This week: Who will bear the brunt of the new tariffs? The gold price soars past $3,200. And Macy’s claws back bonuses from executives. All below.
Famed jeweler David Webb acquired by investment firm
Prada buys Versace from Capri Holdings
Fortuna auction house files for Chapter 11
Mikimoto Americas gets new president, CEO
Howdy, Duties
– The world just had a really wild week
– Industry (mostly) relieved after tariffs are (mostly) paused
– Surat industry “thrilled”
– Independent designers still may be hit hard
– U.S. small businesses may bear the brunt
– Walmart sees opportunity
– Signet, Pandora consider ways to adjust
– GIA expands grading overseas
– Paul Zimnisky: how diamond market might be affected
– Petra Diamonds delays tender
– Mumbai diamond exports soar to beat tariffs
– Diamonds listed on RapNet increase
– Israel Diamond Exchange quits WFDB in tariff row
– AGTA lobbying government to exempt gems
– LVMH put to the test
– Will China open counterfeit floodgates in response?
– Amazon CEO: Sellers will pass on costs to consumers
– Marketers see more instability
– Jewelers of America tariff Q&A
U.S. TikTok deadline extended again
Watches and Wonders reports record growth
– Jack Forster: fair is “oddly muted”
Gold soars past $3,200
AI-powered jewelry design platform Blng raises $3 million in funding
Levnaro Jewelry raises $650,000 to expand its brand
Northwest Territories urged to provide tax relief for struggling diamond mines
Debswana halts operations at two mines
– Moody’s downgrades Botswana’s outlook to “negative”
De Beers says it doesn’t fund political parties
Brad Brooks-Rubin: What will industry do if Russian sanctions are dropped?
– Brooks-Rubin on Rapaport podcast
Diamond workers protest outside KP Sanghvi factory
– Workers picket Indian lab-grown factory
Cellophane-laced water sickens workers at Surat diamond factory
Armenia interested in cooperating with Congo diamond industry
Macy’s claws back over $600,000 in executive bonuses
J.C. Penney launches “comeback” ad campaign
Hudson’s Bay looks for a buyer
LeVian family matriarch Pary LeVian dies
Hernando Sánchez, leading Colombian emerald miner, is killed
Diamond ring scam impacts Mississippi
Blue diamond shines at Abu Dhabi exhibition
How diamond miners discovered a Portuguese shipwreck
Marla Aaron discusses creating customizable pieces
Interview with designer Nashira Arnó
Forbes profiles Lugano Diamonds
Converge taps neuroscientist as keynote speaker
From the Blog
The World Just Had a Really Wild Week
From the Podcast
The Jewelry District, Episode 144: Guest J.K. Symancyk
Email: rbates –at – jckonline.com.
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