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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.