Diamond Shavings: Your (Again Early) Web Roundup

It’s the end of the year, and many of us are looking uneasily to 2009 (my thoughts on that here.) So this week, for the first time, I’ve instituted a “good news round-up,” so people know it’s not all bad out there. Anyway, I want to thank you all for reading, and wish you all the best in the upcoming year …


And here’s the news …


Christian Bernard Jewelers goes Chapter 7.

My thoughts. 
– Conn. Attorney General: People calling “in droves.”


2008: The Year Without a Santa Claus

– Jewelry sales fall more than other luxuries.  And luxury goods fall more than other categories.
– Shopping centers: Worst holiday since 1970.

– National Jeweler: 80 percent said sales dropped.
– Online spending down 3%.

– Retail forecasts from Bloomberg and the Wall Street Journal.


Good News Roundup:

– Day after Christmas:  “Second Black Friday.”

– National Jeweler: Last minute sales boost.

– Retail (including jewelry) strong in Arkansas.

– Amazon has record year. I know not everyone considers that good news …

– Online jeweler evesaddiction.com sees sales rise.

– Employee at (liquidating) Whitehall: Sales “great.”
– Chinese consumers still shopping.


India ends rough import moratorium.
– New cooperative model?

– Diamond workers nervously watch U.S.

– Indian minister warns “diamond barons.”

– Opposition: Industry “neglected.”

– Nine industry suicides in 15 days. CNN video.

– Gitanjali chief: Turnaround coming next year.


Tiffany cuts back seasonal help.


Report: Kohl discounts marked up jewelry.


Ken Gassman on jewelers’ margins and third quarter sales.


World Jewelry Center delayed.

Tiffany issues new notes.


Two Israeli dealers arrested.


Report: “Tensions” at Diamonds International.

Rio Tinto seeks lease for Indian diamond deposit.

Alrosa receives government aid.

– Sales down 1%.


Saudi investors raise stake in Petra Diamonds.

Chaim on lessons from the Depression.

Miami bourse head fights rumors.

Steinmetz rating claim rejected.


Jewelers Closing: Wise of Mount Vernon, Ohio.

New Jewelry Lines: PSV and, um, Page Three Diamonds.


Illinois jeweler literally sells Senate seats (as charms.)  Awesome.

I thought I’d seen every diamond-encrusted object under the sun, but someone has discovered a new one. Since this is a family site, you will have to click this link to find out what it is. (Warning: Adult content.) What a story to end the year on. Sweet dreams, Eurythmics!


Media Watch:

Baltimore newspaper talks to local jewelers.

– Canada’s Star Phoenix on “cultured diamonds.”

Jim Carrey makes stupid “De Beers” joke. (It’s also crude, so be warned. But mostly stupid.)


From the Blog:

First Post-Christmas Victim: Christian Bernard Jewelers.

Phony Discounting Lives!

My Wishes for the Year Ahead (Or: Here’s to Less?)


Have a great weekend and again, a happy, healthy and more upbeat new year… See you in 2009!

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JCK News Director

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