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Rob Bates

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This week: South Dakota jewelry company closes, after owner’s suicide. Retail leaders mixed on border tax. And a reason to buy an engagement ring, even if you’re not engaged. All below.   $45K Vacheron Constantin produced for Hodinkee sells out in half hour. - My thoughts: Lessons...
Rob Bates | February 17, 2017 | Cutting Remarks
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De Beers brand Forevermark has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. De Beers spent $85 million on Forevermark’s marketing activities in 2016, Forevermark said. In addition, last year the brand saw a 14...
Rob Bates | February 17, 2017

Forevermark Passes 2,000 Retail Doors Globally

Rob Bates | February 17, 2017
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Today, Blue Nile announced that its acquisition by Bain Capital Private Equity and Bow Street LLC has been completed. Going forward, it will no longer be a public company. When companies retreat from the public markets, it makes it harder for observers like me to comment on them. So here are...
Rob Bates | February 17, 2017 | Cutting Remarks

Where Does Blue Nile Go From Here?

Rob Bates | February 17, 2017 | Cutting Remarks
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Anna Martin has been elected president of the Diamond Empowerment Fund (DEF) board of directors. Martin currently serves as senior vice president, global development and beneficiation, for GIA. Martin follows Phyllis Bergman, who served in the role for five years. Other DEF executives are...
Rob Bates | February 17, 2017

DEF Appoints Anna Martin President of Board

Rob Bates | February 17, 2017
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GIA is taking applications for the $2 million in scholarships it's offering for its Gemology and Jewelry Manufacturing Arts programs, courses, and lab classes. Applications for the current scholarship cycle will be accepted through March 31 and are available here. Since 2013, GIA has awarded...
Rob Bates | February 16, 2017

GIA Taking Scholarship Applications

Rob Bates | February 16, 2017
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David Yurman is rolling out a new 2017 ad campaign, with black-and-white images from fashion photographer Bruce Weber. The campaign stars models Natalia Vodianova and Taylor Hill—the latter a newcomer to the brand—both featured in vacation settings. "It is never about a piece of...
Rob Bates | February 16, 2017

David Yurman Debuts Spring Ad Campaign

Rob Bates | February 16, 2017
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Hodinkee's recent offering of a limited edition, specially designed-for-the-site $45,000­ Vacheron Constantin turned into a pretty stunning success—it’s not often you make $1.6 million in sales in a half hour. That quick haul, and the publicity it’s generated, will certainly pique the interest of...
Rob Bates | February 16, 2017 | Cutting Remarks
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Blue Nile has settled a shareholder lawsuit that targeted the e-tailer’s pending merger. The putative class action suit, filed in the Delaware Court of Chancery, claimed a breach of fiduciary duty for failing to disclose material information in its proxy statement. Blue Nile then filed a...
Rob Bates | February 15, 2017

Blue Nile Settles Shareholder Complaint

Rob Bates | February 15, 2017
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The la Gloria, an 887 ct. "museum-quality" stone believed to be the largest rough emerald in the United States, is among the rare emeralds going up for sale by Guernsey's at an Apr. 25 auction run in New York City. That golf ball–size stone, along with 17 emeralds discovered from the...
Rob Bates | February 15, 2017

887 Carat Emerald Goes Up for Auction

Rob Bates | February 15, 2017
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Diamonds used to brew beer, Argyle’s uncertain future, and other stories on the industry’s radar this week: - Media Watch: WNYC on diamonds and millennials. The Washington Post on lab-grown diamonds (with mention of JCK). Refinery29 on why people like diamonds. Washington, D.C., and...
Rob Bates | February 15, 2017
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I'm a pretty traditional jeweler and I have to say I never saw Blue...

Five years ago, Blue Nile did have a "soul" and experienced jewelry...

Congratulations Eric!Desire' Tuinenburg-Cruz

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By the way Patrick - we post to learn from each other and share our...