This week: Why “retail therapy” works. G7 proposal may stop short of a Russian diamond ban. And check your vision by finding a diamond ring in a picture. All below.

 

Blackstone buys IGI lab for $569.65 million

 

Everledger to restructure following funder fallout

 

Will Forevermark last forever?

– De Beers curtailing diamond sales in weak market

– De Beers merges two sales after auctions disappoint

 

India’s diamond exports sluggish

– Gem & Jewellery Export Promotion Council chair on Indian industry (video)

 

G7 plans to track Russian diamonds, not ban them

– Official statement

– U.K. enacting Russian diamond ban

– BBC wonders: How effective?

– Surat nervous about sanctions

– Alrosa appoints new CEO

– Russian miner breaks silence

 

HB Antwerp wants more African diamond deals

 

Interesting times for lab-grown diamonds

– WD Lab Grown sued by the Plumb Club

– Adamas One faces delisting

 

Companies increasingly face greenwashing litigation

– U.K. regulator wants to ban most “carbon-neutral” claims

– Gucci no longer says it’s carbon-neutral

– Madagascar sapphire mine casts doubt on jewelry companies’ ethics (subscription)

– Report: Colombia gets little tax revenue from its emeralds (translation)

 

FTC Green Guides submissions from the Jewelers Vigilance Committee (finally posted) and Diamond Foundry

 

Can “recycled gold” ever be ethical?

– Christina T. Miller does a deep dive

 

Investors go “gaga for gold”

– Gold falls below $2,000

– Some see further losses

 

Why “retail therapy” is therapeutic

 

Paul Zimnisky: Self-purchase will boost U.S. diamond market

 

Why Richemont will always need retail partners

– Richemont says no to tie-ups with LVMH and Kering

 

LVMH’s “recession-proof” empire

– LVMH zeroes in on China for Tiffany overhaul

– Vogue profiles Alexandre Arnault, Tiffany “mastermind”

 

Former Tiffany exec Andy Hart joins Mejuri

 

Stuller moves three vets into C-suite

 

Jewelers Vigilance Committee hires new VP

 

Feriel Zerouki becomes president of World Diamond Council

 

Pure Grown Diamonds expands team

 

Indian regulator demands payment from Mehul Choksi

 

Former billionaire Nirav Modi borrowing to pay $150,000 fine

 

Louis Nchindo’s “ghost” haunts Botswana’s negotiations (subscription)

 

Owner of closed Las Vegas jeweler had prior conviction

 

Court convicts five men for stealing jewelry from museum

 

Danielle Bernstein denies jewelry copying claims

 

Quality Gold vice president Tony Marciano dies

 

Harry Levy, respected industry leader, dies

– World Diamond Museum pays tribute

 

Jewelers of America reveals 20 under 40 “rising stars”

– Professional Jeweller’s U.K. Power List

 

Ultra-rare Bulgari Laguna Blu diamond sells for $25 million

 

Art deco pendant by Cartier “soars past estimate” at Hindman sale

 

Christie’s selling 127 ct. D flawless “Light of Peace”

 

Holocaust survivors urge Tel Aviv mayor to pull out of Christie’s events

 

Are Swiss banks still hoarding Nazi gold?

 

Cartier criticized for using photos of Amazon tribe

 

Meghan Markle spotted in $200,000 of Princess Diana’s jewelry

 

Why African diamonds in King Charles’ crown are unlikely to be returned

 

Blackpink’s Lisa wears Bulgari emeralds

 

Kim Kardashian pays visit to Tiffany (video)

 

Will this be the “year of the sneaker” at JCK?

 

San Francisco jewelry stores turn to check cashing

 

Ring returned to owner 13 years after being flushed down toilet

 

Teacher surprised by boy’s gift of diamond earrings

 

Never-before-seen diamonds found in Canyon Diablo meteorite from outer space

 

You have 20/20 vision if you can spot the diamond ring in this picture

 

Media Watch

CBS News on lab-grown versus natural diamonds (video)

South China Morning Post on lab-grown diamonds

Financial Times on cartoon watches, gem setter Pierre Salanitro, watch brand FP Journe, Roger Smith’s $1 million pocket watch, and what defines a women’s watch

 

From the Blog

Will Forevermark Last Forever?

 

From the Podcast

The Jewelry District, Episode 95: Guest Lawrence Hess

 

Have a great weekend!

 

– Email: rbates – at – jckonline.com.

– Twitter: @robbatesjck

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