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Another District Needs Saving

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New York's Diamond District is struggling, reports Crain's. "Jewelers in the neighborhood report business is down more than 50% over the past 12 months, causing many longtime dealers to close up shop. 'You could be playing ball in here, it's so empty,' says Joseph Dardashti, who runs a wholesaling booth in a jewelry exchange on West 47th Street." Jewelry company bankruptcies doubled in the past year. [Crain's]