Advanced Search

In Memoriam: Henry Verstandig

Jan 5, 2021 4:09 AM   By Martin Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... The passing of Henry Verstandig, founder of Verstandig & Sons Diamonds, is a sad occasion for the diamond industry. It marks the end of a generation that formed the foundation of New York’s diamond district. Henry and his brother Willy were true diamantaires who reflected the honest values and integrity of the diamond trade. They were traditional De Beers sightholders who loved the diamond community and business. 

I remember Henry and Willy in the old days when they were leaders of the industry. They were on top of the diamond world and treated everyone, including me, with kind consideration and friendly encouragement. They were keepers of 47th Street’s positive diamond culture during the good times.

Henry disliked the disruption Rapaport brought to the diamond trade. Like many others, he wished for a more stable and profitable diamond industry. But now he and his generation are gone. And we, the new “old-timers,” face even greater change and disruption. We can only hope to live up to their standards.

The Dutch-English dictionary translates Verstandig as “wise, showing good judgement.” I like to think of a Yiddish translation: “steadfast in values, trustworthy.” That’s how I remember Henry. That is how he lived.

Image: Henry Verstandig. (Michael Verstandig/Verstandig & Sons Diamonds)
Tags: DeBeers, Henry Verstandig, Martin Rapaport, Verstandig, Verstandig & Sons Diamonds
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 04, 2022
News: Diamond market quiet. Deep concerns about trading slowdown and prospects for 2H. US retail
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.