This week … Will a big luxury conglomerate try to make a breakfast of Tiffany’s? … Skirmishes erupt in a diamond field in Africa—and a diamond club in New York… Plus, the Hong Kong show is officially declared “not that bad.” We’ll take it!… All below:
This just in … Ralph Shapiro, long-time president of the Diamond Club West Coast, has died. Very sad to hear.
Birks & Mayors CEO stepping down.
Diamond Dealers Club president Moshe Mosbacher resigns.
– The article which caused it. [$]
– WFDB urges reorganization.
– My thoughts: Where the DDC goes from here.
New speculation about Tiffany acquisition. Just what we need, some big conglomerate potentially ruining one of the best-run companies in the industry.
Survey: 80 percent of Hispanic consumers to buy jewelry in next year.
Petra sees “record” prices in long-term.
– De Beers also sees “record” diamond demand.
Gold hits seven-week low.
Hong Kong show “dispels traders’ fears.”
– Slow, but “better than expected.”
– Edahn Golan: Scene of price battle.
India’s diamond industry “still shaken” by terrorist attacks.
Zimbabwe govt. newspaper says KP “moving goalposts.”
Diamond-related violence in Central African Republic.
– KP chair calls for “vigilance.”
Avi Krawitz: De Beers/Botswana dealer “a game-changer.”
September sight expected to be small.
– IDI president thinks it’s a good thing.
Topaz testing lab GemClear suspends operations.
California passes “conflict mineral” law.
Reality show to star Las Vegas jeweler.
Bulgari blue fetches $1.9 million.
EBay launches “virtual outlet.”
Diamond Empowerment Fund fund-raiser raises $2.2 million.
Elizabeth Taylor jewelry tour begins.
– David Beckham a buyer?
Michelle Obama “dazzles in diamonds.”
– Critics: She’s “out of touch.”
– Headline on Drudge Report.
Media Watch:
– Wall Street Daily hails Internet diamond business.
– Financial Times blog on DTC moving to Botswana.
– The New York Times on the liquidation of Ralph Esmerian’s estate.
– Smithsonian.com salutes Sidney Mobell.
From the Blog:
Where Does the DDC Go From Here?
Diamond Dealers Club President Resigns.
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