Diamond Shavings: Your Friday Web Roundup

June 12, 2009

So for any newcomers, this is my round-up of the most interesting stories and other stuff from around the web. It’s posted every Friday at around 2:15 - 2:30 .. .And here’s the news …

Michael Beaudry goes Chapter 11.

- Court papers with creditor list.

Luxury recovery in 2012?

Interview with Ian Smillie on Kimberley Process.

- Resignation “a great loss.”

- PAC’s “conflict diamond” newsletter. (PDF)

- U.S. issues Guinea KP certificate warning.

Zale wants to get “released” from Bailey lease obligation.

30 West 47^th Street sold.

Chaim investigates: “Why not more wholesale bankruptcies?”

JVC files brief in De Beers anti-trust action. It should be noted that, as the release states, the appeals were brought by consumers, not De Beers. Whatever you think of De Beers, they would like these issues over, for their own reasons. Remember, this was a settlement (which means there was agreement between the parties), not a judgement. And finally, anyone who expects a lot of money from this, well .. I wouldn’t count on it …

Botswana signals “parallel” sales channel.

- Penny: “Benefication will work.”

De Beers ordered to reverse SA layoffs.

- De Beers considering.

More on De Beers’ finances.

Diamond mining called “most troubled sector.”

Yellowknife diamond factory (Arslanian) “in limbo.”

Indian exporters seek $4 billion in credit.

- Small diamond prices jump.

- Diamond cutting “on road to recovery.”

- Film about plight of Indian diamond polishers.

Rapaport interviews Alrosa president.