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This LA Times article is out-of-date and pretty bad, but shows how this industry is still perceived by outsiders.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 ..

JCK News Director