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 …

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JCK News Director

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