Again this week, our thoughts are with the people of Japan,
and our industry colleagues there …
Crisis in Japan:
– Indian newspaper: Will Japanese problems hurt
diamond industry?
– Mining analyst: Will
impact diamond demand.
– Avi Krawitz: “Should ring warning
bells.”
– De Beers sees “minimal
impact.”
– Edahn Golan: “Believe in
Japan.”
-Impacts Tiffany’s
stock. Goldman Sachs concerned.
– Depresses gold
prices.
How luxury brands are
helping.
– WFDB sends
condolences to Japan, says no diamond people known to be hurt.
– Diamond District starts
Japan relief fund.
– Anglo American donates
$5 million.
47th
Streeters in Hot Water:
– Jeweler arrested for
bankruptcy fraud.
– “Fake robbery” manufacturers back
in jail for attempted bribery.
Gem Diamonds sees 25% increase in
diamond prices.
– Alrosa CEO sees
“bubble.”
– Gulf jewelers have
“counter-strategies” for rising
diamond prices.
– Chaim Even-Zohar: India fueling rough
increases. Interesting.
Surat workers’ wages increase.
U.S. freezes Zimbabwe diamond
money.
– “Informal talks” on
KP/Zimbabwe.
– Zim mining minster claims money dispute “put
to rest.”
Alrosa confirms
IPO plans.
Does Botswana wage disparity help South Africa?
Pandora U.S. sales rise
72%. (!!)
– Talks
again of branding, ecommerce.
Forevermark names
U.S. distributors.
Should jewelers use
Groupon?
– Facebook launches Groupon-like
service.
– Lawsuit targets Nordstrom,
Groupon.
More consumers buying with
smartphones.
Bidz sales, profit down.
Gem Diamonds’ profits up.
KP reports must be filed by
April 1.
Diamdel begins registration
process.
Jewelers Closing:
R.L.
Lackner, Brownsville, Tex.
Italians unhappy about Bulgari/LVMH
merger.
Google takes step to prevent
counterfeits in adwords.
Neil Lane designs
“Bachelor” ring.
Diamond-studded poker
chip set.
Media Watch:
– BBC story on Botswana diamond beneficiation. (Video.)
– The
New York Times on the Asian market.
– Bloomberg
News on male jewelry.
– The
Wall Street Journal on Pandora
– Crains
on Tiffany.
– The
New Yorker on the Van Cleef exhibit.
From the Blog:
– Pandora:
More Talk of Branding, Ecommerce.
–
Should Jewelers Use Groupon?
I wish everyone a nice weekend, although, again, our
thoughts are with our colleagues in Japan …
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