A happy and healthy Hanukkah to all who celebrate!
This week: How diamond price info can be misleading. Dubai’s deal with Israel may have backfired. And how Amazon is squeezing its sellers. All below.
Jewelry sales rose 78% (!) over holiday weekend, says SpendingPulse.
– Edahn Golan sees jewelry sales increase 40% for holiday.
– 70% of jewelers reported sales gains in October.
– 10% of consumers buying more jewelry, watches.
– Jewelers plan employee incentives.
Black Friday weekend sales show consumer confidence.
– Or maybe they don’t.
– Cyber Monday sales fall short of forecasts.
– Days of lining up for Black Friday deals may be over.
– President Biden discusses holiday season with retail execs (video).
Small looking big! Shoppers say they’ll support local business this holiday
Survey: Engaged couples want personalized experiences.
Signet sees strong third quarter, as it moves toward “accessible luxury.”
– Shares fall, as analysts worry about sustaining momentum.
– The Street writer has thoughts.
– Earnings call transcript.
Malls turn to luxury retailers.
How the pandemic has widened inequalities in Swiss watchmaking.
Prada expects to join new Net-a-Porter.
Pandora staying away from Amazon and Farfetch, CEO says.
– Pandora exec sees fewer browsers, more buyers.
Amazon is “squeezing” marketplace sellers.
Where Rent the Runway went wrong.
What is Macy’s thinking?
Sotheby’s predicts its luxury sales will top $1 billion for first time.
– At next auction, everything is riding on this Tiffany necklace.
Bulgari invests in “strategic” U.S. market.
Rough diamond prices rise on supply concerns.
How diamond price averages can be deceiving.
Alrosa shifting to tailored rough contracts.
– Lists new Alrosa Alliance members.
Peace accord with Israeli backfiring on Dubai.
Diamond agreement brings Qatar, Israel closer together.
Ekati’s future may be underwater.
– Lays out proposed environmental plan.
– Desoline Corp. says it’s owed money from Ekati.
Diavik charged with having unsafe working environment.
Endiama to boost production ahead of IPO.
Botswana hopes to replace diamonds—with coal.
United States abandons proposed tariffs on Indian goods.
The International Grown Diamond Association is sprouting again.
Paul Zimnisky talks to people at Source Certain (audio).
State Department statement on conclusion of KP plenary.
Gold miners must justify environmental impacts, veteran investor says.
DMCC head takes potshots at Switzerland over decisions on UAE gold.
Big flotilla of illegal gold miners splits up in Brazil.
Author discusses issues in the gold trade (audio).
Ethical Metalsmiths rounds up the best gold books.
Gina D’Amato named executive director of the Alliance for Responsible Mining.
Guild Consulting hires Heather Favali.
Matthew Tratner leaves GIA.
Walmart CFO to leave after 22 years.
Gary Roskin wins Bonanno Award.
Karl Lagersfeld puts out new jewelry collection.
De Beers Jewellers opens new London flagship.
– Rapaport talks to Neil Ventura about De Beers’ innovation strategy (audio).
Indian jewelry brand criticized for “unhappy models” in ad.
Swarovski turns London’s social club into big gingerbread house.
Guess which jeweler brings the heat in House of Gucci?
Some of Elizabeth Taylor’s favorite jewels.
A “new form of diamond” has been created.
Some people are apparently obsessed with jewelry that looks like hardware.
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Have a safe and healthy weekend.
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