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Diamond Stories: Enduring Change on 47th Street (Anthropology of Contemporary Issues)
 
 
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Diamond Stories: Enduring Change on 47th Street (Anthropology of Contemporary Issues) [Hardcover]

Renee Rose Shield (Author)
3.7 out of 5 stars  See all reviews (3 customer reviews)

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Book Description

0801439892 978-0801439896 May 2002
Sequestered within the heart of a cosmopolitan city is an exotic world—a place where diamonds, astronomically priced, are bought and sold on the strength of a handshake, and business disputes are resolved according to ancient Jewish principles of arbitration. Yet it is also a modern industry facing the same fundamental global changes affecting all businesses today.

In Diamond Stories, Renée Rose Shield leads us into the unexamined realm of wholesale diamond traders in New York. Related to several well-respected traders, she had unprecedented access to a society normally closed to outside inquiry. Here she deftly blends her personal relationship and her anthropological training to provide an insightful exploration of this tradition-bound industry, the new challenges it faces, and the ways both industry and individuals adapt to and endure change.

Shield begins with a fascinating history of diamond mining, combining the story of the De Beers cartel, the role of Jews in the trade, and the part diamonds have played both in war and liberation. Throughout, she incorporates commentary by current diamond traders. Succeeding chapters explore the evolving nature of both the global trade and the New York diamond district. Shield takes a close look at the increasingly complex ethnic makeup of the district, illuminates the rarely documented work done by women, chronicles the resilient system of arbitration, and reveals the ways in which many traders work well into their eighties and nineties. Their long lives of work, cushioned by the trade’s social environment, offer hints for successful aging in general.

--This text refers to the Paperback edition.

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Editorial Reviews

From Publishers Weekly

New York's diamond business is an insular world. Yet thanks to introductions from relatives in the business, anthropologist Shield (Uneasy Endings: Daily Life in an American Nursing Home) gained access to the industry's inner sanctum: West 47th Street in Manhattan. Once there, she interviewed diamond dealers, brokers and manufacturers the majority of them Orthodox and Hasidic Jews and then merged her findings with anthropological observations to illuminate the history and culture of New York City's diamond industry. This modest, accessible if somewhat academic volume, part of Cornell's Anthropology of Contemporary Issues series, covers a lot of ground, including the fundamentals of diamond mining; the origins of Jews' entry into the trade; the minutiae of the business, which still observes verbal contracts and handshakes; the role of the influential Diamond Dealers Club of New York; and the process of arbitration, the system the industry uses to resolve conflicts. Shield also pays particular attention to women's functions in the trade (Orthodox Jews and Hasidic sects are highly patriarchal cultures in which women have often been excluded from the marketplace), the vagaries of being part of a family business and the aspects of the business that allow many men to work well past typical retirement age. Though perhaps too detailed and scholarly for a wide, popular audience, the book offers a window into an enigmatic sector of society that, as Shield ably portrays, balances on the cusp between the traditional and the modern. Photos.
Copyright 2002 Cahners Business Information, Inc.

From the Inside Flap

"Renee Rose Shield gives us an inside look at the diamond industry. Her stories sparkle with warmth, humor, and insight."--Eli Izhakoff, Chairman and CEO, World Diamond Council

"When I first heard someone was doing an anthropological study on the diamond industry, I thought, "Great idea!' Now that I've read it, I can add,'Great book!' The diamond world is a business unlike any other, with its own cultures, rules and traditions Renee Shield is a lively, insightful guide to this mysterious and fascinating world."--Rob Bates, Editor, New York Diamonds Magazine

"True to its subject, the complex world of the contemporary diamond merchant, this book offers a multi-faceted, well written, and sensitively rendered account of why this precious gemstone has taken hold of both our imagination and our pocketbooks."--Jenna Weissman Joselit, author of A Perfect Fit: Clothes, Character and the Promise of America

"Renee Rose Shield explores the fascinating world of diamond traders in a lively and engaging narrative, weaving together economics, geology, business, sociology, and culture."-- Helen Fremont, author of After Long Silence: A Memoir

"This is a jewel of a book whose facets include commerce, gender, aging, and ethnicity. Simultaneously biblical, local, and global in her scope, Shield cuts to the heart of a community-an unusual place of trade and tradition-with great eloquence and insight."--Joel S. Savishinsky Charles A. Dana Professor in The Social Sciences, Ithaca College, Author , Breaking The Watch: The Meanings of Retirement in America --This text refers to the Paperback edition.


Product Details

  • Hardcover: 233 pages
  • Publisher: Cornell Univ Pr (May 2002)
  • Language: English
  • ISBN-10: 0801439892
  • ISBN-13: 978-0801439896
  • Product Dimensions: 9.2 x 6.2 x 0.8 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #2,233,770 in Books (See Top 100 in Books)

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3.7 out of 5 stars (3 customer reviews)
 
 
 
 
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3 of 3 people found the following review helpful:
5.0 out of 5 stars I couldn't put it down, November 29, 2008
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This review is from: Diamond Stories: Enduring Change on 47th Street (Anthropology of Contemporary Issues) (Hardcover)
Although intended as a book for anthropologists, this book will appeal to anyone who has ever wondered about a diamond or about how an industry can regulate itself. The author is an anthropologist who had extraordinary access to the industry through her uncles. The book is a result of her keenly honed insight, told with understanding that comes from the unusual combination of her profession and her appreciation for her uncles' world.
The other reviewer is irrelevant. I have recommended this book to many friends.
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1 of 1 people found the following review helpful:
5.0 out of 5 stars a fascinating look at a unique way of life, November 14, 2009
Amazon Verified Purchase(What's this?)
This review is from: Diamond Stories: Enduring Change on 47th Street (Anthropology of Contemporary Issues) (Hardcover)
This book is a unique look at a particular slice of society and about a way of life that is changing. Very interesting if you are interested in the lives of diamond dealers in New York City.
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0 of 12 people found the following review helpful:
1.0 out of 5 stars What a bunch of crooks, I dare you to print this..., April 28, 2008
What is fun about a bunch of robbers ????? When Greed is taught in our Colledges, we have'nt a chance to do what is right....unless we start to think for ourself....Do what is RIGHT.. Do not listen to the lies of the Politicians,Question your educators untill you know they are telling the truth and Lord help us you know when that is...
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Inside This Book (learn more)
First Sentence:
Adding glitter to the cynical and weary world, and revealing no hint of their earthly origins, diamonds are everywhere. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
diamond traders, diamond business, grading reports, older traders, diamond firm, colored diamonds, diamond prices, parcel paper, diamond industry, diamond market, diamond dealers, diamond exchange, trade writer, carat weight, one dealer
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, South Africa, World War, Sierra Leone, Diamond Dealers Club, East Asia, Global Witness, Martin Rapaport, Beth Din, Lazare Kaplan, United Nations, Ernest Oppenheimer, Rockefeller Center, After Moishe, General Electric, Hong Kong, Market Week, Orthodox Jews, Rapaport Fancy Prices Provoke Protests, South America, World Diamond Council
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