This week: Is one out of every two lab-grown diamonds produced in China? Retail and the death of the middle class. And Taylor Swift really loves wearing jewelry. All below.
IGI could go public with Indian IPO, report says
Indian government complains about Russian diamond ban
– Despite Ukraine war, Russia and the West still working together on Kimberley Process
Chinese TV says country produces one out of every two synthetic diamonds (video)
– Lab-grown price declines expected to continue
Charles & Colvard doubling down on moissanite
Indian jewelry chains find lack of consumer interest in lab-growns
India’s Limelight Lab Grown receives $1 million investment
Surat diamond bourse starts courting smaller merchants
Paul Zimnisky: How discounting could hurt natural diamonds
– Natural Diamond Council launching new campaign (audio)
– Rapaport sees price hike for lower-clarity diamonds
Renard diamond mine purchased by lithium company
– The Quebec diamond adventure is coming to an end
Five takeaways from NRF’s retail presentation
– What the death of the middle class means for retail
– Consumers won’t stop “revenge spending”
A lot of Gen Zers really want a Rolex
The case for long-term exclusive agreements between watch brands and retailers
Most people still prefer to shop in-store
– What’s the future of luxury online shopping?
Signet begins advanced share buyback, reducing debt ratio
– Why Brilliant Earth has been outpacing Signet (video)
Gold price continues to soar
– $3,000 an ounce “only a matter of time”
Gold price increase hurting sales in India
– Despite gold’s rise, Indian jewelry stocks underperform
Indian jewelry retailers set to expand
Indian jewelry brands increasingly using robots
Richemont-owned Chinese jewelry brand Qeelin turns 20
LVMH aims to shape pop culture
What is really driving luxury brands’ focus on warranties and repairs
Why celebrities invest in watch companies
Interview with new CEO of the 1916 Company
Interview with new CEO of Chronext
Movado appoints new president of North American sales
Texas Monthly has the story of jewel thief that targeted Dallas high society
Toronto jeweler arrested for not returning goods
LBMA lets in “dirty gold,” say human rights groups
Shipment of counterfeit jewelry seized in Minneapolis
Australian retailer Michael Hill appeals verdict in packaging dispute
– Establishes Michael Hill Foundation
NYC comptroller criticizes diamond district BID
B Corp organization toughens certification criteria
Hip-hop jewelry exhibit coming to New York’s Museum of Natural History
– Top five hip-hop jewelers
GQ is very excited about Usher’s diamond-studded Chopard
Taylor Swift has worn over $140,000 in jewelry so far this year
Emili Vesilind tells the story of Bob Marley’s sacred ring
Yankees don’t want outfielder wearing so many necklaces
Peru’s president’s jewelry collection becomes a scandal
Saddam Hussein’s granddaughter attends Cartier bash
Review of the art in Tiffany’s New York flagship
Chanel’s new jewelry and watch flagship pays tribute to famous founder
Temple St. Clair’s New York shop feels Italian
De Beers gets okay for new pension scheme
Canada’s mild winter disrupts “ice road” to diamond mines
Zimbabwe commits to transparent trade in diamonds
New beetle species identified at Orapa mine in Botswana
Archeologists discover Roman villa filled with jewelry
What to do with engagement ring intended for girlfriend who cheated
Elderly man takes jewelry class, and now people believe in love again
Shopper finds cashier’s lost diamond ring in store bag
Boy picks up piece of metal, and it turns out to be a rare treasure
Man hides engagement ring in treasure chest during escape room proposal
Media Watch
The New York Times on gem- and jewelry-themed tours (written by JCK’s Amy Elliott) and Portuguese jeweler Rosior
Daily Mail look at Fabergé eggs, “the ultimate Easter gift”
FT goes in search of Graff’s “Green Lady”
PopSugar on “divorce rings”
From the Podcast
The Jewelry District, Episode 118: 24 Karat Weekend, Diamond Sanctions, John Kennedy
Email: rbates – at – jckonline.com.
– Twitter: @robbatesjck
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Have a good weekend.
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