This week: Goldman Sachs says $5,000 gold is possible. Missing U.K. diamond dealer reportedly had staff pose as customers. And Taylor Swift’s jeweler speaks. All below.
Signet exec talks tariffs, strategy, lab-grown
– Company’s stock rises
– Its focus on lab-grown fashion pays off (subscription)
– CEO: There’s room for both natural and lab-grown diamonds
Macy’s calls jewelry one of its “standouts”
Gold price breaks new barrier: $3,500
– Hits $3,600 ahead of jobs data
– Goldman Sachs says $5,000 gold is possible if Fed independence is damaged
– Mining stocks jump too
– Rise driven by search for safe haven
World Gold Council proposes digital model for gold trading
Tariffs cause small foreign jewelers to halt U.S. shipments
– Jewelers nervous about holiday sales
– Watches of Switzerland, Swatch Group keep on trucking
Indian jewelry exports to U.S. poised to fall 70%
– How Russian oil affects American diamonds
– Surat diamond offices stand empty
– Industry asks government for relief
– Indian diamond business sees “glimmer of hope” in China
Court rules Trump tariffs illegal. What’s next?
– Administration appeals to Supreme Court
– If he loses, importers could get refunds
– Trading partners “dazed and confused”
“Grandfathered” Russian diamonds can still enter U.S.
GIA details updates to lab-grown diamond grading
– Articles on the GIA change in Financial Times and New York Times (by Amy Elliott)
Dutch retailer’s website crashes from offering cheap lab-growns
Botswana wants lab-growns measured in grams, not carats
– Bloomberg: How lab-grown is “robbing Botswana of its diamond riches”
Erez Rivlin: How Botswana fits into sale of De Beers
– Sheila Khama on Botswana’s De Beers “bashing”
Lesotho’s biggest diamond mine cuts staff by 20%
Report: U.K. jeweler Vashi Dominguez had staff pose as customers
Former Lazare Kaplan head Maurice Tempelsman dies at 95
– Peter Smith on his “lasting lesson”
Frederick Goldman promotes John Orrico to president
Stephen Singer sees end of Philadelphia’s Jewelers’ Row (subscription)
Michigan jewelry building renovation plan faces pushback
Christie’s jewelry head Kadakia promoted to head of Asia Pacific
Phillips names new head of jewels for New York
Jewelry store uses fog to thwart robbers
London Assay Office issues warning to precious metal dealers
Indian customs officials charged with facilitating fake-gold jewelry exports
UAE bans gold trade with Sudan
Italian jewelry sector blames Brazil for illegal gold entering country
Brazil opens probe into Anglo American nickel business sale
Element Six says it’s made synthetic diamond “breakthrough”
SUNY Binghamton geology major investigates diamond formation
French designer introduces jewelry with teeth
Jacob & Co. partners on “iced-out” headphones
Breitling is now official NFL timepiece
Patrick Mahomes is new Hublot brand ambassador
Taylor Swift’s jeweler speaks out
– Avi Krawitz: Swift’s diamond is “perfectly flawed”
– Pop icon’s engagement sparks interest in gold watches
– Wall Street Journal: How Taylor Swift and tariffs could help sell diamonds
– Axios: Swift inaugurates “large diamond era”
Kim Kardashian under fire for daughter’s finger piercing
Drake makes fun of Rick Ross with fake-jewelry joke
Lots of Tiffany pieces in Guillermo del Toro’s Frankenstein movie
Salvador Dalí’s surrealist jewelry displayed in London
Thanks for the shout-outs, The Table Read and Splash Magazines
Media Watch
– New York Times on Pomellato gemologist Stefano Cortecci, the Spktrl Light ring, Downtown Abbey’s jewels, a jewelry-selling barbershop, a London brooch exhibition, actor and jewelry designer Damson Idris, challenges for emerging designers, the jewelry line from a Turkish bathhouse, new book on Silvia Furmanovich, porcelain as jewelry accent, French jewelry brand Dinh Van, French designer Alix Dumas, and letter jewelry (by Victoria Gomelsky)
– Financial Times on Split Watches founder Edward Margulies, the pocket watch revival, jewelry “treasure hunters,” diverging watch prices at auction, Swiss watch certifier’s stricter performance standard, and Swiss watch suppliers launching own brands
From the Podcast
The Jewelry District: Tariffs, American Watchmaking Revival, Executive Changes
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