Just a short note that I will be going on vacation next week, and won’t resurface until the Rapaport Diamond Conference on Sept. 8 … so no blog posts, and no round-up next Friday … Please try to survive.
(NOTE: As Mall Jewelry Boy notes, if you want to comment, you have to type the verification letters in all caps. I have no idea why, but that’s how it’s going for now.)
And now the news …
Zale: Sales up, profits down.
– Stock soars.
– Reuters interviews CEO.
– Earnings call transcript.
Tiffany: Sales, profits up.
– Upbeat about holiday.
Finlay: Sales up, profit down.
Michael Hill CEO interview.
– Could it steal marketshare?
– Gitanjail update.
– I should note, not that there was much doubt about this, the judge has approved the sales of the 17 Whitehall stores to Michael Hill.
Bankruptcy Watch:
– Fortunoff reaches agreement with lenders.
– Boscov’s execs could get survival bonuses.
– Bankrupt jeweler LeNature’s assets distributed.
Jacob the Jeweler collecting unpaid bills.
BHP/Rio merger talk “isn’t going away.”
– Australian competition authorities wary.
Chaim on De Beers name changes.
– Sight report: Clients “moody.”
De Beers opens “technology treasure chest.”
Declining rupee could help Indian trade.
South African permit requirements threaten industry.
– Botswana to auction rough.
Nicky Oppenheimer co-authors African aid article.
Diamond discovery roils Zimbabwe town.
Canada wants diamond bourse.
Diamonds worn at U.S. open and by Michelle Obama and Jill Biden.
– Oprah in diamond-studded “Obama” glasses.
Media Watch:
Broward Palm Beach New Times on jewel thief gangs.
The New York Post’s Page Six magazine on Ivanka Trump.
Business Week on the “Amazonification” of ebay.
Botswana newspaper: Diamonds “come home.”
CS Monitor: From blood diamonds to blood cows. Ed Zwick, call your agent!
From the Blog:
Interview with Michael Hill CEO
Will “Pebble Mine” Rock the Industry?
Have a great holiday weekend everyone …I’m gonna into industry detox (for a week, at least) ….
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