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Cutting Remarks

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This week: London’s diamond district gets squeezed. Indian dealers worry about “black money” investigation. And Facebook says jeweler’s ad is sexually suggestive. All below.   Consumers think highly of Kay, despite bad publicity. - Signet answers questions from Business Insider. -...

Rob Bates | June 24, 2016 | Cutting Remarks
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The world is still coming to terms with yesterday’s Brexit vote, what it means, and where it will lead. But here are five possible effects on our industry frequently cited by analysts and observers. It could hurt the overall U.S. economy. From the perspective of JCK readers, this might be...

Rob Bates | June 24, 2016 | Cutting Remarks
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At this year's JCK show in Las Vegas, Andrey Polyakov (pictured), the vice president of Russian diamond producer Alrosa who recently took over the World Diamond Council (WDC), spoke with me about his plans for the WDC, which represents the industry in front of the Kimberley Process. Here, he...

Rob Bates | June 22, 2016 | Cutting Remarks
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This week: Pandora on Rue La La. California jeweler arrested for stone switching. And a rare Tiffany hallmark discovered. All below.   Sporn acquires Bixler’s, America’s oldest jeweler.   JTV: First-quarter sales rose 17 percent.   John Hardy plans limited number of...

Rob Bates | June 17, 2016 | Cutting Remarks
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This week two very good articles were published on lab-grown diamonds, which included two delete-your-account comments from Martin Roscheisen, the CEO of synthetic manufacturer Diamond Foundry. In the first, in Racked, he declared that the mining industry “enslaves...

Rob Bates | June 17, 2016 | Cutting Remarks
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It is easy to think that the Diamond Producers Association (DPA) is trying to counter lab-grown diamonds with its new slogan: “Real is rare. Real is a diamond.”  The words real and rare are two clubs the natural industry tends to beat the lab-grown business with—even if both are somewhat...

Rob Bates | June 15, 2016 | Cutting Remarks
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This week: George Soros buys gold. Reverberations continue from Winsome default. There may be life on diamond planets. All below.   Signet's Wall Street brushfire. - “No meaningful uptick in consumer claims.” - Opinions pro and con. - Banks reaffirm “buy” ratings....

Rob Bates | June 10, 2016 | Cutting Remarks
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Last week, just as JCK Las Vegas was in full swing, Signet’s stock cratered, dropping from $108.37 on May 26 to hit $85.90 on June 7. It has recovered a bit since then—it is currently trading at $89.46—boosted by purchases from company insiders. But it’s a surprising performance, especially...

Rob Bates | June 9, 2016 | Cutting Remarks
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Scott Burger, president of the Americas for Pandora, very generously took some time to talk with me at his brand’s beautiful booth during the JCK show in Las Vegas last week. Burger, a former grocery executive, spoke with JCK about the brand’s new “Unique As We Are” campaign, its growing push into...

Rob Bates | June 8, 2016 | Cutting Remarks
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This week: Signet’s stock gets hurt. A strike at Macy’s? And the Melania Trump edible diamonds commercial. All below.   U.S. consumer spending sees biggest growth in six years.   How millennials marrying later could help the diamond business.   Silpada Designs to...

Rob Bates | June 3, 2016 | Cutting Remarks
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