DDC Celebrates Diamond Jubilee: An Oral History

For an institution that turns the grand old age of 75 this year, the Diamond Dealers Club of New York had an inauspicious beginning. Its founder, Harry Sigman, wanted a bourse in New York that replicated the diamond exchanges in Europe, because—according to legend—he found a diamond in his pants one night and wanted a place to trade it safely and securely. The club’s first meeting in 1931 attracted only 12 people, but it was enough to draw up articles of incorporation.A generation later, the DDC became the hub of the New York diamond industry, and it remains an important trade institution today. For the Diamond Dealers Club’s 75th anniversary, JCK spoke to a variety of people about their memories of the club. Some of these interviews are also featured in a booklet that was given out at the club’s anniversary dinner last month. Many of the interviewees have been members for more

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