Diamond Shavings: Your Friday Web Roundup

Cutting Remarks now has company in the trade press diamond blogosphere. Check out The Sorting Table, by Vinod Kuriyan, part of Solitaire… Looks good so far.

And now the news …

– De Beers to open store in San Francisco.

De Beers speculation runs wild:
  –Is the game fixed?
  –Why did it change its policy about not having interests in competitive mines?
  –Are they becoming a giant Diamdel? (Persuasive post.)

– April retail sales “wretched.”

Zale’s sales, profits fall.Same store sales down 3.4%.

Better news on the Internet:
- Blue Nile sales up 34% (!), profits 38%
– Amazon’s jewelry sales also up (but no numbers given).
– Blue Nile conference call transcript. Notes that sales of high ticket stones are growing.
Motley Fool says Blue Nile is “doing things right.”
– Article on Blue Nile in Britain

– Idex research on specialty jewelers: Starts here, continues here. PLUS: small retailers can compete with the big boys.(Via Smartbrief.)

Media Watch:
Profile of Leviev in New York magazine. (My thoughts.)
– The Times of India: India could become world’s jewelry center.
– Gulf News: No, Dubai could become world’s jewelry center.

Rumors of BHP and Rio merger. They don’t seem like very well-sourced rumors, and Rio says “it is not aware of any takeover attempt,” but just noting them … (They may have been caused by the two chief execs dining together.) Why this would have been important for the diamond industry: BHP owns the Ekati diamond mine in Canada. Rio Tinto Diamonds owns part of Diavik in Canada, as well as all of the Argyle mine in Australia and Murowa in Zimbabwe.

This is a worthwhile discussion about Diamond Nexus Lab, which advertises heavily on google keywords (including on this site; see below, and feel free to click, we make money off of it), and say they sell “man-made diamonds,” but seem to sell some form of definitely-not-diamond cz. Can the JVC or someone check this out?

World Diamond Council meeting in Jerusalem:
A good round-up.
So is this. Love the boldface!
Global Witness warns of trouble.
Reuters report, AP article, Voice of America

“Conflict diamond” bust in Ohio. Also: Alleged diamond smuggler arrested at Mumbai Airport. More here.

– Indian diamond polishers worried about duty lifting.

– Sierra Leoneans react to “Blood Diamond.” 

– ABN Amro saga drags on and on

– There’s been A LOT of articles/debate about the Ontario diamond tax … enjoy!

Have a good weekend …

JCK News Director