I should mention that I will be visiting synth- – I mean lab-grown – diamond manufacturer Gemesis next week. If you have any questions for them, post them below or send them to: rbates at reedbusiness.com. I am going to try to blog from over there as well.
And now the news …
Zale full year: Profits up, sales down. Good analysis. I heard the webcast – apparently “Journey” is hoped to be a big seller at Christmas, where comp sales are projected to rise 1 – 2%. Sales at Bailey’s, zales.com and outlet all up. CEO unenthusiastic about any merger with Sterling. (UPDATE: Thoughts from Motley Fool.)
Finlay 2nd quarter: Comp sales down, loss posted.
Chaim on India’s import duty.
Good coverage from Israel of Moshe Schnitzer memorial service.
Lab-grown manufacturer Gemesis to expand.
Miningmx: Diamond juniors on the rise.
Media Watch: Bloomberg/Herald Tribune: Diamond business “looks good.”
In Australia, consumers don’t trust their jewelers.
De Beers retail chain to open in Russia.
Manhattan Gold and Silver sues Brooklyn DA.
Rick Cohen (formerly of Fabrikant) joins Robbins Brothers.
My space launches fashion community.
Damien Hirst skull sold.
De Beers (the retailer) to open in Moscow.
Diamonds may have use in artificial joints.
Condoleeza Rice not so diplomatic in jewelry stores.
From the blog:
Have a great Labor Day weekend everyone …