This week: Walmart is putting advertising in store aisles. A nasty fight takes place in Diamond District store. And Kelly Clarkson wants diamonds thrown at her. All below.
How the recession doomers got the U.S. economy so wrong
The ultra-wealthy have never been richer and they’re spending like crazy
– Pam Danziger: Luxury customers putting purchases “on hold”
Retail rents rise in second quarter
Walmart adds advertising in store aisles
Kering-Valentino deal helps reignite luxury M&A market
Diamond prices plummet in “difficult market”
– De Beers faces “next quartz crisis” (subscription)
Botswana plans new sales channel
– Next for De Beers: a Namibia deal
Insurance companies think lab-grown diamonds are a “risk headache”
No pay disparity between lab-grown and natural diamond polishers
Angry letters show tensions between Indian bourses
555 ct. black diamond bought with misappropriated funds, says SEC
Over $10 million in jewels stolen from Paris Piaget
How a GPS-enabled Rolex led to the capture of a robbery crew
The great Rolex recession is here
– Discontinued Daytonas helping Rolex prices
– Second-hand watch prices slump to two-year low
Aurate partnering with Helzberg on collection
John Hardy appoints new president and CEO
– Reed Krakoff’s first John Hardy collection is here
IGI names new director of operations and business development
Lagos promotes Amanda Willinger to chief revenue officer
Brosway Italia hires two U.S. VPs
Macy’s supply chain officer steps down
Interview with new Smithsonian gems curator
– NPR interviews retiring curator Jeffrey Post (as does JCK)
How green is your watchmaker?
Hermès has $1 billion in watch sales in its sights
“How culture drives the Swiss watch industry” (subscription)
Tiffany lands on NRF’s list of fastest-growing retailers
Jesper Nielsen claims Pandora owes him money (translation)
Customer flabbergasted at eco-impact of jewelry packaging
Colonial diamonds overshadow Tower of London’s most interesting objects
“Beefy brawlers” get into fight in Diamond District store
New laser slicing technique for diamond semiconductors
Anti-counterfeiting tech draws on unique qualities of micro-diamonds
Drake bought Tupac’s ring for $1.01 million
– It’s Drake’s latest auction win
Kelly Clarkson says you can throw diamonds at her (but that’s it)
Which Sex and the City engagement ring was the most expensive?
From the Podcast
The Jewelry District, Episode 101: Guest Jeffrey Post
Have a great weekend!
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