This week: The long-awaited recession may not actually come. India flags issues with pearl imports. And Pandora introduces charms for pets. All below.
Signet to acquire Blue Nile for $360 million
– Gina Drosos discusses her plans
– Not all investors happy
– Avi Krawitz: Too much consolidation?
Signet’s lowered guidance shows “challenging environment”
– Stock falls
U.S. jewelry and watch sales growth hits two-year low
– Sherry Smith: Jewelry sales still show “momentum”
J.P. Morgan says recession fears “fading fast”
– Americans piling up credit card debt
Brilliant Earth sees strong second quarter
– Earnings call transcript
State Bank of India to finance lab-grown diamond companies
Indian lab-grown companies hope to grow domestic market
Interview with lab-grown company Plasmability
Diamond exploration hits a new low—even as rough prices soar
GCAL 8X cut grade now covers fancy shapes
GIA opening new lab in Dubai
Rapaport podcast on GIA going digital (audio)
Antwerp using blockchain to support artisanal diamond mining in Congo
India sees tax-evasion risk in pearl round-tripping
Sears Holdings reaches $175 million settlement with former owner Lampert
Richemont doesn’t want former Bulgari CEO Trapani on board
– Richemont, Farfetch close to deal on YOOX Net-a-Porter
J.C. Penney appoints new chief financial officer
Martin Katz moves to penthouse
Tiffany unveils all-gender jewelry collection
The $260 Swatch-Omega MoonSwatch is reviving the budget brand
How Rolex became the golf world’s go-to watch brand
Parisian jewelry house introduces first mechanical watch
Pandora announces charms for pets
Facebook to shut down live shopping feature
Shopify sent workers on lavish trips before layoffs (Subscription required)
Cincinnati border protection seizes $6.88 million worth of counterfeit jewelry
Jeweler exposes cheating husband with subtle secret message
Sotheby’s auction to spotlight jewelry by famous artists
Elvis’ lost jewelry collection will go on the block
Frank Ocean selling—well, click and see
From the Blog
Blue Nile Surrenders to Signet
Interview With Gina Drosos About Signet’s Blue Nile Acquisition
From the Podcast
Have a nice weekend!
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