This week: Lab-grown diamond exports fall. Diamond District lawsuit stalls planned hotel. And chatter about Meghan Markle’s earrings—and lack of ring. All below.
What recession? Summer’s economy is hot
– Economists scale back recession predictions
– Costco execs see a telling sign
But there may be a “richcession”
– Aspirational customers pull back
Nine states pass law to crack down on retail crime
Exports of lab-grown diamonds fall 28%
– Business Insider notices LGD prices are falling
– Brand offers 100% refund for lab-grown diamonds
– Lab-growns may not be as sustainable as you think
Pandora expands lab-grown diamond line, changes its name
– Pandora’s U.S. sales improve in second quarter
– Earnings call transcript
Flawed diamonds see a “complex downturn”
De Beers loosens buying rules as inventories accumulate
De Beers aids employees amid wildfires in Canada’s Northwest Territories
– Maui Divers raises $1.3 million for victims of wildfires
Russian miner Alrosa’s sales hold up despite sanctions
– Sanctions causing “upheaval” in Surat
Everledger is alive—and working with Signet
“American LVMH”? New merger combines six luxury fashion brands
Tacori appoints Roeya Vaughan as new CEO
Eira Thomas steps down as CEO of Lucara Diamond
Former De Beers chair Julian Ogilvie Thompson dies
Rogers VP of merchandising Dominick Sorresso dies
Jennifer Markas joins Jewelers Mutual
Natural Diamond Council appoints head of PR
Avi Krawitz interviews head of South African diamond startup (audio)
Diamond District real estate battle comes down to inches
Diamonds, and Jewish traditions, continue in Diamond District
“Diehards” keep tradition alive in Antwerp diamond industry
Mother and son bond over diamonds in Antwerp
New series about jewelry theft, Everybody Loves Diamonds, set for Amazon Prime Video
Rough Diamonds TV show not always accurate about money laundering
U.S. seeks forfeiture of diamonds, artwork from reputed Hezbollah-linked dealer
British Museum fires worker after gems go missing
Madagascar president’s chief of staff allegedly sought bribe from Gemfields
Brazil police raid Bolsonaro aides over sale of jewelry gifts
Retired professor charged with stealing jewelry from wealthy friends
Man held for smuggling diamonds in tea powder pouches
Zimbabwe stockpiles 300,000 carats of diamonds
People throng Indian village to hunt diamonds
Diavik Mine to be solar-powered
Watchmakers say they’re going green—but is it enough?
The “false premise” of using artificial intelligence in watch design
Watch shows have never been more important and popular
How MB&F creates groundbreaking watches
People say Jacob the Jeweler’s watch looks like a toy
Meghan Markle slammed for “misleading” people by wearing lab-grown diamonds
– Markle spotted without engagement ring, sparking divorce rumors
Billie Eilish “stuns fans” with her diamond teeth grills
Busta Rhymes gifts Scar Lip her first diamond chain
Twins who married twins now hosting wedding-themed jewelry show
Prince’s timepieces up for sale (probably)
Woman’s attempt to take off ring turns into “horror story”
Philadelphia jeweler wants to create “wearable joy”
Gemstones “spill the beans” on ancient trade routes
University of Alabama scientists creating diamonds for industrial purposes
From the Podcast
The Jewelry District, Episode 102: Barbie, Fall Fashion, Retail Rebirth, Sale of IGI, Hip-Hop
Have a great weekend!
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