WSJ: Is luxury spending dead?
No growth in US same store sales …
– Retail sales down 1.5% in Sept.
NYT: Luxury market shifts towards Asia.
Signet’s “Love Embrace” campaign debuts in UK. Product here.
Harrod’s selling gold bars.
Cash4Gold hit with class action. More info, and legal papers, here.
Macy’s drops Everlon discounts (for now.)
Lazare Kaplan submits NYSE compliance plan.
– Lazare’s trading halt “can’t be good.”
Damas (Dubai retailer) CEO resigns for unauthorized transactions.
– Company hires auditor.
– Talking with financial authorities.
Mark Boston the “Indian bubble” and gold and diamond prices.
Surat shuts down for Diwali.
Times of India: Diamonds “replacing gold.”
Zimbabwe consults with neighbors about Kimberley compliance.
– Relations with Zimbabwe miner called “unwise.”
Obama certifies Kimberley Process waiver.
Partnership Africa Canada releases annual review. Read it here. (PDF)
Xstrata drops Anglo-American bid.
Diamond aggragation moves to Botswana.
– De Beers “at loggerheads” with Botswana union.
– Louis Nchindo loses court battle.
Sudbury wants to be Canada’s “diamond capital.”
“Fresh hopes” of Leviev deal.
Henry Dunay case update.
Alissa Goren joins Rapaport. Congrats to her.
Dubai names new board of directors.
Consensus Advisors opens New York office.
Another resignation at Finlay.
Jewelers Closing:
Pittman Jewelers in Clayton, NC.
Chaim disputes new diamond “study.” Sample of said book here.
Museum of Natural History has diamond exhibit.
Diddy drops a diamond.
Penelope Cruz shows off hers.
Media Watch:
– Forbes India on Gitjanjali.
– AFP: Poverty tarnishes sparkle of Botswana diamonds.
– Nicky Oppenheimer interview on CNN “GPS.” (Video)
– Varda Shine interviewed by “European Business Review.”
– MJSA interviewed by Attleboro newspaper.
– Ivanka Trump in Huffington Post on choosing a diamond partner.
– Ynet in Israel talks to head of new “Gem Tower.”
From the Blog:
– Gold Rush Taken to the Next Level.
– Update: Everlon No Longer Discounted at Macy’s.
Have a great weekend …
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