Diamond Shavings: Your Friday Web Roundup, Week of Oct. 3

This week: Guy pans for gold to make wedding ring. Diamond dropped on Brooklyn Bridge. Bill Gates has a cheapo watch. All below.

 

Bank Bailout

– Standard Chartered reducing exposure to diamond loans.

– Will diamond prices drop as the result of bank pullouts?

– Head of Indian group predicts 5 to 10 percent drop.

– Edahn Golan: 12 percent of industry financing…now gone.

– My thoughts: Why we can no longer bank on the banks.

– De Beers woos the banks. Will it help?

 

EBay to spin off PayPal.

– Apple Pay may debut Oct. 20.

– “New era at cash register.”

 

Apple goes high fashion, displays watch at Paris boutique.

– Why it wants fashion-industry approval.

– Will it collaborate with watch brands?

– Fashion model new face of watch?

Vogue profile of watch designer Jony Ive.

– Swiss watchmaker wants to add diamonds to it.

– Analyst predicts watch will be a “flop.” Amusing chart.

– Success or failure depends on apps.

– Competitor Pebble cuts price.

 

Cartier, TAG Heuer cut production amid slowing sales.

– Watch business hit by Hong Kong protests.

 

Alex and Ani logs 5,200 percent growth.

 

Consumers spending more on jewelry.

– Study one: 25 percent of affluents plan to buy jewelry this holiday.

– Study two: Affluents are turning away from jewelry.

 

Gold sinks below $1,200, platinum hits five-year low.

– Platinum miners hit by metal sell-off.

 

Diamond District building may be repurposed.

 

Panel on lab-grown diamonds. (Not the first lab-grown diamond panel.)

– GIA drops price on synthetics screening.

 

Suit over diamond grading reports settles.

– Another lawsuit related to Genesis Diamonds’ situation in Tennessee.

 

EGL Platinum latest EGL to speak out about RapNet ban.

– Terry Chandler: Grade misrepresentation “the exception.”

 

AWDC blasts press, prosecutor after false arrest report.

 

Report on Bulgari’s tax problems.

 

Well-worth-reading appraisal of the (now) former president of Alrosa.

 

Another weak quarter for the diamond trade.

 

De Beers now the hero of Anglo American.

 

Chow Tai Fook staying focused on China.

 

Diamond workers in Gujarat underpaid.

 

BaubleBar incorporating video technology into customer service.

 

Blue Nile makes mobile investments.

 

Same-day delivery “becoming the norm.”

 

Rare pink diamond ring stolen from auction house.

 

8.62 ct. Graff ruby, 27.54 ct. sapphire to be offered at Sotheby’s in October.

 

Egypt saves world’s third largest diamond from auction.

 

Pebble Mine lawsuit against EPA dismissed.

– Mine debated in Alaska Senate race.

 

Panel wants Indian diamond mines closed.

– Tigers disappear.

 

GIA teaches Ivory Coast diggers how to evaluate diamonds.

 

Hong Kong jewelers shut stores amid protests.

– U.S. jewelers should pay attention.

– Hong Kong leader’s daughter thanks taxpayers for diamond necklace.

 

Angelina Jolie gives Brad Pitt a really cool expensive Patek Phillipe.

 

Bill Gates wears a $10 watch.

 

Supreme Court Justice Sotomayor gets a cool necklace.

 

Cops rescue engagement ring on Brooklyn Bridge.

– BuzzFeed has pics.

 

Man “panned for gold” to make wedding ring.

 

Media Watch:

– Bloomberg on problems finding new diamond mines.

– Reuters at the Argyle pink tender.

– Diamond buying guides from Chicago Tribune and Daily Mail.

– Interview with author of book on the “cultural meaning” of diamonds.

– Yahoo Finance talks to Vashi Dominguez.

– Interview with Canadian fair trade jeweler Ryan Taylor.

The Guardian on panel about NGO-business alliances, includes Kimberley Process.

Foreign Policy says supply chain disclosure laws (including Dodd-Frank) are sputtering. (Also: Mining Weekly.)

New York Observer likes JCK story on diamonds on Alibaba.

 

From the blog

De Beers Woos the Banks. Will It Help?

Why This Industry Can No Longer Bank on the Banks

 

 

Have a great weekend!

– Email: rbates – at – jckonline.com.

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JCK News Director