Business: Industrial Diamonds

In their rich, paneled offices off an awninged terrace overlooking the Hudson in downtown Manhattan, officials of the Dutch diamond firm of J. K. Smit & Sons were solemn last week. Amsterdam and their home office were in Nazi hands. So, too, they feared, were snow-haired Johan Smit, head of the firm, and Joop, the second of his three partner-sons, who was with the Dutch Army. Suddenly came a cablegram, signed by Johan's oldest son, Jan: how soon could Smit's Manhattan office get and ship 500 diamond-cutting saws to London?

Joyfully the Smitmen...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!