First, a quick personal note: I will be on vacation next week, and this feature will take the week off with me. Wishing everyone a great end of summer!
This week in Diamond Shavings: Why diamond marketing needs to change. Amazon hosts thousands of unsafe, illegal products. And a wristwatch that holds your lunch. All below.
Blue Nile names Sean Kell its new CEO.
Pandora plans brand relaunch as sales continue to drop.
– Company’s value jumps $1 billion in a day.
Alex and Ani dismisses lawsuit against Bank of America.
Bailey Banks & Biddle down to one store.
Fine jewelry strong at J.C. Penney, Macy’s.
Paul Zimnisky examines Signet’s finances.
– Signet touts responsible sourcing record.
Consumers are doing okay, but retailers still struggle.
Nordstrom did everything right—and it’s still in trouble (subscription required).
– Nordstrom names company veteran chief merchandising officer.
Startup wants to be the “Etsy of jewelry.”
Instagram is changing how businesses are being made (mentions Tiffany).
De Beers offers 50% refusals.
– Articles on the industry’s problems from The New York Times and NPR.
Alrosa slashes full-year sales outlook.
– Earnings call transcript.
– Hopes for $60 million from rare purple-pink.
Ernie Blom: ABN Amro letter a “wake-up call.”
Diamond marketing needs to be “disrupted.”
Is the Four Cs still an adequate system?
Diamond traders want Hong Kong show postponed.
Will the fuss over buying Greenland help its rubies?
Ben Janowksi on the industry and climate change.
SEC delists lab-grown diamond company Scio.
GIA exposes rough with fake green color.
Diamond baron flees UAE after bank file notices over loan.
Beny Steinmetz is charged with bribery in Switzerland.
Gitanjali exec wants to testify via conference call.
Jeweler fined $150,000 for Cartier, Van Cleef fakes.
Amazon hosts thousands of unsafe, banned products, investigation finds.
Is Walmart doing enough to protect its supply chain?
Chopard stiffs celebs, lies about ethical gold, lawsuit charges.
Zimbabwe still sees lives lost in “unsustainable” Marange mining.
Locals not seeing much benefit from Sierra Leone gold mines.
Russia’s “murky” gold and diamond business in the Central African Republic.
– CNN reporter said Russia intimidated her over Central African Republic gold mine story.
Indian government to auction off Bunder mine.
Debswana managing director Albert Milton dies.
Diamond trader and socialite Eddie Poone dies.
British reality TV star Lewis Bloor accused in diamond investment scam.
FBI busts scammers who promised love and diamonds.
Overstock CEO resigns after admitting affair with Russian spy.
JCK strengthens digital presence, adjusts print frequency.
Jewelers Board of Trade redesigns credit report.
Watches of Switzerland opens Audemars Piguet, relocates Mayors in Atlanta.
Tourneau moving to 601 Madison Ave.
Richard Minadeo, jeweler to ‘80s pop royalty, making comeback.
Study: 63% of divorce women keep engagement ring.
Mother-in-law buys son new wedding ring because she didn’t like original.
Woman finds 3.72 ct. diamond while YouTubing “how to find diamonds.”
California man finds 100-year-old diamond ring, returns it to owner.
Deep diamonds hint at Earth’s primordial magna.
A wristwatch that holds your lunch! (video)
Media Watch
The New York Times looks at cremation diamonds.
Robb Report interviews Bulgari CEO.
Fortune profiles the Diamond Foundry/Jony Ive ring.
Harper’s Bazaar on buying an ethical diamond ring.
The New Yorker looks at the crystal craze.
From the Blog
Will the Fuss Over Buying Greenland Help Its Rubies?
JCK Podcasts
Guest: Joe Thompson of Hodinkee
Have a great weekend!
– Email: rbates – at – jckonline.com.
– Twitter: @robbatesjck
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