This week: Is the Rolex market “rigged”? A possible lab-grown diamond scandal in Singapore. And research suggests diamonds are rarer than we think.
Signet’s comps fall amid “challenging” environment
– Stock climbs
Brilliant Earth sales see small fourth-quarter drop
Edahn Golan: Jewelry sales down in February
– Sherry Smith: How did independent jewelers do in January and February?
2023 Oscar jewelry: “everything everywhere that we loved”
– Roundups from National Jeweler, The Hollywood Reporter, Who Wore What, The Wall Street Journal (subscription)
– Pregnant Rihanna adorns her bump with $1.8 million diamond belly chain
– Who wore what watches at Oscars
– Some of the Oscars’ best jewelry moments
WWD: Silicon Valley Bank could have “chilling effect” on fashion
Gold price surges after twin bank closures
HRD hits back on “upgrading” allegations
– Peter Meeus calls allegations “shocking”
Avi Krawitz on the industry’s Russian crisis
The Ekati diamond mine has (another) new owner
– Locals want the mine to continue
Paul Zimnisky: What natural diamond supply could look like in 2030
Indian diamond industry adjusts to uncertainties
Petra’s latest tender sees improving diamond price trend
Why not all lab-grown diamonds are created equal
India’s diamond industry “grows up”
– BBC on India’s adoption of lab-grown
Diamond Foundry to build factory in “empty Spain”
Sydney Morning Herald on the growing doubts about the “ethics of lab-grown diamonds”
Singapore lab-grown company files complaint over missing diamonds, diamond seeds
South African diamond dealer Leibenberg fights liquidation of his company
The Rolex market is “rigged against normal consumers”
– Rolex boosts production with three pop-up facilities
How the “high end” is driving the watch market
Boston Consulting Group on the luxury pre-owned watch market
Private equity firm buys stake in U.K. jewelry brand Monica Vinader
De-influencing “is the new influencing”
JCK Industry Fund’s 2023 grant recipients announced
Julia Roberts becomes Chopard ambassador
Reed Krakoff begins reinvention of John Hardy
Opsydia appoints Jimmy Gove for sales, marketing
Eva Violante named head of Americas department for Phillips jewels
Longtime Borsheims employee Jennifer Johnson retires
Nirav Modi says he’s “broke”
James Avery employee fired for TikTok video
Brazil audit court orders Bolsonaro to return Saudi jewelry gift
Queen Consort Camilla modifies Queen Mary’s crown
Koh-i-Noor to be recognized as “symbol of conquest”
1,000-year-old remains, jewelry found in rare coffin in hidden cemetery
Arkansas man finds “big ugly diamond” at state park
New research suggests diamonds have “always been rare”
Media Watch
The New York Times/Victoria Gomelsky visits the Tucson gem show
Also from the Times: the Cross becomes “style choice,” a talk with Chaumet’s archivist, the meaning of Georgian jewelry, “forgotten” watches getting second lives, the new vogue for tiaras, and jewelry brands with hidden details
From the Podcast
The Jewelry District, Episode 91: Guest Tom Nolan
Have a great 24 Karat weekend!
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