The slip and fall attorneys in Diamond District, NY, sponsor this article to present you with a detailed excerpt about the neighborhood.
The Diamond District is a commercial stretch between Fifth and Sixth avenues in Midtown Manhattan, encompassing only one block. The area small be small, but The Diamond District encompasses great history.
Today, the Diamond District is considered is the world’s largest shopping district for all sizes and shapes of diamonds and fine jewelry at tremendous prices and value.
However, until the 1920s, New York City’s diamond epicenter was Maiden Lane, four blocks north of Wall Street. It wasn't until diamond dealers moved north from an earlier district near Canal Street and Bowery, created in the 1920s, that the new Diamond District was formed.
The Diamond District jewelry dealers also arrived from another district that began in 1932, located in the Financial District, near Fulton and Nassau streets.
While the Diamond District is known for its jewelry dealers, located at 41 West 27th Street from 1946- 2004, stood a notable, long-time irregularity: the famous bookstore Gotham Book Mart. The business was first located in a small basement space on West 45th Street near the Theater District, then moved to 51 West 47th Street, then spent many years at 41 West 47th Street within the Diamond District until it moved to its final location on 16 East 46th Street.
The bookstore was known as a literary salon, hosting meetings of the Finnegans Wake Society, the James Joyce Society, poetry and author readings, art exhibits, and more.
The Diamond District is one of the largest diamond and jewelry districts in the United States, and it is the second oldest surviving jewelry district in the United States.
A single day's trade on the block average earning is $400 million, and an estimated 90% of diamonds in the United States enter through New York's Diamond District. Many of the shop owners and managers of the district are Orthodox Jews, and the wholesale business made up most of the $24.6 billion in annual sales in 2019.
Today, you will likely find commission-based hawkers on the block as they usually solicit business for stores located on the street level.
The Diamond District is home to several jewelers. Just walking along the street, you can see the competitive nature of the different shops and workers trying to snag your sale. If you ever find yourself looking for a great deal on a stunning diamond, try checking out these jewelers:
Want to learn more? See: An Early History of The Garment District, NY
Have you or a loved one sustained injuries from a slip and fall accident? You may be entitled to financial compensation. Trust the experienced Diamond District, NY, slip and fall attorneys at Banville Law to help you get the justice you deserve. Contact our legal team today for a free consultation.
165 West End Ave #1h
New York, NY 10023, USA