Why would he give away his angle? He will now have competition on 46th Street, 45th Street, etc...
Nope. There’s a one block stretch that’s called the Diamond District, full of retail jewelry stores and buildings with dealers and diamond cutters on the upper floors. The daily value of the deals is staggering. And probably the last place in NYC where 6 and 7 figure deals are closed with no more than a handshake.