Here are five stories that are on the industry’s radar this week:
– As Sterling got a
new CEO, Zale is trumpeting its “back to basics” approach that means
rediscovering its roots as “The Diamond Store.” Here is JCK’s own
analysis of their financial condition and a transcript
of their latest conference call.
– Blue Nile releases an
app for the Iphone.
– Diamonds said to be illegally imported from Zimbabwe seized in
– The Indian community observes a moment of silence after one
of its members is murdered.
– “The Clarity Project” gets more press, this time in
the Christian Science Monitor. And New York magazine profiles
Gary Barnett, former diamond trader, and now builder of the International
Gem Tower on 47th Street.