratchit was his.

At least for Xmas Eve.

Wednesday, February 5, 2020

THE VALUE OF IGNORANCE - BET ON CRAZY by Peter Nolan Smith

The 2013 Christmas season had been a disaster on 47th Street.

Back in the 1990s I usually sold close to a quarter of a million in jewelry and my commissions provided a healthy six-month cushion for the winter, however in 2013 my sales from Thanksgiving to the Winter Equinox totaled less than $25000. After Xmas Richie Boy didn't need my services and my commish would carry my expenses only into the second week of January. He needed money and a lot of it, for his firm along with most ground-floor stores in the Diamond District were adrift in dangerous waters.

After New Year's Manny, my octogenarian boss, complained that the lack of sales was due to how we set up the window.

"You have to spread out the rings. Show people what we have." Manny roamed the street looking at other firm's windows. Any shop with customers inside it had to be doing something right. Our exchange was a morgue. We had very few diamond rings in the case.

No one-carat stones for the common man.

Everything was a big ticket item and the rich weren't shopping on 47th Street.

n y before New Year's I came into the city from Brooklyn to drop off pearls. I met Sammie at Richie Boy's counter. I gave him his goods and he returned my memo.

"I've never seen a Christmas like this." Sammie had been in the business over thirty years.

"The jewelry business is dead." I had been working on the street since 1990.

"Why do you say that?" asked a Hassidic Rebbi. Sol was renown for his wisdom. Many of his followers were diamond merchants. He must have heard their moans.

"Prices went up. Customers don't want to come into the city. They see the ads for Zales and Jared and hit the malls, but mostly people shop online. For everything. No one even knows 47th Street exists." I had excuses galore for the collapse of our industry.

"That's rubbish," grumbled Manny from his desk. He regarded idle talk as a waste of time. "Hard work is what makes a business flourish."

"How do you hard work yourself out of this hole?" Sammie was seriously seeking an answer.

"It won't be easy. The street has to advertise itself. Our old customers are dying off. We need new blood, but most people under forty never buy jewelry, because they can't commit to a relationship. All they have are their smart phones and smart phones don't need diamonds."

"You don't know nothing," smirked Manny. He had been in the business for over sixty years.

"Have you ever seen it this bad?" Sol demanded in a quiet tone. The rebbi didn't want anyone to know what he thought of the economic climate.

"I got robbed for a half-million dollars. That was a bad time during a time of good money. All we have to do is make one good sale and everything will be fine." Manny waved his hands in the air like he was trying to conjure a rich customer from thin air. The exchange remained empty. "But when that is, I don't know."

"What do you know?" The Rebbi stepped closer to the counter.

"I know nothing," Manny admitted in an unexpected display of honesty.

"Then you are the smartest man on the street, for anyone with all the answers hasn't heard all the questions." The Rebbi blessed Manny and walked into the cold winter air.

Sammie and I looked at each other.

"So ignorance is a blessing?" Sammie buttoned his jacket. He had to go to see a pearl merchant in Chinatown.

"Socrates said, to know, is to know that you know nothing. That is the meaning of true knowledge."

"Sounds like Greek bullshit to me." Manny waved for us to leave. "I have work to do, not bullshit to hear, you beatnik bums.

"Happy New Year, Manny." I wished the old man. Manny and I went back in the years. Many of them had been good and I hoped for more to come, if we were lucky. He slipped an envelope filled with $100 bills across the counter.

"I wish it was more."

"I wish I had sold more." For his sake as well as mine.

"Maybe 2014 will be different, but what do I know?"

"Nothing. Just like me." Ignorance was always easier to achieve than enlightenment.

"Exactly. Come back later and we'll have a drink. Maybe two." My boss dug into his pile of papers. The answer to his problems wasn't in his bills, but it was better to look where it wasn't than where it was with only one day left in 2013.

Nothing really bad could happen in that time, especially when ignorance is blessed by a rebbi.