First, some trade press news: Long-time Modern Jeweler writer David Federman is leaving to become the editor of Colored Stone. Best of luck to the Dean!
And now the news …
– De Beers Restructuring, Part 11: Marketing and mining functions split. I am still trying to get info on this, particularly what it will mean for U.S. marketing; for now, spokeswoman Lynette Gould says it will be “business as usual.” Apparently, there is a big meeting over the current week to plan strategy.
– De Beers and Alrosa: Reunited? Will it feel so good?
– Surat diamond industry losing employees.
– Foreign companies have trouble entering South African jewelry business.
–Newsweek (International) on fancy colored diamonds.
– Woman’s Wear Daily on synthetic/lab-grown. (Subscription required; email me if you want a copy.)
– Liz Smith: Diamond business “healthy” despite movie. (Second item.) Also, something on Charlie Sheen’s diamond.
– The South African press on Rapaport and Fair Trade jewelry.
– John Hardy sells brand.
– Stock picker likes moissanite: “My social activist friends were constantly criticizing me for wearing diamonds.” She likes the fact that moissanite’s manufacturer has a “monopolistic position.” Isn’t that what people criticize De Beers for?
– Botswana goes Hollywood!
From the Blog:
Enjoy your weekend …