Where Is the NYC Diamond District? History of 47th Street and the Federal Reserve Gold Vault

New York City has two very different places where extraordinary concentrations of portable wealth can be found within a few miles of each other. In Midtown Manhattan, the Diamond District fills a single block of West 47th Street with jewelers, diamond dealers, cutters, wholesalers, appraisers, and exchanges. Downtown, the Federal Reserve Bank of New York stores the world s largest known depository…