I’m posting this Friday morning, and I’m pleased to say I saw a pretty good mood by the end of Luxury/Premiere. Traffic was down, but most people said business was done. Will it continue at JCK? We’ll see …
Now the news …
Rapaport price increases upset trade.
– Rap responds.
– 80s crash rerun?
– Rapaport buys “Watch Dealers Network.”
Diamdel auction premiums “surprise.”
De Beers class action settlement approved.
Zale repurchases more stock.
– Company “not for sale.”
Chaim still a BPP skeptic.
Alrosa chief: No IPO.
Rio Tinto committed to diamonds.
De Beers South African exports investigated.
– Company “welcomes” probe. It’s swell!
101-carater sells in Hong Kong.
Eshed Group “misrepresentation” warning.
Debswana: Carats down, profits up.
Conflict diamonds discussed in Canada.
Patrician Diamonds suffers helicopter accident.
Regarding that Ohio jeweler court case, you can piece together some of the things that what went on this week here and here… Perhaps most importantly, no new information was produced regarding the GIA bribery investigation, and apparently for a while things will be done in private out of reach from the press. Boo.
Gemesis plans new web site. Or: It’s a mighty slow news day down in Sarasota.
Media Watch:
The Smithsonian on lab-grown gems. An error or two in there.
Philadelphia Inquirer notices diamond sales are bad.
Telegraph, BBC notice that De Beers sorting is moving to Africa.
The (Indian) Telegraph notices cutting jobs moving to Africa.
Business Week article on high growth stocks includes Bidz.
Dubai newspaper on tanzanite mining.
Have a great weekend. Even if it’s in Vegas …
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