In the late 1800’s, Louis Baumgold immigrated to New York from Poland. He was a young teen and had been told by his parents to follow the most well dressed man he saw on the street and ask to apprentice with him. The man he chose to apprentice with was a jeweler and diamond cutter. After several years, young Louis had learned his trade, saved money, and sent home for his father to join him in New York. His father, I.M. Baumgold, also learned the diamond business and became a very successful diamond cutter. In 1900, I.M. and his sons Louis and Jack opened a diamond cutting factory called Baumgold Brothers. That firm grew into a leading American diamond importing and cutting company.