Diamond Shavings: Your Friday Web Roundup

Short administrative note: Next Thursday I leave for the Israel Rough Conference, where I am told, over 99% of the world’s rough diamond producers will appear. I wonder: Who is the under one percent that’s not coming? Were they not invited? Why are they missing all the fun? Anyway, if all works well with the blog tool – always a big “if” – I’ll post this round-up at the regular scheduled time (about 2:30 EST) next week.


Now the news –


Lord and Taylor may rescue Fortunoff.  And by the way, Fortunoff needs rescuing.

– In the comments, the astute Mall Jewelry Boy notes that if L and T buys Fortunoff, it will hurt Finlay.

Newsday: L and T left table weeks ago, but returned.


Friedman’s goes Chapter 11.

“Change” in trade thinking?

– GLG: Hedge funds “fail” at jewelry.


The State of the Jewelry Nation is …

Gassman on jewelry demand.

– The outlook for chains.

– De Beers: “challenging” year for US. 

– Saks: Luxury isn’t dead!  (via Smartbrief.)


Whitehall’s new funding agreement.


De Beers (retail) opens in Dallas.


Foreign retailers target New York. (mentions Japanese jeweler Nikawa.)


Has handbag craze peaked?


Survey: A “cost-conscious” Valentine’s Day.


Will gold shoot past $1000?


Much-debated Helzberg’s “That Guy ad,” to air during Superbowl.


Diamdel’s first e-auction.

Chaim: “Pandora’s box.”

– Auction closed to Americans.


De Beers South African mines reopen.

– Cost of closure: $3 million a day.


Some jeweler’s alarms won’t work soon.


“Junior” miners suffer. Commentary.


Michigan has diamond rebate fever.


Declining jewelry ads hurts newspapers.


DDC debates term limits.


Diamond Development Initiative appoints executive director.

– As a JCK staffer, I was pleased to hear that the JCK Industry Fund just gave a grant to the DDI.


Media Watch:

This LA Times article is out-of-date and pretty bad, but shows how this industry is still perceived by outsiders. It’s not pretty.  (Article also here.)

Whole Life Mag and Common Ground Mag on eco-friendly jewelry. While this is an important topic, one I just spent the last week researching, I wish reporters would talk to independent authorities on this topic (i.e. NGOs) instead of just google searching and talking to companies with a product to sell.

Seeking Alpha analysis of Tiffany.  
Wall Street Journal on investors and retail stocks. (Nothing new, but mentions Zale and Tiffany.)

Australia’s The Age on “blood”/conflict diamonds.


From the blog:

Friedman’s: A Change in Thinking?

The Diamond Dealers Club – Without Limits?

Diamdel and America.


Have a great weekend ..

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JCK News Director

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