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Diamond Shavings: Your Friday Web Roundup
June 27, 2008


Well it was another, um, exciting week ..

 

Whitehall goes Chapter 11.

- Will auction its assets.

- Is there a buyer?

- Hearing report: Memo madness!  Seiko sues.

- Creditor list.

- The “Warren Buffett way.”

 

House of Taylor: A house of pain.

- Ends operations.

 

Hong Kong Show: Middling.

- “Record number” of exhibitors.

 

Birks and Mayors: Sales up, profits down.

This just in ... De Beers plans price increase.

Sylvain Ringer dies. Very sorry to hear.

 

Jacob the Jeweler sentenced.

- The Smoking Gun has more Jacob dirt.

 

Diamond investment fund raises $74 million.

- Chaim’s take.

 

Royal Asscher disavows Fabrikant.
- Fortgangs get hearing.

Ebay changes jewelry listing policy. Fine vs. fun!

Hearts on Fire sues Blue Nile.

 

WFDB: Don’t buy Venezuela’s diamonds.

- NGO report on Cote de Ivore conflict diamonds.

- Diamond laundering in Zimbabwe.

 

Signet gets new credit deal.

 

Diamond wholesaler joins Zale board.

 

New Jersey jewelers target “used jewelry”bill.

 

Consumer confidence index declines.

 

Fake diamond rough?

 

Gassman: Harry Winston rebounds.

 

De Beers “Leaders of Africa” summit concludes.

- Is African investment now mandatory?

- Russell Simmons blog post.

 

LLD Namibia workers on strike.

 

Mining Watch:

- A diamond mine in India?

- De Beers, NUM make deal.

- West African Diamonds faces takeover.

- Eight killed in Guyanan mine.

 

Indian Company Financials:

- Rajesh Q4 profits up 47%.

- Suraj 4Q profits up 30%.

- Flawless 4Q profits up 141%.

- Classic profits up 38%.

 

UNICEF shuns Leviev donations. Somewhere, a yeshiva cheers.

 

Umbilical cord made into diamond. Next: A platinum placenta!

 

I agree … this is a very nice De Beers retail ad

 

Media Watch:

- Nerve article: Diamonds are “profoundly anti-feminist." (Profoundly!)   Jezebel has lively discussion.

- Bloomberg: Jewelry displays risk athlete safety.

- New York Times blog on the “diamond cartel.” 

- Indian newspaper on China’s threat to Indian cutting.

- Seeking Alpha on Blue Nile.

 

From the Blog:

De Beers Plans Price Increase.
Who Will Buy ... Whitehall's?

Report from Whitehall Hearing

The Warren Buffett Way.

 

Have a great weekend …


Posted by Rob Bates on June 27, 2008 | Comments (2)


June 29, 2008
In response to: Diamond Shavings: Your Friday Web Roundup
sam commented:

What has "Somewhere, a yeshiva cheers" got to do with Unicef shunning leviev donations?




June 29, 2008
In response to: Diamond Shavings: Your Friday Web Roundup
Rob Bates commented:

Hi Sam ... Since Leviev gives a lot of money to religious charities, it's implying he will just reallocate the money there. It was (my idea of) a little joke ...





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