Diamond Shavings: Your Weekly Web Roundup

First, a personal note, this week I will be at the World Jewelry Forum in Vicenza, which includes the World Diamond Council and CIBJO Congress. Hope to file a blog or report or two from there.

Last week … Pandora and Blue Nile try to right their ships … J.C. Penney changes things again … And the De Beers class action case may finally be over. Who’s buying lunch? … All below …

 

Pandora revenues sink, because of stock balancing.

 

Blue Nile sales rise, profits plummet.

– Stock rises.

– Company names chief marketing officer.

– Launching private label credit card.

 

Amazon, QVC tops for customer service online.

 

Nordstrom ranks highest among luxury shoppers.

 

J.C. Penney eliminates sales commissions.

 

Sears chief “focused on minutiae.”

 

De Beers antitrust class action … almost home.

 

DTC makes price adjustments at sight.

– Rough and polished again at a disconnect.

– Rough market “in gloomy mood.”

 

Bids made for investment fund Diamond Circle Capital.

 

Gold price erases gains for the year.

 

Richline introduces jewelry vending machine.

– Warren Buffett works as jewelry salesman again.

– Berkshire Hathaway vice chairman comes out against gold.

  

America: still growing market.

– Luxury spending expected to increase.

 

The growing problem of lead glass-filled rubies.

 

Israeli law requires diamantaires to report cash transactions.

 

Dubai launches new measures against diamond smuggling.

 

U.N. Human Rights commissioner to visit Marange diamond fields.

– Zim diamond money “not accounted for.”

– Activist to appear at Rapaport conference.

 

KP chair reflects on Charles Taylor verdict.

 

Monstrey case begins in Antwerp court.

 

Edahn Golan criticizes “blood diamond” Nintendo game.

 

Cartier exec Martin Gatins dies.

 

Florida jeweler Alvin Lee Magnon dies.

  

Scio begins production of lab-grown diamonds.

– Element Six opens “synthetic diamond innovation” center.

 

Forevermark expands into Canada.

 

Woman finds mystery diamond ring in her toilet.

 

Media Watch:

BBC profiles Congo diamond trader.

 

From the Blog:

De Beers Antitrust Class Action Settlement … Almost Home.

Richline Introduces Jewelry Vending Machine.

 

 

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JCK News Director