This week: Mark Cuban sees the lack of differentiation in lab-grown brands. What will happen to Russian gold? And there’s apparently big demand for diamonds made from ranch dressing—but not from people. All below.
Tarnished Alrosa
– Deciphering the Russian diamond question
– Tiffany says it won’t source Russian diamonds
– Some Indians don’t want Russian goods blocked
– Indian dealers say ban will help organized crime
– Industry critics admonish India
– Belgium prime minister claims it never blocked diamond sanctions
– United Kingdom sanctions Alrosa
– How much will Alrosa be damaged?
– Alrosa has association with “group making nuclear weapons”
– Did Alrosa finance Russian submarine?
– Ian Smillie: Russian ban is just a “feel-good” exercise
– Diamond industry so far “untouched”
– The Guardian: Jewelry industry “silent” over Russian diamonds
– Russian diamonds are worse than conflict diamonds. They’re “World War diamonds”
– Russia’s invasion of Ukraine is befuddling the Kimberley Process
– Will Zimbabwe diamonds benefit?
– Can Russia sell its huge gold pile?
– Senators look to lock down Russia’s gold reserves
– G7 to crack down on Russia’s ability to sell gold (subscription required)
– Retailers weigh in to InStore
– Amazon is not sanctioning Russian sellers
How Madeleine Albright turned pins into a “diplomatic tool”
Diamond Foundry sues U.S. over Chinese tariffs
Two-thirds of Tiffany staff departed in year after acquisition
Tiffany calls Cartier trade secrets suit “bizarre”
Richemont sells its 20% stake in Swiss watchmaker Greubel Forsey
Christie’s selling 228 ct. “rock”
Auction house Bonhams announces second acquisition in a week
This rare colored diamond could sell for $6 million at Christie’s
Chinese retailer Chow Sang Sang enters lab-grown space
Why Mark Cuban wouldn’t finance a lab-grown company
Movie theater chain AMC invests in gold, silver miner
Swarovski opening new flagship on 5th Avenue
Will Signet hold the line on diamond prices?
– Yahoo Finance talks with Signet CEO Gina Drosos
– Signet is “ready for a slowdown”
– Signet’s stock struggling due to “macroeconomic challenges”
Get Diamonds gets new executive director
Gem Awards honor jewelry legends, industry talent
Rihanna plays coy when asked about diamond “engagement” ring
92 Street Y accepting applications for artist residency
The new trend: “grandmillennial jewelry”
L.A. police chief warns against wearing jewelry in public
Bride-to-be shows off engagement ring and everyone says something brutal
One out of three respondents think diamonds made from dead people is “creepy”
Ranch dressing diamond ring sells for $12,000
Thanks for the shout-out, InStore!
Media Watch
The New York Times on turning new jewelry into old, the new Oscar Massin brand, Kenyan designer Ami Doshi Shah, and the jewelry from Cleopatra
Syracuse University profiles Marla Aaron
From the Blog
Russia’s Invasion of Ukraine Has Befuddled the Kimberley Process
From the Podcast
The Jewelry District, Episode 65: Diamonds and the Russian Invasion of Ukraine
Have a great weekend.
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