Diamond Shavings: Your Friday Web Roundup

 

It is still tough days. From everything I have heard, business has not picked up at all, and there is no reason to think it will pick up in the next couple of months. Still, a lot of the bankruptcies people have talked about have not materialized (yet.) And we all hope that there is a new spirit of optimism in the air with the new President.  Certainly, the mood at the JA Show was not nearly as bad as I thought it would be. (Not that it was chipper.)

 

And here’s the news …

 

Fortunoff “up for sale.”

– Good news for Finlay?

 

Sterling cuts 114 jobs.

 

CNN: Retail jobs shrinking.

– Report: High end retailers in Penn prosper.

 

Zale CFO resigns.

– Company’s stock hits low.

 

DTC rethinks Supplier of Choice.

– January DTC sight: Under $100 million.  

– WFDB “welcomes” more outside sales.

– DTC speeches: Gareth Penny, Varda Shine, Nicky Oppenheimer.

 

Alrosa-De Beers contract “in limbo.”

 

David Lamb leaves De Beers.

 

Mineweb: Diamond industry looks “scary.”

 

Bank of America sues Christian Bernard.

– Chain reopens for clearance sales.

 

Paragon Lake hires Lazare Kaplan vet.

– A Jaffe names new VP.

 

Blue Nile stock to plunge?

– Analyst cuts price target.

 

Boscov bailout hits snag.

 

Indian industry counts on domestic market.

– Surat diamond “exodus.”

 

Israeli trader shut by bank.

 

Japanese jeweler files for bankruptcy.

 

EU wants Zimbawbe diamonds “investigated.”

– Zimbabwe stones mined by soldiers.

– Mugabe’s wife beats photographer with rings.

 

Tiffany stops cutting in Yellowknife.

 

De Beers clashes with South African union.

– Element Six labor dispute.

 

De Beers brainstorms Namibian job cuts.

– Namibian mineworkers want government bailout.

 

Cullinan may produce 27% more stones.

 

Ex-President Bush alters JADE act.

 

LLD tops Israeli exporter list.

– Apthorp owners compromise.

 

Tacori prevails in copyright lawsuits.

 

New Jersey jewel theft suspects arrested.

 

New First Lady wears “diamond studded jewelry.”

– Earrings from Loree Rodkin.

– First Couple “jewelry observations.”

 

Yet another attempt to market men’s engagement rings. Well, it is fairer. (Not to mention more lucrative.)

– Zale promotes men’s Valentine gifts.

 

Academy Award diamond preview.

 

Foxx Like a Crazy: Jamie won’t wear diamonds.

 

Plumber rescues huge ring from toilet. (And no, it wasn’t Joe.)

 

Media Watch:

The Dallas Morning News on Zale. Watch out for the “watch list.”

The Cape News on Namibia’s diamond controls.

FT’s Alphaville snarky about De Beers speeches.

 

From the Blog:

Finlay Gets Some Good News, Some Bad.
David Lamb Leaves De Beers.

 

Have a great weekend …

JCK News Director