In a recent episode, YouTuber TraxNYC takes viewers inside New York City’s Diamond District to explore how the diamond business actually works, from pricing to trust to power. The video features a conversation with Martin Rapaport, whose pricing list has become a central reference point for the global diamond market, shaping how stones are valued and traded.
Rather than focusing on glamour, the video looks at the structure behind the industry, including the role of the Jewish community, long standing customs like handshake based trust, and the financial systems that influence supply and demand. It offers a grounded look at how history, culture, and economics intersect on 47th Street, presenting the diamond trade as a business built on relationships as much as on stones.
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