The Wolf at the Door

Each June, this column looks back over the previous 12 months to see where the jewelry industry has been and tries to figure out where it's headed. Last year's page summarized the 12 months between June 2005 and June 2006 as “interesting” times, and it's safe to say that remains an accurate description. Last June, GIA was the favorite topic of conversation, and it still is. But last year's gossip and speculation about what effect the grading scandal might have on the industry's leading educational and research institution has largely been replaced by favorable reviews of its new president and what seem to be solid plans for its future. Last June, the industry worried about potential damage from the impending release—scheduled for the Christmas selling season—of the movie Blood Diamond. (See Rob Bates's exclusive interview with the movie's director, Ed Zwick, on p. 204.) It

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