This week: Amazon becomes even more e-dominant. The real-life succession drama for Bernard Arnault’s job.. And the planet Mercury may be littered with diamonds. All below.
U.S. ban on Russian diamond imports may have major loophole
– Russia resumes rough exports to India
– Alrosa closes U.S. office after Rebecca Foerster resigns
– Kimberley Process NGOs call for emergency meeting
– Avi Krawitz on the “diamond origin dilemma”
– Signet’s Russia move sent “shock waves”
– De Beers notes it can mark its diamonds
– Consumer media coverage: CNN, Insider, Yahoo Finance, Town & Country
– Australia not sanctioning diamonds
– Donors to Ukraine: Kentucky jeweler; California jeweler; Canadian diamond mines, and others in jewelry industry
– JCK podcast discussion
Jewelry sales surge in February
Signet claims 9% of the U.S. jewelry market
– Guidance smashes estimates
– Earnings call transcript
– Wall Street Journal: How Signet slashed costs, debt
Brilliant Earth hopes to double retail showrooms
– Earnings call transcript
– Releases sustainability report
– CEO Beth Gerstein on her slow but steady liftoff
Tiffany CEO on plans to revive the brand (subscription required)
Hudson’s Bay considers bid to buy Kohl’s
Does Roblox have something to offer jewelry brands?
– Or maybe you should be on Waze
Amazon’s share of U.S. e-commerce hits all-time high
– Amazon is burying organic search results
Clean Origin owner receives $20 million investment
The “synthetic diamond problem for fancy color diamonds”
India becomes emerging center for lab-grown diamonds
Diamond Foundry sues U.S. Trade Representative over China tariffs
U.S. Treasury sanctions Alain Goetz, network of companies involved in illicit gold trade
– Goetz claims “misinformation”
Philadelphia jeweler pleads guilty to money laundering
California stockbroker who sold fancy colored diamonds files for bankruptcy
H. Moser gets U.S. subsidiary, hires new brand president
Hodinkee appoints new CEO
PGI USA promotes Kevin Reilly to senior VP
Fana appoints new chief marketing officer
Former Richemont North America CEO joins board of Aether
Bernard Arnault sticking around at LVMH
– The five kids all vying for his job
Is Switzerland’s watch industry stuck in the past?
Swatch Group reaches out to retailers that are losing brands
– Swatch sees no impact from Russia crisis
National Jeweler interviews Stephen Lussier (video)
– And so does WWD
IndieWire calls Showtime diamond documentary “industry’s worst nightmare”
– Preview (video)
De Beers will work in Angola only if there are “high standards”
Sudan gold mine collapse kills 12
Gem Legacy staging “adventures” in Africa
Jewelry show moves from Hong Kong to Singapore
Jimmy Choo launches jewelry line
Catbird opens new store in Brooklyn, N.Y.
New Hampshire jeweler tattoos jewelers’ tools on his head
Jeweler’s editorial published in Utah paper (that he didn’t write)
Kendra Scott shares journey in memoir
Adele gets “grilled” on diamond on her ring finger
If you like ranch dressing, you can make a diamond out of it
The planet Mercury could be littered with diamonds
Woman finds out her diamond was fake at NBA game and storms out
From the Blog
U.S. Ban On Russian Diamond Imports May Have Major Loophole
From the Podcast
The Jewelry District, Episode 65: Diamonds and the Russian Invasion of Ukraine
Have a great 24 Karat Weekend. Hope to see some of you in the next few days.
– Email: rbates – at – jckonline.com.
– Twitter: @robbatesjck
– Connect on LinkedIn
(Photo: Getty Images)
- Subscribe to the JCK News Daily
- Subscribe to the JCK Special Report
- Follow JCK on Instagram: @jckmagazine
- Follow JCK on X: @jckmagazine
- Follow JCK on Facebook: @jckmagazine
