This week: Is the luxury boom over? Report says MI5 had concerns about founder of Rolex. And a woman mines her own diamond. All below.
A week after crossing $4,000, gold hits $4,200
– Now it’s at $4,300
– Jamie Dimon: It may get to $5,000—or $10,000
– WSJ: Manhattan’s Diamond District sees a gold rush (subscription)
– Gold fever hits Japan
– Why the gold rush is “ominous” (gift link) and a warning sign
Shoppers cutting back big-time this holiday season (except the rich)
Smaller retailers face toughest holiday in years
– Small businesses say they’re being crushed by tariffs
Long luxury boom may be over, according to analysts
Rich consumers forsake goods for experiences
Lab-grown wholesale prices fall 9% from previous quarter
Charles & Colvard turns focus to lab-grown diamonds
How lab-growns are being affected by trade war with China
Natural Diamond Council says marketing campaign is “ready to roll”
– De Beers exec calls for industry to support Luanda Accord
Martyn Marriott urges African diamond producers to work together
Okavango sets first contract diamond sales for November
Namibia central bank chief asks for diamond royalty extension
Where does the Swiss watch industry go from here?
Why hasn’t Rolex increased prices in response to tariffs?
– Secondhand Rolex “price crash” may have been caused by data failure
– Watch giant reorganizes in Germany
Australia’s Jewellery Industry Network linked to three collapsed companies
Here’s how jewelers are using AI right now
Walmart now a “case study in how to treat workers” (subscription)
– LVMH posts first quarterly sales gain of year
– News sends company’s stock surging
– On same day, Swatch shares jump 11%
– LVMH finds soaring gold prices a headache
Christie’s promotes two in jewelry department
TechForm taps business development director
Pristine Gems appoints director of European sales
Namdia fires CEO after disciplinary hearing
Illegal miners kill police officers at Gemfields ruby mine
Jeweler Sylvio Perlstein dies
Kendra Scott releases boot collection
Why celebrities like to be spotted wearing watches
Elle Fanning wears over $40,000 worth of Cartier diamonds
Australian media personality Abbie Chatfield denies stealing diamond necklace
MAGA consumers upset about Trump watches
Was the founder of Rolex a Nazi spy?
Sotheby’s selling the Glowing Rose, ultrarare pink diamond
Florida jeweler taunts sheriff on TikTok
Fordham grad mines her own engagement diamond
Media Watch
– Spectrum News profiles jeweler Leon Haytayan
– The Free Press on lab-grown diamonds (subscription)
From the Blog
Why Celebrities Like to Be Spotted Wearing Watches
From the Podcast
Rolliefest, Tariffs, De Beers: The Jewelry District
Email: rbates –at – jckonline.com
– Connect on LinkedIn, X, and Instagram
– I’ve written four diamond industry mystery novels—check them out here!
(Photo: Getty Images)
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