Diamond Shavings: Your Friday Web Roundup (Vegas Recovery Edition)
First off, some people said that I was a bit too upbeat in my quick assessment last week of the shows in Vegas. Clearly, all the shows are becoming more appointment-oriented, even if, as one wise man said, that defeats the purpose of a trade show.
One observation: Diamond people were extremely gloomy, not necessarily about the show, but the business in general. I have never known diamond people to be sparkling rays of sunshine, but this was among the worst I have ever seen. It really looks like we could see some difficult days ahead.
On that chipper note, here is this week’s web highlights:
- Post-price increase sight reports.
- The low-end industry needs to “redefine itself.”
Media Watch:
- Daily News article on buying diamonds on-line and “alternative” rings.
- Newsday/AM New York article on “ethical diamonds.”
- AP article on women picking out their own engagement rings.
- Forbes article on overseas demand for jewelry.
De Beers says sales decline, but profits rise. Among the interesting tidbits: the De Beers retail chain has now made over $100 million. I have no idea if the chain is profitable, but that’s still impressive.
- Full report here.
- WWD on De Beers’ e-commerce launch; Forbes and Motley Fool on whether it will hurt Blue Nile.
- Further speculation about mining mergers.
- M. Fabrikant and Sons sells assets.
- As a journalist, of course I agree with everything in Chaim’s latest Idex memo.
- De Beers wins one in South Africa.
- Analysts on Aber (oops, I mean, Harry Winston.)
- JCK interview with Ed (“Blood Diamond”) Zwick now online. Also: Global Witness goes after chocolate.
- Bloggery: The Future of Diamond Advertising.
- Finally, very happy trails and best wishes to Laura. You will be missed. Have a good weekend, everyone …
