This week: Rolex CEO says it will still sell mostly through authorized dealers. Consumer confidence plunges. And there aren’t many buyers for a golden toilet. All below.
Happy Thanksgiving to all who celebrate!
Swiss watch tariffs set to be reduced next month
Rolex CEO says brand remains committed to authorized retailers
Kimberley Process meeting ends with “everyone frustrated”
– Statements from World Diamond Council, KP chair (video), Civil Society Coalition, African Diamond Producers Association, and European Union
What role will AI play in the jewelry industry?
– Why AI hasn’t been working for luxury
What jewelers can learn from the “Ralph Lauren Christmas” trend
Jewelry holiday campaigns and windows center on nostalgia
Consumer confidence hits lowest point since April
– Seven parts of the economy are already in a recession
– U.S. retail sales rise less than forecast
Avi Krawitz: If Ukraine war ends, will Russian diamond sanctions ease?
BHP walks away from Anglo American takeover attempt
Ekati still waiting for federal bailout
– Burgundy asks to extend trading suspension
Public questions Diavik about mine closure
Zimbabwe miners crippled by diamond price slump
Spain to invest $868 million in Diamond Foundry chip plant
Chow Tai Fook reports weaker-than-expected profits
The New York Times says shopping on TikTok is “a lot like QVC”
New Target CEO faces “tough path,” looks to recover “fun factor”
Kohl’s names new CEO
Sean Dunn becomes president of J.R. Dunn Jewelers
Star Diamond hires new leadership team
Steven Merdinger remembered by World Diamond Council
Pearl stringer Margaret Hoisik dies
French police make more arrests in Louvre jewelry heist
Jennifer Lopez gets $10 million for Turkish jewelry ads
Jewelry brand Qeelin gives Chinese symbolism “fresh form”
How Harry Winston mailed the Hope Diamond
Sotheby’s brings heavyweight gems to Abu Dhabi
Watch owned by doomed Titanic passenger sets auction record
Company wants to create digital tokens for non-mined gold
Auctioned golden toilet doesn’t make a splash
Media Watch
– Woman on Today show gets father’s wedding band back on anniversary of his death
– Australian Financial Review on lab-grown
– The New York Times has interview with Buccellati’s CEO and articles on a watch-loving deejay, a jewelry dealer who does a lot of research, H Stern’s 80th anniversary, Hamilton & Inches’ 10-piece pearl collection, upscale fidget jewelry, jewelry made from antique coins, a pendant that plays audio, and a new watchmaking documentary airing on Discovery (by Victoria Gomelsky)
From the Blog
Kimberley Process Meeting Ends with “Everyone Frustrated”
From the Podcast
JA’s Susan Posnock Guests on 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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