Diamond Shavings: Your Friday Web Roundup

Hey all … If I had to describe the industry picture these days, I’d say “we are out of the crisis, but still in the recession.” I think we can all agree that this recession has gone on far too long, and we’re all eager to see the back of it.

On a related note, the main word I’ve heard to describe the recent InStore show is “upbeat.” I can’t tell you how many people have described it that way. This follows the AGS conclave, which I also heard described as “upbeat.” So there have been good moods at two industry events in a row … Wow! What industry are we talking about, anyway? Very nice to see, and let’s keep it up.

 

And now the news …

 

Jewelry demand stabilizes.

–  “Signs of recovery” in luxury market.

 

Rappers tone down the bling.

 

Carlyle shuts Greensboro office.

– Finlay staying in New York.

– Finlay execs retire.

 

Robbins Brothers update.

 

Shop NBC jewelry sales drop 32%.

 

“Cash4gold” bill passes Florida Senate.

My thoughts (and the JVC’s).

 

Blue Nile gets downgraded.

– Stock gains.

“Company’s problems no secret.”

 

Signet upgraded.

– “Significant appreciation” in stock.

 

Modern Jeweler: Closeouts on the high end.

 

India sees “renewed demand.”
– Chaim on Indian diamond banks.

 

Schwartzchild Jewelers president steps down.

 

Seeking Alpha: Zale “likely to survive.”.

 

BRC DiamondCore may liquidate.

 

De Beers gets new money laundering software.

 

Motley Fool UK on Petra Diamonds.

 

The Kimberley Process and Zimbabwe.

– More on “conflict minerals.”

– Robert Fowler freed. Formerly very active against “conflict diamonds.”

 

Indian diamond brokers killed

– Murder “well-planned.”

 

Jewelers Opening:

B and A Jewelers’ second store.

 

Charlotte Preston, Kenny G team up.

 

Finally, two attempts to link Susan Boyle and jewelry: Here and here. Hats off to people who know a good news hook when they see one ..

 

Media Watch:

Crains New York on the New York diamond district. Some guy says things are tough.
Financial Times on the industry’s problems in India.

New York magazine blog touts a jewelry sale.

The Toronto Star on Tiffany in Canada.
“Everyday Cheapskate” thinks the industry still buys back diamonds to keep prices up.

From the Blog:

What is a Conflict Diamond?

Finlay is Closing …What Exactly?

Robbins Brothers Update.
Should Internet Gold Sellers Follow Same Rules as Brick and Mortar Jewelers?

 

Have a great weekend …

 

 

 

Follow me!

– Cutting Remarks RSS Feed.

– Twitter feed (w/blog and news updates): robbatesjck

– Connect on linkedin

– Email for tips, comments, etc.: rbates – at – reedbusiness.com.

JCK News Director