I am assuming that anyone at AGS is out on the floor right now, but if you happen to be around reading this, hope you can catch my talk at 3:45 in the way-too-big Denver ballroom … And here is this week’s news round-up …
– Chaim: Hezbollah polishing diamonds?
– Rio Tinto raising prices.
– Well I guess they won’t be making an example out of those guys: Conflict diamond charges basically dropped in Arizona.
– Science Marches On: Yet another claim of new way to manufacture cheap synthetic diamonds.
– Head of African Diamond Producers Association says he was “misquoted” about plans to form “diamond OPEC.” Can you imagine if the diamond industry was controlled by a monopoly? Can’t fathom what that would be like.
– Ken Gassman analyzes jewelry advertising, finds small stores actually spend more on advertising as a percentage than chains.
– Dubai lab to “revolutionize diamond grading.” Some details would be nice.
– Tangentially related: QVC may sell less gold jewelry as price gets higher.
– The latest on ABN AMRO. The industry’s leading lending institution could be in the hands of a guy called “Fred the Shred.”My thoughts, plus ABN is cautious about industry debt, and claims New York has a whopping $2 billion in bank debt.
– Leviev’s company says De Beers’ involvement in South Africa’s “state diamond trader” is like “the cat watching the milk.”
– De Beers store will open in Korea.
Feel free to comment on any of the above by hitting the button below, and enjoy your weekend …