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Today, Blue Nile announced that its acquisition by Bain Capital Private Equity and Bow Street LLC has been completed. Going forward, it will no longer be a public company. When companies retreat from the public markets, it makes it harder for observers like me to comment on them. So here are...

Rob Bates | February 17, 2017 | Cutting Remarks
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Anna Martin has been elected president of the Diamond Empowerment Fund (DEF) board of directors. Martin currently serves as senior vice president, global development and beneficiation, for GIA. Martin follows Phyllis Bergman, who served in the role for five years. Other DEF executives are...

Rob Bates | February 17, 2017
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David Yurman is rolling out a new 2017 ad campaign, with black-and-white images from fashion photographer Bruce Weber. The campaign stars models Natalia Vodianova and Taylor Hill—the latter a newcomer to the brand—both featured in vacation settings. "It is never about a piece of...

Rob Bates | February 16, 2017
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Bricks-and-clicks jewelry retailer Brilliant Earth announced this week that it will open a new showroom in San Diego in March.   The new 2,000-square-foot showroom—located on the third floor of the La Plaza La Jolla open-air shopping center—will specialize in Brilliant Earth's...

Emili Vesilind | February 16, 2017 | Retail Details

Blue Nile has settled a shareholder lawsuit that targeted the e-tailer’s pending merger. The putative class action suit, filed in the Delaware Court of Chancery, claimed a breach of fiduciary duty for failing to disclose material information in its proxy statement. Blue Nile then filed a...

Rob Bates | February 15, 2017

Former Zale Corp. vice chairman Leo Fields died on Feb. 12, according to a local obit. He was 88. The nephew of the chain’s founder, M.B. Zale, Fields worked for Zale Corp. starting in 1942, taking time out to fight in the Korean War. He eventually attained the post of vice chairman ...

Rob Bates | February 15, 2017
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Despite the messy U.S. political climate, consumers are still consuming. And in January, we spent (slightly) more than the government expected us to. U.S. retail sales rose 0.4 percent in January—up from the forecasted 0.1 percent increase. The Commerce Department released...

Emili Vesilind | February 15, 2017
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Sears Holdings said it is looking to optimize its real estate portfolio, a phrase generally taken to mean it is weighing closing more stores. The company has already said it is planning to close 108 Kmart and 42 Sears stores. A statement from CEO Eddie Lampert said the closures, as well as...

Rob Bates | February 14, 2017

Sir John Parker, chairman of Anglo American, will step down from that post after eight years at the helm, the company announced. “Having seen Anglo American emerge in a strong position from the mining industry downturn, with its sharp falls in commodity prices between 2014 and 2016, I believe...

Rob Bates | February 14, 2017

Lapidary Artist on “Is Tiffany Changing Too Fast—Or Not Fast Enough?”: The young generations haven't been taught that the value of quality goes much deeper than just money. They also haven't developed a basic appreciation of history, even the history of the internet is remote to many of them....

Rob Bates | February 13, 2017 | Social Setting
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I'm a pretty traditional jeweler and I have to say I never saw Blue...

Five years ago, Blue Nile did have a "soul" and experienced jewelry...

Congratulations Eric!Desire' Tuinenburg-Cruz

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By the way Patrick - we post to learn from each other and share our...