Regarding the ongoing Kimberley Process negotiations in
Brussels, I hear there is an agreement, “with reservations” (meaning until
people get approval from “home” governments), which hasn’t been presented to
Zimbabwe yet. If any statement is
issued or any other news breaks over the holiday weekend, I will post it here,
on top of Diamond Shavings. (UPDATE: The latest Idex memo has good insight.)
Wishing all my American readers a happy Thanksgiving, and
profitable Black Friday …
Gemesis to mass
produce colorless stones.
Goofus: Zale
posts higher
1Q loss.
– Earning call transcript.
Gallant: Signet
sales up 5%.
Tiffany 3Q sales up 14%.
– Shares soar.
– Barron’s somewhat pessimistic.
Jewelry sales “up,” says
SpendingPulse.
– Christmas looks “better
than expected.”
Ralph Esmerian, former Fred Leighton owner, arrested.
– Complaint.
– Fred Leighton statement.
– U.S. attorney
press
release.
– Released on
recognizance.
Kimberley Process:
What Will Sprout from Brussels?
– Chaim Even-Zohar: Is there a “poison pill”?
– Tentative
agreement? Or still stalled?
– Zimbabwe snubs
meeting…
– “Secret plot” for
diamond sales.
– African Assocation urges
lawsuit.
– India vows to hold the
line.
– Wyndham looks
at diamonds and sanctions.
– Insurers “wary” of Marange stones.
– My thoughts: Has the KP always been
doomed?
Zimbabwe diamond
smuggling scandal?
Conviction in India for trading “banned” diamonds.
KP team visits
Surat.
Indian industry bankers panel to monitor diamond loans.
Why polished prices stagnate, as
rough rises.
“Pink diamond
spat.”
Another big diamond find at
Murfreesboro.
Rapper Akon now “believes” in conflict diamonds. What South African mine does he “own”? Does anyone know?
Oprah gives
audience diamonds.
Jacob the Jeweler sues
Courtney Love.
Jessica Simpson shows
off wedding ring.
Diamond baron’s wedding celebration.
Media Watch:
– Fox
Business tells people not to go
to retail jewelers, but look for wholesalers.
– Much better advice from
WalletPop.
– Reuters on how
gold prices impact the industry.
– Jewish
Journal/LA on the Kimberley Process. For the record, no NGOs (to my
knowledge) have pulled out of the KP.
From the Blog:
Lab
Grown Diamonds, in Living Colorless.
Was
Kimberley Process Always Doomed?
Once again, have a great weekend!
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