Diamond Shavings: Your Friday Web Roundup

Fortunoff goes chapter 11.

Talks with liqudiators.

Top trade creditors.
– Name “still has cachet.”

My thoughts.

 

Did Colibri shutdown violate law?

– Politicians get involved.

– Assets for sale.

 

Signet US sales down nearly 14%.

 

Finlay 4Q sales down 20%.

 

Survey: What shoppers consider expendable.

– Luxury stores move from Madison Ave.

 

Joseph Schlussel dies.

 

Antwerp Diamond Bank CEO retires.

 

Kenny G on Lazare Kaplan and polished diamond prices.

 

Charles and Covard restructures management.

 

Macy’s cuts 4% of workforce.
– Cuts called “counterproductive.”

 

Sotheby’s sells top diamonds.

 

NYT: Independents cut health care costs.

– NRF’s release on health reform.

 
Mark Boston on “history’s lessons.”

South African industry expects more closures.

– Diamond stocks plunge.

 
De Beers 1994 exports questioned.

 

Alrosa sees “diamond resurgence.”

– Company looks for diamond investors.

– Chaim on Alrosa’s “bailout.”

 

Botswana: Diamond sales dropped 17%.

– Editorial: Don’t let Debswana fail.

– Country’s “rare” budget deficit.

– Mine “workers in limbo.”

 

Diamond “fingerprinting” project launched.

 

DiamondEx suspended from trading.

– Chaim’s commentary.

 

Zimbabwe diamonds: “A colonial mentality.”

 

Gemfind relaunches website.

 

Jewelers gives unemployed free necklaces. Very clever.

 

CZ seller “Diamond Nexus Lab” designs Miss Universe crown, calls themselves “fastest growing online jewelry company in the country.” Yikes

 

Media Watch:

CFO magazine interviews Blue Nile CFO.

Conde Nast Porfolio: “Tough times” for luxury watches.
Houston Chronicle on diamonds as an investment.

Boca Raton magazine talks to David Rosenberg.

AP: “Popping the question” on the cheap.

New York Observer: Baubles are back! Well, that was fast.

– But Reuters says “flash is out.” Oh well.

 

From the Blog:

The New Spotlight on Cash4Gold.

Reversal of Fortunoff.

Joseph Schlussel Dies.

 

From JCK

My article on Bidz.

 

Have a great weekend …

JCK News Director