Word: diamond
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Dates: during 1920-1929
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...from Amsterdam, Antwerp, London came the sound of many voices mourning the loss of a record Christmas buying season, blaming the recent stock market crash. In Manhattan, arose voices to differ with them. Authoritative among such voices was that of Walter N. Kahn, agile, dark president of the American Diamond Cutters Manufacturers Association, envoy from them to the U. S. Senate Finance Committee. Master diamond cutter is Mr. Kahn, able to instruct his many workmen to such good effect that diamonds cleave well, cut well, in trade parlance "run" well for him. Mr. Kahn blamed the unsettled state...
After every financial crisis, curious eyes turn toward the luxury trades. Last week, many eyes turned toward diamonds. Sardonically, they noted the following developments in three great world diamond centres...
...Amsterdam, buyers deserted the Tulpstrat and the Saphartistraat, famed centres of diamond cutting; the Dutch Diamond Association voted to reduce working days from six to three a week, from...
...Antwerp, largest diamond cutting centre of all, Belgian diamond magnates gathered to discuss the impossibility of finding work for 15,000 highly paid cutters, decided to suspend all operations from...
...London, the Diamond Syndicate, source of over 90% of all gem diamonds, announced that it would for the time being suspend all offers of raw diamonds to the trade.* Observers sensed, in last week's announcement, the wily hand of Solly Joel, London tycoon and onetime South African miner, potent in Syndicate circles...