This week: Is the Surat bourse a “dud”? Is Rolex too dominant? Is the “Mob wife” thing just a lot of hype? All below.
U.S. opts for “self-certification” to enforce Russian diamond ban
– European Union issues (somewhat tighter) requirements
– Statement from Canada
– World Federation of Diamond Bourses worried about G7 plan
– DMCC (and KP) chair Ahmed bin Sulayem blames Antwerp
Alrosa net profit drops 15%
New sanctions target Russian diamond exporter
Most jewelers still not checking for lab-growns
– Why that exposes them to risk (video)
France plays synthetic diamond “name game”
– Tom Chatham not happy
Surat bourse “turns out a dud” (subscription)
– The Sun takes us inside
Debswana sales down 25% in 2023
New York jeweler charged with wire fraud
Firestar Diamond trustee sues to undo deal (subscription)
UAE removed from financial watchdog’s “gray list”
Madagascar’s ex-president convicted of seeking bribes for mining licenses
Sierra Leone residents win right to sue mine owners
Namibian union protests against diamond cutters
Macy’s to close about one-third of its stores
– Turnaround “won’t recapture the old magic”
Jim Cramer calls Signet “a winner”
Zulily IP assets put up for sale
LVMH is tied to China
Rolex sales topped $17 billion in 2023
– Does Rolex dominance hurt rest of the Swiss watch industry?
– Rolex, Patek secondary markets gets more realistic
– Foundation that controls Rolex reshuffles board (subscription)
Indian fashion brand Kushal’s secures $34 million in funding
Central banks bulk up on gold
Kashmir sapphires may “dazzle the world again”
Ex–De Beers chair Cutifani to advise Diamond Standard
Former De Beers exec joins World Gold Council
Signet appoints former Cracker Barrel CEO to board
Nikia Levesque named vice president of WJA Foundation
Italian Exhibition Group appoints jewelry division manager
Eira Thomas to become chair of North Arrow
Heitor Barbosa, who discovered Paraiba tourmaline, dies at 90
Gem dealer Gary Ralph Hansen dies
South African billionaire Christo Wiese returns to diamond-hunting roots
JVC announces luncheon speakers
Brooches and diamonds made SAG Awards a show to watch
Upcoming Sotheby’s sale is like jewelry’s hall of fame
Sotheby’s MoonSwatch suitcases sell for over $600K
Medici family jewels head to auction
“Mob wife” is not a real trend
NYPD closing in on jewelry robbery crew
Beverly Hills jeweler sues Scott Storch
Actress in Kay Jewelers ad was a finalist on two reality shows
Harlem man inspired by African culture as jewelry designer (video)
Thrift store’s $24 watch may be a Gucci
Man finds pearl in his dinner
From the Podcast
The Jewelry District, Episode 116: Tucson, Russian Diamond Sanctions, an Instagram Suspension
Email: rbates – at – jckonline.com
– Twitter: @robbatesjck
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Have a good weekend.
(Photo: Getty Images)
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