Well, here in the U.S. we’ve all been paying attention to the election, which will hopefully inject us all with a bit of optimism (see articles below.) But here’s the rest of what happened …
De Beers launches “value” campaign, doubles Christmas budget.
– Exec: “New language for a new era.”’
– Mark Boston: Other producers should follow its lead.
De Beers holds the line on prices.
– Chaim salutes.
– Wyndham disputes.
– GLG: Falling prices “could hurt jewelers.”
Industry “up in arms” about Rap price changes.
– Changes slammed by Belgian group.
Gassman predicts “soft” jewelry Christmas.
– An “Obama bump” at holiday?
– Election result could help “at margins.”
Anna Martin leaves ABN Amro.
Deal to acquire Jericho mine canceled.
More layoffs at Jewelry Television.
Boscov’s purchased by Boscov family.
Signet same store sales down 6.6%, 11% in U.S.
Blue Nile sales down 3%.
– Fool.com: “It’s losing luster.”
– GLG: “Growth will slow.”
– Online retailers will fall less than brick and mortar.
Michael Hill sees “opportunity” in U.S.
50,000 Indian diamond workers laid off.
– Indian minister predicts “payment crisis.”
South African press: Industry “deadlock.”
– De Beers “has no issue” with State Trader.
De Beers opens third mine this year.
Dubai diamond trade up 99%.
Alrosa profits fall.
Forevermark launches consumer web site.
Louis Vuitton launches patented cuts.
GIA, JA form partnership.
Can Michelle Obama show off her jewelry? Yes, she can.
George Michael wants diamond encrusted replica of his face. Doesn’t everyone?
– Another Canadian newspaper interviews Gabi Tolkowsky.
From the Blog:
Have a great weekend …