Diamond Shavings: Your Friday Web Roundup

A few hours after I post this, I will be boarding a plane to Mumbai to take part in the “Indo-US Jewelry Business Development Conference.” I will try to blog (and post this round-up) next week from India, but international travel can be very busy and dicey. Anyway, I hope to see some of my Indian readers there.

And now the news …

Hong Kong show reports

Bailey, Banks & Biddle sold to Finlays. Commentary. Other Zale news and thoughts. (By the way, a Zale spokesperson just told me that a Piercing Pagoda sale is “less likely,” noting it aims for the same customer as Zale’s does.)

Idex/Gassman on price inflation in jewelry.

Will new JBT system end “memo fraud”?

Gold prices give Indians “heartache.” Also, a good summary of the current state of the market. It’s pretty bad. 

Media Watch: 
San Francisco Chronicle on diamond digging in Venezuela.
Moneyweek has a good summary of the arguments against diamond futures.
The press in Namibia on Schachter and Namdar’s new $1 million factory there. 

Investors bullish on alluvial mines.

Chaim on whether the EU will require diamond labeling.

Overseas Diamonds issues bond. Alrosa may postpone IPO 

New presidents for BHP diamond division and Diavik.

De Beers clarifies blimp crash.

Dion Kenyon, Fred Levinger join GIA Board of Governors.

Yawn. The alleged “world’s largest diamond” still an alleged diamond. More here.

Bill Clinton rockin’ the Russell Simmons bracelet.

Bostwana best governed state on mainland Africa.

From the blog:
Update on Zale: Will it merge with Sterling?

And now I’m getting ready to be leaving on a jet plane. Have a good weekend …

JCK News Director