July top stories. Don’t miss a headline! Sign up for our daily newsletter at jckonline.com/newsletters/subscribe.
1. Jimmy Fallon’s Ring Avulsion Is Horrifying
The Tonight Show host tripped on a rug and his wedding ring got caught on a countertop, leading to a serious injury that required a six-hour surgery and 10 days in the intensive care unit.
2. Metal Massacre: Gold Sinks to New Five-Year Low, Platinum and Silver to Six-Year Low
When prices go down, jewelers’ ears perk up.
3. Diamond Industry Crisis Worsens: De Beers Allowing Large Deferrals; India Sees Defaults, Suicides
Diamantaires are facing weaker demand in China, poor liquidity, and heavy debt, contributing to a growing crisis in the trade.
4. Kohl’s Sued Over Alleged False Discounts
The suit, filed July 21 in California federal court, charges the department store chain with instituting fake discounts on a variety of Kohl’s proprietary brand products.
5. It’s All Signet Now
Signet has reorganized, so it no longer has a Sterling or Zale division.