This week … De Beers, LVMH, Swatch, and Alrosa all announced
that they all making more money than you … We learned about the first diamond ring that
is all-diamond. And kind of all wrong. … Plus, the U.S. economy may collapse.
Fun! … All below …
De Beers has record results, expects polished
prices to keep rising.
– Financial Times talks
to new CEO. (He says he’s still learning.)
– CEO says price rises “not
speculation.”
– No IPO
planned.
– Hunt for new Botswana
boss.
– Retail expansion focused on
China.
– Diamdel sells
all its lots.
Why the Forevermark may
be a trailbrazer.
– Brand throws week
of events.
Alrosa again world’s
biggest diamond producer.
– Prices up 41%
from last year.
Gold reaches new
record.
– Analysts: Price hinges
on debt crisis.
LVMH jewelry sales up 30%.
– Swatch sees sales,
profits records.
Luxury confidence sinks.
Moissanite sales, profits
down.
– Company patent challenged.
JVC warns about
irradiated diamonds.
Helzberg settles
“hearts and arrows” case.
Bidz calls Ed Hardy suit baseless.
Tiffany motion rejected in
counterfeit case.
Former Fred Leighton owner sentenced.
Diamond miners “cautious” about
supply.
– And embrace
transparency.
Indian banks to sell assets
of diamond defaulter.
– Banks cracking down on
diamond debtors.
Many diamonds could have been
lost in Mumbai blast.
– Injured brokers dies from injury.
Terrible. Our condolences.
– Explosions hasten move
to bourse.
Mumbai traders appeal money
laundering penalty.
Jewelry web sites “behind
the times.”
– Interesting, though kind of disturbing: Allure.com
adds shopping cart to articles.
Zim finance minister wonders where Marange money is.
– Ministers divided.
– Government newspaper says all’s well.
– Mugabe calls Chinese “looters.”
Striking union vows to cut
“De Beers down to size.”
Ostbye acquires
Shimmering Diamonds.
JCK staffers honored
by WJA.
– David and Sybil Yurman honored
by AGS.
Edward Burns directs
new Tiffany commercials.
– Campaign dissed by Jezebel.
I think it’s great.
The all diamond
diamond ring.
Prince William gives his wife diamond
earrings.
Media Watch:
– Wall
Street Journal visits the diamond district.
– Al
Jazeera on the Kimberley Process.
– This story on conflict-free diamonds on the
Knot seems to cover all the bases pretty thoroughly.
From the Blog:
How
the Forevermark May Be a Trailblazer.
Feel free to comment on any of the above in the box below,
and enjoy your weekend …
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