Word: 47th
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...babble, mostly in the English peculiar to New York, but also in Russian, German, Yiddish, Hungarian, Flemish and Dutch. Plainclothesmen unobtrusively roam the block, and inside the buildings armed guards watch passers-by through bulletproof windows. But for all its crowded and wary atmosphere, Manhattan's West 47th Street is the most sparkling street in town because it is the hub of the U.S.'s $500 million annual diamond market...
Through the hands of West 47th Street's 400 dealers, 200 cutting firms and scores of sawyers, brokers and retailers, pass 80% of the polished diamonds produced in the world each year. The New York diamond market centering on a single West 47th block serves 99% of the nation's retail jewelers and is the world's largest seller of "sizes," i.e., diamonds of more than 1½ carats...
Shortage of Stones. Last week there was a rush of summer activity on West 47th as European buyers patrolled the street in search of fine stones. The newly affluent Europeans are now competing in ever-increasing numbers for the better diamonds that in the lean years after World War II went almost entirely to the U.S. market. Their demand, on top of the slowdown in the flow of new diamonds coming from the Congo and South African mines because of racial and political upheavals, has driven up prices, e.g.. a flawless, two-carat blue diamond that retailed for about...
...fellow with a funny eye. In 1945, when Dictator Getúlio Vargas fell, another way presented itself: politics, where offbeat appearance can sometimes be an advantage. "When he first got the idea, I was very dubious," Eloá says. In his first race, in 1947, he fetched up 47th on the list of candidates for 45 São Paulo city council seats. Only when the Communist Party was outlawed and 14 of the winners were eliminated did Quadros get a seat...
...gifts, sipped German wine and, as one admiring newsman neatly put it, stood through four hours of the celebration "straight as the No. 1." In Washington, both sides of the House of Representatives gushingly vied to pay tribute to Speaker Sam Rayburn, turning 78 and rolling into his 47th year in Congress, his 15th as Speaker. Before taking the annual flattery with a practiced shrug, Mr. Sam observed: "I've never been sick in my life. I never did feel bad. I feel good now. If I keep feeling like I do, I guess I'll stay around...