Diamond District

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New York City's Diamond District at the corner of Fifth Avenue and 47th Street

The Diamond District is an area in the Manhattan borough of New York .

location

The Diamond District is located on West 47th Street between Fifth Avenue and Sixth Avenue in Midtown Manhattan . Many New York attractions are within walking distance. Rockefeller Center is one block north along Sixth Avenue and Radio City Music Hall is three blocks north , with Plaza Arcade, a shopping arcade that connects West 47th Street directly to Rockefeller Center. Along Fifth Avenue is St. Patrick's Cathedral three blocks north and the Broadway Theater District one block west .

history

The Diamond District came about when diamond dealers moved from Downtown Manhattan to Midtown Manhattan in 1941. Previously, they had their stores in the Canal Street and Bowery area since the 1920s and in the Financial District near Fulton Street and Nassau Streets since the 1930s .

When the Nazis invaded the Netherlands and Belgium , Jews tried to flee to the USA, among others , including those who were involved in the diamond trade in Antwerp and Amsterdam . The latter then mainly settled in New York City in what is now the Diamond District and stayed there after the end of World War II .

Economical meaning

This area is still one of the most important addresses in the international diamond trade - alongside London , Antwerp, Mumbai ( India ), Ramat Gan ( Israel ), Johannesburg ( South Africa ) and at the same time the best address in New York for buying diamonds.

The Diamond District is the world's largest shopping street for diamonds of all shapes and sizes and gemstones. More than 90 percent of all diamonds imported into the US go through New York City, and most of those go through the Diamond District. 2,600 different companies are represented here, almost all of which have to do with diamonds or precious stones.

See also

Web links

Individual evidence

  1. ↑ Kenneth T. Jackson; Jackson, Kenneth T .: The Encyclopedia of New York City , New York Historical Society; Yale University Press ; 1995. p. 332.
  2. ↑ Website of the Diamond District ( Memento of the original from August 24, 2010 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.diamonddistrict.org