First, a self-promotional note: I will be moderating a panel on “Synthetic Diamonds in Today’s Market,” featuring all the major lab-grown diamond producers, as well as Cecilia Gardner of the Jewelers Vigilance Committee (to shake things up) … Catch it Wednesday, May 28, 2008, from 10:45 AM to 12:00 PM, at room Zeno 4610 … It’s part of a day of diamond seminars that will also have presentations by manufacturer Hertz Hasenfeld and JCK columnist Ben Janowksi. Should be interesting. (Seminar schedule.)
As for the show, just about everyone I spoke to is nervous about it, but personally I’m trying to stay upbeat. There is a lot of pent-up demand out there, and the economy, while not in great shape, seems a little better than it did a few months ago. Remember, there has never been a truly bad Vegas show – some okay ones, perhaps – but never one where people didn’t go home having done business. In any case, it’s probably a good thing expectations are low.
Now the news …
Zale posts 3Q loss.
– Moves please investors.
– Conference call. Upbeat about Mother’s Day.
– Will ”luck”continue?
Whitehall’s sales, profits fall.
Jewelry Television slashes jobs.
Tiffany raises profit, outlook.
– Company “dazzles.”
– “Why haven’t shares done better?”
– How it “rescued its brand.”
– Store hosts book party.
BIDZ stock climbs after LID auction.
– New phase for company?
– Problems “in the past.”
– Can Blue Nile still grow?
Gassman breaks down Harry Winston.
– Ronald Winston retires.
Chaim on GIA/Julius Klein case. Apparently there has been the go-ahead for depositions of the two parties, which are being taken today and next week …
GIA on new Apollo synthetics.
– Joint association statement.
Alrosa: Weak dollar a danger.
– Alrosa seeks deal with Fabrege.
Wyndham: Will De Beers swallow Debswana?
Publicly held jewelers lose market share.
India introduces “diamond hallmark.” Lord knows we need more.
New US rough diamond regulations.
– JVC release.
Big Rap price increase.
DDI releases Sierra Leone guidelines. (PDF)
Auction house Antiquorum sold.
Disney fine jewelry?
The Herald on conflict diamonds and gold.
From the Blog:
What Makes a Sweatshop?
Have a great Memorial Day weekend … and then it’s show time …