This week: The Swiss watch market worries about Bernard Arnault. One in 10 Rolex watches is fake. And scientists remove gold from electronics using cheese. All below.

 

Gold price hits new record

– J.P. Morgan foresees another all-time high

 

The current state of the diamond market is…not good

– Indian industry seeks government support

– Paul Zimnisky: Inventory may rebalance in second half

 

Anglo plans to cut back diamond production

– “The big De Beers buyback”

– Why diamond mining isn’t dying

– “Blood on the streets” for South Africa’s small producers (audio)

– Country’s output hits 10-year low (audio)

 

U.S. still hopes for diamond traceability program

– Piecing together Russian diamond exports (video)

 

Signet stops using term recycled gold

 

Macy’s turns down $7 billion buyout

– Retailer’s investors not happy

– The Economist: Can anyone save Macy’s? (subscription)

 

Nordstrom could benefit from Saks-Neiman merger

– FTC might put a wrench in deal

– Shows “decreasing need” for large luxury stores

– Wall Street Journal profile of Richard Baker

– Industry pros share memories of Neiman’s

 

Chanel ends investment in French lab-grown company (subscription)

 

Luxury brands getting stung by Chinese economic slowdown

– Swiss watch market also being hurt

– Richemont watch sales fall but jewelry sales up

 

Swiss watch industry aims to fight Bernard Arnault

 

LVMH appoints new CEOs for Hublot, TAG Heuer

 

Bulgari promotes Laura Burdese to deputy CEO

 

Ewa Abrams named president of Kering Americas

 

Karen Rentmeesters becomes permanent CEO of Antwerp World Diamond Centre

 

RJC adds Elyssa Jenkins-Pérez, Effie Marinos to team

 

Great conversation between Paul Zimnisky and Maarten de Witte (audio)

– House of Diamonds CFO Ari Jain on Rapaport Diamond Podcast (audio)

 

Interview with Chow Tai Fook vice chair Sonia Cheng

 

Interview with founder of Kira Diam

 

Longtime D.C. jeweler Brian Mann dies at 70

 

Another diamond polisher dies by suicide in Surat

 

Charles & Colvard lowers compensation for top execs

 

New Etsy ad campaign prioritizes creators

 

One out of 10 Rolex watches is fake

 

Florida man charged with selling bogus Native American jewelry

 

Winnipeg police warn about gold scam

 

Was Wallis Simpson’s 1946 jewelry theft an inside job?

 

LVMH has already won Olympic gold

 

Surat manufacturer puts prime minister’s image on lab-grown diamond

 

Swarovski names Ariana Grande brand ambassador

 

Lupita Nyong’o visits Venetia diamond mine

 

Taylor Swift friendship bracelets attract luxury designers

 

Machine Gun Kelly gets vampire teeth studded with diamonds

 

Antiques Roadshow guest learns ring she found in sock is worth $20,000

 

Lab-grown necklace sells for $122,000 at auction

 

Scientists develop cheesy method to extract gold from electronics

 

Be careful wearing jewelry during a heat wave

 

From the Podcast   

The Jewelry District, Episode 126: John Mayer, Russian Sanctions, Richemont, Saks and Neiman, JVC

 

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Have a great weekend.

 

 (Photo: Getty Images)  

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