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This week: The best jewelry promotions of the year. Tiffany’s CEO details his plans. And Snopes looks at whether Kay Jewelers' rings are bait for human traffickers. All below.   Speculation swirls around Extell’s plans for 47th Street.   Report: Synthetic diamonds...

Rob Bates | July 22, 2016 | Cutting Remarks
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After the International Gem Tower (IGT) was built, Extell Development became one of the major property owners in the Diamond District. Now, the developer, headed by Gary Barnett, a former diamond trader, seems poised to become an even more dominant force on 47th Street. And no one knows what it’...

Rob Bates | July 21, 2016 | Cutting Remarks
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It's not just miners such as De Beers and Alrosa that are looking at tracking the origin of diamonds. The Gemological Institute of America is, too. The GIA has confirmed talk that chief laboratory and research officer Tom Moses discussed a diamond origin tracking service at the recent...

Rob Bates | July 20, 2016 | Cutting Remarks
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This week: Could Macy’s follows Sears? Watch kids discover the joy of jewelry. And Khloe Kardashian’s jewelry drawer. All below.   JCK show returning to the Sands.   Video claims women offered less than men for diamond trade-ins.   How Amazon generated real...

Rob Bates | July 15, 2016 | Cutting Remarks
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Last month, the first—but maybe not the last—Global Law Enforcement Diamond Forum was held in The Hague, Netherlands.  From June 28 to 30, members of the diamond industry rubbed elbows with agents from the FBI and Interpol—along with the now-standard NGOs—and heard presentations...

Rob Bates | July 15, 2016 | Cutting Remarks
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Amazon must have been watching in 2014, when Alibaba set an all-time world record for e-commerce on Nov. 11, China’s Singles' Day. It didn’t take the Seattle-based e-tailer long to concoct its own 24-hour sales-travaganza: Prime Day, July 12, in which 100,000 items were on sale....

Rob Bates | July 14, 2016 | Cutting Remarks
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This week: How to save Macy’s. What happens to unsold auction diamonds? New security risk for smartwatches. All below.   A second gold rush: Metal hits 28-month high.   Next year’s Smart Jewelry Show called off. - And InDesign, RIP.   Legendary jeweler...

Rob Bates | July 8, 2016 | Cutting Remarks
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In the last month, we have seen a few notable reports on the diamond industry. Here are some highlights: - The supply/demand imbalance: The dream never dies. Alrosa’s June presentation is the most bullish of the bunch, with the Russian diamond producer estimating that demand will rise 2 to 4...

Rob Bates | July 8, 2016 | Cutting Remarks
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Last week, The Economist wrote a good article on the state of the diamond business, and then tweeted, “Why aren’t millennials buying diamonds?” The responses were, um, lively enough that they spawned several articles and then several more. (And now, this one.) Most of the responses were...

Rob Bates | July 7, 2016 | Cutting Remarks
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This week: The outlook for the diamond market. Connecticut jewelry company lays off 47. And what will happen to the 24 Karat Club dinner? All below.   1,109 ct. rough fails to sell at auction. - Pre-auction interview with Lucara president. - Blame Brexit? - Might go on...

Rob Bates | July 1, 2016 | Cutting Remarks
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The key to whether or not the presence of "synthetic" diamonds**...

The scariest thing to me about this industry and this subject is the...

Another common misconception, "nothing natural about a cultured...

No stupidity involved here...more like... early retirement.!

He was a good guy for sure.