Hi, I hope you all heard the podcast we released this week with De Beers CEO Al Cook. I also appeared on Paul Zimnisky’s podcast a few weeks ago, and we discussed lab-grown, the recent ruling against Skydiamond, if I’d ever want a Rolex, and more. Check it out here.
This week: Saks and Neiman Marcus seem set to merge. Some consumers find sustainability marketing annoying. And a jewelry designer unknowingly creates her own ring. All below.
U.S. watch and jewelry sales record biggest jump in two years
Richemont acquires Italian jewelry brand Vhernier
Watches of Switzerland buys Roberto Coin’s U.S. division
European Union looks at diamond sanction exemption to “grandfathered” goods
– The National on G7 sanctions and Antwerp
Botswana says it will protect its interest amid De Beers–Anglo drama
– CEO says Okavango won’t oversupply the market
– Paul Zimnisky: Why diamonds don’t work for Anglo
Lightbox lowers prices to $500 a carat
– Edahn Golan says lab-grown prices are 99.5% off Rap
– Employees of LGD companies taking vacation to control supply
– Lab diamonds have “won a battle, not the war”
– Young consumers love lab-growns, claims Pandora (subscription)
FT examines Natural Diamond Council complaints against lab-grown companies
Men increasingly open to wearing jewelry, survey finds
More designers offering “placeholder” rings
How platinum could take advantage of the high gold price
– Q&A with exec from Anglo’s platinum division
China is buying gold like there’s no tomorrow
Watchmakers see uptick in Gen Z buyers
– The luxury watch downturn, explained (subscription)
– Cartier, Omega watches holding their value better than Rolexes (subscription)
Brilliant Earth’s sales fall, profits rise
– Sales number below analyst estimates
Charles & Colvard filing contains going concern warning
Nivoda, Liquid Diamonds receive funding
Gemist switches to business-to-business model
Neiman Marcus and Saks getting closer to a deal
Profile of MyTeresa, online luxury’s “last man standing”
Chinese jewelry giant Lukfook aims to become global brand (subscription)
Michael Hill goes upmarket (subscription)
Chaumet CEO wants to modernize brand
Interview with Helzberg Diamonds CEO (video)
Interview with outgoing De Beers chief brand officer David Prager (audio)
Shermeen Greenmun appointed VP at Casio America
JBT elects Brian Fleming as chair
Vinay Singh of India Gems dies
Kimberley Process Civil Society Coalition calls for “year of delivery”
– Is the Kimberley Process broken? (audio)
De Beers releases sustainability report
Some consumers find sustainable marketing annoying (subscription)
Egyptian jeweler, wanted in Cairo for fraud, arrested in Lisbon
Thieves make off with museum’s ancient gold jewelry
Woman takes selfie before stealing thousands in jewelry
Lottery winners given real diamonds and gold after complaints
Bernard Arnault unleashes legal blitz on Visa and Mastercard
Nasty Gal accused of copying Pamela Love’s designs
2024 Met Gala jewelry report
– Indian billionaire Sudha Reddy wears more than 200 carats of diamonds
– W picks the jewelry highlights
Christie’s upcoming sale includes 202+ ct. yellow diamond
Nearly 100 rare and noteworthy watches to be auctioned by Sotheby’s
Sotheby’s also selling Sylvester Stallone’s Patek
Shirley Bassey auctioning jewelry
Washington Post looks at Museum of Natural History hip-hop exhibit
The enduring influence of India and the Middle East on Cartier’s jewelry
Woman on TikTok shares “game-changing” jewelry hack
More couples opt for joint proposals
Former jeweler tells how she’d regularly spot men cheating
Newlywed discovers husband paid for engagement ring out of joint account
Woman finds ugly engagement ring in boyfriend’s sock drawer
Some scoff at influencer’s moissanite engagement ring
Jewelry designer had no idea she was creating her own engagement ring
From the Podcast
The Jewelry District, Episode 121: Guest Al Cook
Email: rbates – at – jckonline.com
– Twitter: @robbatesjck
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Have a good weekend.
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