This week: Secondhand Rolex prices start to fall. Why did Walmart buy a shopping mall? And Trump claims attorney general’s ring sliced his hand. All below.
Gold price hits $4,000
– Axios: Rally shows “investors’ eroding trust in U.S.”
– Analyst: “We should be nervous”
– More billionaires are bullish on bullion
– CNBC: Jewelry companies “sounding the alarm”
– Chinese consumers can’t afford gold jewelry
– In India, Titan’s sales dented by gold price
– Daniels Jewelers CEO David Sherwood not so happy
Natural Diamond Council funding plan has stalled, AWDC says
Why De Beers is promoting “Desert Diamonds”
– Coverage from Forbes (1), Forbes (2), and WWD
– Bad Bunny wears Desert Diamonds for Super Bowl announcement
Feriel Zerouki to leave De Beers after 20 years
– She doesn’t yet have any post-De Beers plans
Anglo says Botswana will play role in De Beers sales process
Botswana claims pulled diamond auction wasn’t “emergency” sale
– Country enforces 24% local ownership rule for mines
Surat polishers taking 15- to 20- day vacations this Diwali
Northwest Territories governments prepare for diamond downturn
Burgundy halts sales to shareholder over possible rule breach
– Miner reduces worker severance payments
Kimberley Process chair calls on countries to break the current leadership “deadlock”
Billiton’s Antony Dear sees more bifurcation between natural and lab-grown diamonds
Moody’s: 22 states are already in a recession
Why did Walmart buy a shopping mall?
Chow Tai Fook looks to French market
How Helene Poulit-Duquesne transformed Boucheron
Watch buyers still favor brick-and-mortar retail, study says
Secondhand Rolex prices start to fall
Audemars Piguet names new CEO of North American division
– Company returns to Watches and Wonders
– Posts record U.K. sales
Frederick Goldman appoints Bunger VP of sales
Sebastian Picardo becomes CEO of London jeweler Monica Vinader
Diamond Club West Club to merge with 24 Karat Club
The New York Times on the promise of industrial diamonds
Christie’s to auction Fabergé Winter Egg from 1913
Sotheby’s auctioning jewelry from philanthropist Anne Schlumberger and unnamed international collector
Taylor Swift’s ring designer talks to Town & Country
Vanderbilt turns family heirloom into fine jewelry line
Lawsuit alleges Priscilla Presley hid jewelry from IRS
Trump mocked when watch commercials air during shutdown
Trump still mad his hand was cut by Pam Bondi’s ring
Tiffany bejeweling Guillermo del Toro’s Frankenstein
Beth Bernstein’s “compelling” new jewelry book
Thanks for the write-up, InStore!
From the Podcast
Rolliefest, Tariffs, De Beers: The Jewelry District
Email: rbates –at – jckonline.com
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– I’ve written four diamond industry mystery novels—check them out here!
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