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      All the same, considering the role money plays in all our lives, it is odd how often authors cause characters to insult dollar bills, roubles, pound notes. Which enables audience, readers, to go home, or to shut the book, feeling cleansed of the stuff? Above it?

      Whereas we are told that in less surly days sultans on feast days flung gold coins into crowds happy to scramble for it; that kings caused showers of gold to descend on loved ministers; and that if jewles fell in showers from the sky no one would dream of asking suspicious questions.

      The nearest any one of us could remember to this kingly stuff was a certain newspaper mogul in London who would reward a promising young journalist for an article which he (the mogul) liked, with an envelope stuffed full of five pound notes sent around by special messenger – but this kind of thing is only too open to unkind interpretation; and the amount of ill-feeling aroused in the bosoms of fellow journalists, and the terror in that of the recipient for fear the thing might be talked about, is probably why we stage such scenes as it were in reverse, and why, on the edge of a magic fountain, we slide in a single coin, like a love letter into an envelope during an affair which one’s better sense entirely deplores. Sympathetic magic – but a small magic, a mini-magic, a most furtive summoning of the Gods of Gold. And, if a hand rose from the fountain to throw us coins and jewels, it is more than likely that, schooled as we are by recent literature, we’d sneer and throw them back in its teeth – so to speak.

      And now a man who had not spoken at all said that he knew of a case where jewels had been flung into the dust of a public square in Italy. No one had thrown them back. He took from his pocket a wallet, and from the wallet a fold of paper such as jewellers use, and on the paper lay a single spark or gleam of light. It was a slice of milk-and-rainbow opal. Yes, he said, he had been there. He had picked up the fragment and kept it. It wasn’t valuable, of course. He would tell us the story if he thought there was time, but for some reason it was a tale so precious to him that he didn’t want to bungle it through having to hurry. Here there was another swirl of silkily gleaming fog beyond the glass of the restaurant wall, and another announcement of unavoidable delay.

      So he told the story. One day someone will introduce me to a young man called Nikki (perhaps, or what you will) who was born during the Second World War in Italy. His father was a hero, and his mother now the wife of the Ambassador to … Or perhaps in a bus, or at a dinner party, there will be a girl who has a pearl hanging around her neck on a chain, and when asked about it she will say: Imagine, my mother was given this pearl by a man who was practically a stranger, and when she gave it to me she said … Something like that will happen: and then this story will have a different beginning, not a fog at all …

      There was a man called Ephraim who lived in Johannesburg. His father was to do with diamonds, as had been his father. The family were immigrants. This is still true of all people from Johannesburg, a city a century old. Ephraim was a middle son, not brilliant or stupid, not good or bad. He was nothing in particular. His brothers became diamond merchants, but Ephraim was not cut out for anything immediately obvious, and so at last he was apprenticed to an uncle to learn the trade of diamond-cutting.

      To cut a diamond perfectly is an act like a samurai’s sword-thrust, or a master archer’s centred arrow. When an important diamond is shaped a man may spend a week, or even weeks, studying it, accumulating powers of attention, memory, intuition, till he has reached that moment when he finally knows that a tap, no more, at just that point of tension in the stone will split it exactly so.

      While Ephraim learned to do this, he lived at home in a Johannesburg suburb; and his brothers and sister married and had families. He was the son who took his time about getting married, and about whom the family first joked, saying that he was choosy; and then they remained silent when others talked of him with that edge on their voices, irritated, a little malicious, even frightened, which is caused by those men and women who refuse to fulfil the ordinary purposes of nature. The kind ones said he was a good son, working nicely under his uncle Ben, and living respectably at home, and on Sunday nights playing poker with bachelor friends. He was twenty-five, then thirty, thirty-five, forty. His parents became old and died, and he lived alone in the family house. People stopped noticing him. Nothing was expected of him.

      Then a senior person became ill, and Ephraim was asked to fly in his stead to Alexandria for a special job. A certain rich merchant of Alexandria had purchased an uncut diamond as a present for his daughter, who was to be married shortly. He wished only the best for the diamond. Ephraim, revealed by this happening as one of the world’s master diamond-cutters, flew to Egypt, spent some days in communion with the stone in a quiet room in the merchant’s house, and then caused it to fall apart into three lovely pieces. These were for a ring and earrings.

      Now he should have flown home again; but the merchant asked him to dinner. An odd chance that – unusual. Not many people got inside that rich closed world. But perhaps the merchant had become infected by the week of rising tension while Ephraim became one with the diamond in a quiet room.

      At dinner Ephraim met the girl for whom the jewels were destined.

      And now – but what can be said about the fortnight that followed? Certainly not that Ephraim, the little artisan from Johannesburg, fell in love with Mihrène, daughter of a modern merchant prince. Nothing so simple. And that the affair had about it a quality out of the ordinary was shown by the reaction of the merchant himself, Mihrène’s conventional papa.

      Conventional, commonplace, banal – these are the words for the members of the set, or class, to which Mihrène Kantannis belonged. In all the cities about the Mediterranean they live in a scattered community, very rich, but tastefully so, following international fashions, approving Paris when they should and London when they should, making trips to New York or Rome, summering on whichever shore they have chosen, by a kind of group instinct, to be the right one for the year, and sharing comfortably tolerant opinions. They were people, are people, with nothing remarkable about them but their wealth, and the enchanting Mihrène, whom Ephraim first saw in a mist of white embroidered muslin standing by a fountain, was a girl neither more pretty nor more gifted than, let’s say, a dozen that evening in Alexandria, a thousand or so in Egypt, hundreds of thousands in the countries round about, all of which produce so plentifully her particular type – her beautiful type: small-boned, black-haired, black-eyed, apricot-skinned, lithe.

      She had lived for twenty years in this atmosphere of well-chosen luxury; loved and bickered with her mother and her sisters; respected her papa; and was intending to marry Paulo, a young man from South America with whom she would continue to live exactly the same kind of life, only in Buenos Aires.

      For her it was an ordinary evening, a family dinner at which a friend of Papa’s was present. She did not know about the diamonds; they were to be a surprise. She was wearing last year’s dress and a choker of false pearls: that season it was smart to wear ‘costume’ pearls, and to leave one’s real pearls in a box on one’s dressing-table.

      Ephraim, son of jewellers, saw the false pearls around that neck and suffered.

      Why, though? Johannesburg is full of pretty girls. But he had not travelled much, and Johannesburg, rough, built on gold, as it were breathing by the power of gold, a city waxing and waning with the fortunes of gold (as befits this story), may be exciting, violent, vibrant, but it has no mystery, nothing for the imagination, no invisible dimensions. Whereas Alexandria … This house, for instance, with its discreetly blank outer walls that might conceal anything, crime, or the hidden court of an exiled king, held inner gardens and fountains, and Mihrène, dressed appropriately in moonwhite and who … well, perhaps she wasn’t entirely at her best that evening. There were those who said she had an ugly laugh. Sometimes the family joked that it was lucky she would never have to earn a living. At one point during dinner, perhaps feeling that she ought to contribute to the entertainment, she told a rather flat and slightly bitchy story about a friend. She was certainly bored, yawned once or twice, and did not try too hard to hide the yawns. The diamond-cutter from Johannesburg gazed at her, forgot to eat, and asked twice why she wore false pearls in a voice rough with complaint. He was gauche, she decided – and forgot him.

      He did not return home, but wired for money. He had never spent any, and

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