Summer is traditionally a slow time for the industry, but we are seeing some stirrings out there. The pick up is slow, but it’s noticeable. And after so many months having to fill these with nothing but bad news, a lot of the articles this week are about the prospect of recovery. Good to see. And here’s the news ..
Finlay launches “formal” asset sales process.
– Still not looking good …
– Zell’s “gets lease on life.”
DTC sight estimated at $425 million.
– Alrosa seeking buyers.
Debswana cancels plan for “outside” sales.
– Previously: Industry had “welcomed” it.
De Beers close to loan waiver.
“Solid trading” at Hong Kong show.
Diamond market: Improving, but “fragile.”
– De Beers: “Early signs of recovery.”
– Financial Times talks to Stephen Lussier about “return of confidence.”
Krugman: Recession over by September. (But weakness will persist.)
Alison Gem creditors receive 40% of claims.
Michael Hall launches perfume line.
NGOs: Kimberley Process “failing.”
– Chaim: Don’t include human rights.
Update on Responsible Jewellery Council.
The problem with generic marketing.
Jewelers of America refashions relationship with affilates.
Sierra Leone mining bill reviewed.
Hedge fund can’t buy Archangel.
Fortunoff IP auction delayed.
– Company assumes pension plan.
Paragon Lake promotes David Hill.
Michigan jeweler pleads guilty to money laundering.
Holocaust survivor’s jewelry donated to memorial.
Imelda Marcos can’t get jewelry back.
Lindsay Lohan gems are missing.
– Mom defends!
“Virgin Mary” found on piece of quartz. Just when you thought you’ve seen every jewelry-related story there was …
From the Blog:
The Responsible Jewellery Council.
Things (Still) Not Looking Good For Finlay
The Problem With Generic Marketing.
Media Watch:
Forbes on buying an engagement ring. Disses African diamonds …
Have a great weekend …
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