In the 1970's, George Harrison was seeing the demise of his great band and wrote the song, "All Things Must Pass."  Is this the case with the great 47th street?
It seems that two major factors are coming into play for this theory. 47th street in Manhattan, for those that don't know, is a street where you can purchase the finest GIA diamonds, antique jewelry and precious gems. From the 1950's to the present it has been the place where one can purchase a diamond for a thousand dollars or for millions of dollars. But the street we know, as a retail outlet, is changing.


Source Link : https://vintagediamondring.com/blog/all-things-must-pass/