What could be worse than losing a 7.5-carat diamond? (Telling its owner you lost it)

That’s exactly what an independent diamond broker had to do earlier this month after the stone — with an estimated wholesale value of $750,000 — fell out of his pocket in a crowded Diamond District jewelry exchange. Although he realized moments after leaving the exchange that the diamond wasn’t in his pocket, it [...]

More than 100 arrested in June for NYC fire code violations

Unaddressed fire code violations led to the arrest of 104 business owners and employees in June, nearly doubling the number of arrests made since the City announced its crackdown last July. Among those arrested were executives from Lord & Taylor and Merrill Lynch. The city pledged that the list will keep growing.

This recent [...]