This week: Big watch retailers want to buy stores, but no one’s selling. Amazon cuts dozens of private-label brands. And a marriage proposal involves a fake arrest. All below.
IGI’s longtime CEO Roland Lorie steps down
Brilliant Earth’s sales rise, but profits fall
– Earnings call transcript
– Brilliant Earth investors have lost 40% over last year
Edahn Golan: Jewelry sales down in July, lab-growns approach 50% mark
– Steven Singer gives away 100 lab-grown diamonds
Tapestry-Capri merger to create fourth largest luxury conglomerate
– Merger involves substantial debt
– Why LVMH isn’t worried
Report: LVMH looking to buy Bergdorf Goodman (subscription)
Saks delays payments to brands (subscription)
Neiman Marcus exec changes points to greater customer focus
– Neiman restructures corporate office (subscription)
Watches of Switzerland, Bucherer can’t find stores to take over
Shopify, eBay, Etsy using artificial intelligence
Survey suggests TikTok is prime watch influencer
YouTube personality Jaclyn Hill closes jewelry line
Digital interactions now regular part of a jewelry sale
Amazon cuts dozens of private-label brands
PC Jeweller: From shining star to insolvency?
The RealReal’s reset aims for smaller, more profitable business
James Avery claims Luca + Danni copied design
Jeweler pleads guilty to not reporting high-dollar cash transactions
Report: OFAC holding $26 million in diamonds over Russia sanctions
(Some have disputed this report, and I hope to bring you more on it next week.)
Indian diamond traders explore non-U.S. markets
– Surat diamond exports fall amid sluggish global demand
Lucara finds 1,080-carat diamond at Botswana mine
– Lucara sales drop
Lab-grown diamond market grows in Korea
Adamas One buys lab-grown manufacturer, hires new VP
Sotheby’s taps Geoffrey Hess to head Americas watch department
Interview with Ronald Winston about his father, Harry
Kim International founder dies
Rio Tinto building Canada’s largest solar plant to power Diavik mine
Can recycled gold be an ethical gold source?
“Greenwashing” replaced by “greenhushing” (subscription)
Report: Diamond dealer Louis Liebenberg bankrolled Zuma’s legal quests (subscription)
The New York Times‘ “brief history of bling”
A look at the “all-diamond” ring
Frederique Constant’s stealthy success
Van Cleef & Arpels goes on grand tour
Pandora taps actress Ashley Park as global ambassador
Rihanna wears a watch choker
Madonna dresses up in corsets and diamonds
Bachelor in Paradise vet gets a lab-grown 4 ct. oval
Nine watch brands tech millionaires love
Which timepieces are worn in Barbie and Oppenheimer?
Jeweler accuses singer YK Osiris of stealing $20,000 Audemars Piguet
Bride tells mother-in-law her ring is “cursed”
Man fakes his arrest in marriage proposal
Miss Manners on political considerations when buying an engagement ring
From the Blog
Interview With Ronald Winston, on His Father Harry
From the Podcast
The Jewelry District, Episode 101: Guest Jeffrey Post
Have a great weekend!
– Email: rbates – at – jckonline.com.
– Twitter: @robbatesjck
– Connect on LinkedIn
(Photo: Getty Images)
Follow JCK on Instagram: @jckmagazine
Follow JCK on Twitter: @jckmagazine
Follow JCK on Facebook: @jckmagazine
