This week: Has Rolex’s influence hit unprecedented levels? Locals worried about jeweler’s missing clock. And the latest diamond within a diamond. All below.
Signet Jewelers to buy Diamonds Direct for $490 million.
– Gets company into “accessible luxury” space.
– CEO on CNBC (video).
– Bank of America moves off “bearish” view.
– Shares fall on profit taking.
– Move leads Brilliant Earth’s shares to rally.
Chow Tai Fook confirms test of lab-grown diamond brand.
– Paul Zimnisky: How the largest jewelry companies are marketing lab-grown diamonds.
U.K.’s Advertising Standard’s Authority upholds claim on diamond simulant disclosure.
Cartier and Kering’s plan to ramp up industry sustainability.
More companies enter secondhand watch market.
New trend: customized luxury watches.
Rolex’s power and influence reach unprecedented level.
– All others brands driven to the margin.
Tiffany & Co. adds to C-suite, longtime senior vice president Andy Hart departs.
– Tiffany under LMVH is on the right track (subscription required).
How LVMH dominated luxury.
– Why luxury brands need a growth-oriented mindset.
Supply chain issues not impacting luxury retail.
– Will luxury goods sales stall in China?
Costco sees strong jewelry sales.
What’s next for Pandora.
Gilt Groupe said to plan IPO.
Ear piercing company Studs raises $20 million.
Indian D2C brand Melorra raises $24 million.
The myth of the high-fashion startup.
Avi Krawitz on COVID-19 weddings.
Simon malls to close on Thanksgiving.
Amazon copied products and rigged search to promote its brands, documents show.
– What it’s really like to quit Amazon.
Bergio’s fashion jewelry label debuts on eBay.
Can this company conquer Canada’s cutting curse?
Alrosa: Diamond miners’ stocks at “minimal” levels.
De Beers strikes deal with Namibia, will last until 2042.
Namibian diamond shipment blocked by police.
Angola and Rio Tinto sign massive deal.
– Angola says Romania wants to invest in diamond sector.
Lucara mulls Clara spin-off, new Botswana mine.
Gahcho Kué buys Thanksgiving dinner for health care staff.
Five presumed dead after closed diamond mine collapses.
Robbers steal jewelry from wealthy New York diners.
– NYPD closing in.
– New York City jeweler robbed outside Buddha-Bar.
Attorney sued over jewelry trademark work (subscription required).
Borsheims promotes Sunil Luthra to tech, security head.
Texas jeweler Jimmy Green dies.
Scottish jeweler hit by Brexit.
South Carolina jeweler sees sales soar after Jill Biden wears bracelet.
North Carolina jeweler’s missing clock worries residents.
Business advice jewelers got from their parents.
Pascal Mouawad talks ins and outs of jewelry business.
Black entrepreneur launches African-themed jewelry line, sales take off.
Chopard revels in its role in James Bond hit No Time to Die.
The Cartier bracelet that made Wallis Simpson a jewelry icon.
Al Capone’s jewels smash auction estimates.
Another “diamond inside a diamond” comes to light.
Discovery of “new” gemstone turns Japanese coal into gold.
How does someone tell their fiancée her jewelry business is a “hobby”?
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Have a safe and healthy weekend.
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