Diamond Shavings: Your Friday Web Roundup

 

The main thing I heard from the JA Show was “better than expected.” (Idex agrees.) We are seeing some improvement. It’s just very slow …

 

Here now the news …

 

Ultra Stores  exits Chapter 11.

 

Finlay close to bankruptcy, has two bidders.

 

Unsecured creditors sue Fortunoff.

 

AGTA closes gem lab.

 

New CEO for Charles and Colvard.

 

LVMH watch, jewelry sales fall.

 

GLG on the state of the industry.

– Gassman looks at the independent jeweler.

 

Chaim on Indian diamond banks.

 

De Beers may raise rough prices.

Considering “diamond fund.”

– Calls job cuts “permanent.”

– Admits to “mad dash for growth.”

- Anglo affirms De Beers stake.

 

Element Six jobs saved?

 

IRIN interviews Sierra Leone diamond smuggler.

Overview of industry.

– Newspaper calls for rules on local investment.

 

Social responsibility of diamond companies criticized.

– Report can be seen here. (Warning: annoying website.)

 

Kimberley Process wants to suspend Zimbabwe.

– Zimbabwe: Suspension will “worsen things.”

 

India: Former diamond worker’s daughter driven to prostitution.

 

Obama renews Burma ruby ban.

 

Management changes at I Hennig.

 

According to Modern Jeweler’s Facebook page, it has two prospective buyers. Good luck …

 

Diamonds may make wounds heal faster.

 

Media Watch:

CNN on Botswana’s diamond boom.

 

From the Blog:

The International Diamond Board.

 Unsecured Creditors Sue Fortunoff.

 

 

Have a great weekend …

 

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– Twitter feed (w/blog and news updates): robbatesjck

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– Email for tips, comments, hate and/or love mail: rbates – at – reedbusiness.com.

 

JCK News Director