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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.
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