This week: Saks reportedly owes money to vendors. Does diamond grading need a rethink? And J.D. Vance attacks Kamala Harris’ necklace. All below.

 

Gold futures cross $2,500 mark for first time ever

 

June U.S. watch, jewelry sales saw biggest gains in two years

 

Greenland Ruby files for restructuring, is up for sale

 

De Beers calls off August sight as market woes continue

– De Beers, India’s gem and jewelry group to promote natural diamonds

 

Rapaport says diamond prices fell in July

 

“All is not well” in Surat diamond industry

– Staff of Kiran Gems goes on 10-day leave

– Workers face uncertainty

– Indian manufacturers cut production by roughly 50%

 

Swiss watch companies look to reduce worker hours

 

Brilliant Earth sales fell in second quarter

– William Blair downgrades it

 

Tanishq: Indian consumers don’t like lab-grown diamonds

– Parent company’s earnings call transcript

– How Tanishq “exposed” tarnished jewelers

 

Indian jewelry brand Kushal’s wants to go global

 

Fireside Ventures invests in Indian lab-grown jewelry brand Aukera

 

Saks Fifth Avenue reportedly owes money to dozens of vendors

– Saks finances show conflicting picture

 

Israeli companies claim Diamond Foundry owes them $5 million

 

United Arab Emirates suspends 32 gold refineries

 

Keepsake jewelry-maker accused of misusing fingerprints of the dead

 

British police impounds thousands of counterfeit watches in Leeds

 

Dune Jewelry names former Bremont VP as CEO

 

Wolf appoints one sales manager  and another

 

David Patison, co-founder of Londa Manufacturing, dies at 81

 

Garry Holloway writes book filled with diamond Insider Secrets

–  Calls for “rethink” of diamond grading

 

Argyle pinks go up for sale in Australia

 

Black-owned jewelry brand teaches kids how to run diamond business

 

Can a necklace be your friend?

– What exactly does this product offer?

– “Beyond parody”

-“Tamagotchi with a soul”

– “Worst parts of Fight Club and Beautiful Mind put together”

– Product intro sparks fight among founders

– Purported originator releases dis track

 

Antoine Arnault on LVMH’s Olympics partnership

 

Inside the Spanish village Elsa Peretti called home

 

In New York Times, Victoria Gomelsky interviews John Mayer about his watch collection

 

Gabby Thomas wins Olympic medal wearing sparkling diamond watch

 

Nancy Pelosi adds statement jewelry to blue power suit for TV appearance

 

J.D. Vance attacks Kamala Harris’ necklace choices

 

Pentagon may set up base in Botswana

 

Breitling CEO invests in skin care brand

 

Indian influencer Avneet Kaur slammed for breach of contract

 

Suspended lawyer’s fall continues with jewelry bust

 

Struggling veteran forced to sell jewelry—until story goes viral

 

Father and son find 2 ct. diamond at Arkansas state park

 

Sapphires form in volcanoes, not in Earth’s mantle

 

Media Watch

The Wall Street Journal says colored stones are getting more popular because of lab-grown diamonds. (Of course, there are also lab-grown colored stones.)

 

From the Podcast   

The Jewelry District, Episode 127: Guest Constance Polamalu

 

 

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Have a great weekend.

 

 (Photo: Getty Images)  

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