This week: Saks reportedly owes money to vendors. Does diamond grading need a rethink? And J.D. Vance attacks Kamala Harris’ necklace. All below.
Gold futures cross $2,500 mark for first time ever
June U.S. watch, jewelry sales saw biggest gains in two years
Greenland Ruby files for restructuring, is up for sale
De Beers calls off August sight as market woes continue
– De Beers, India’s gem and jewelry group to promote natural diamonds
Rapaport says diamond prices fell in July
“All is not well” in Surat diamond industry
– Staff of Kiran Gems goes on 10-day leave
– Workers face uncertainty
– Indian manufacturers cut production by roughly 50%
Swiss watch companies look to reduce worker hours
Brilliant Earth sales fell in second quarter
– William Blair downgrades it
Tanishq: Indian consumers don’t like lab-grown diamonds
– Parent company’s earnings call transcript
– How Tanishq “exposed” tarnished jewelers
Indian jewelry brand Kushal’s wants to go global
Fireside Ventures invests in Indian lab-grown jewelry brand Aukera
Saks Fifth Avenue reportedly owes money to dozens of vendors
– Saks finances show conflicting picture
Israeli companies claim Diamond Foundry owes them $5 million
United Arab Emirates suspends 32 gold refineries
Keepsake jewelry-maker accused of misusing fingerprints of the dead
British police impounds thousands of counterfeit watches in Leeds
Dune Jewelry names former Bremont VP as CEO
Wolf appoints one sales manager and another
David Patison, co-founder of Londa Manufacturing, dies at 81
Garry Holloway writes book filled with diamond Insider Secrets
– Calls for “rethink” of diamond grading
Argyle pinks go up for sale in Australia
Black-owned jewelry brand teaches kids how to run diamond business
Can a necklace be your friend?
– What exactly does this product offer?
– “Beyond parody”
-“Tamagotchi with a soul”
– “Worst parts of Fight Club and Beautiful Mind put together”
– Product intro sparks fight among founders
– Purported originator releases dis track
Antoine Arnault on LVMH’s Olympics partnership
Inside the Spanish village Elsa Peretti called home
In New York Times, Victoria Gomelsky interviews John Mayer about his watch collection
Gabby Thomas wins Olympic medal wearing sparkling diamond watch
Nancy Pelosi adds statement jewelry to blue power suit for TV appearance
J.D. Vance attacks Kamala Harris’ necklace choices
Pentagon may set up base in Botswana
Breitling CEO invests in skin care brand
Indian influencer Avneet Kaur slammed for breach of contract
Suspended lawyer’s fall continues with jewelry bust
Struggling veteran forced to sell jewelry—until story goes viral
Father and son find 2 ct. diamond at Arkansas state park
Sapphires form in volcanoes, not in Earth’s mantle
Media Watch
The Wall Street Journal says colored stones are getting more popular because of lab-grown diamonds. (Of course, there are also lab-grown colored stones.)
From the Podcast
The Jewelry District, Episode 127: Guest Constance Polamalu
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Have a great weekend.
(Photo: Getty Images)
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