Aug. 11 Diamond Shavings: Your Net Roundup
This week: Massive watch retailers need to purchase shops, however nobody’s promoting. Amazon cuts dozens of private-label manufacturers. And a wedding proposal entails a pretend arrest. All beneath.
IGI’s longtime CEO Roland Lorie steps down
Good Earth’s gross sales rise, however earnings fall
– Earnings name transcript
– Good Earth buyers have misplaced 40% over last year
Edahn Golan: Jewellery gross sales down in July, lab-growns approach 50% mark
– Steven Singer provides away 100 lab-grown diamonds
Tapestry-Capri merger to create fourth largest luxury conglomerate
– Merger entails substantial debt
– Why LVMH isn’t worried
Report: LVMH seeking to purchase Bergdorf Goodman (subscription)
Saks delays payments to brands (subscription)
Neiman Marcus exec modifications factors to greater customer focus
– Neiman restructures corporate office (subscription)
Watches of Switzerland, Bucherer can’t discover stores to take over
Shopify, eBay, Etsy using artificial intelligence
Survey suggests TikTok is prime watch influencer
YouTube character Jaclyn Hill closes jewelry line
Digital interactions now common a part of a jewelry sale
Amazon cuts dozens of private-label brands
PC Jeweller: From shining star to insolvency?
The RealReal’s reset goals for smaller, more profitable business
James Avery claims Luca + Danni copied design
Jeweler pleads responsible to not reporting high-dollar money transactions
Report: OFAC holding $26 million in diamonds over Russia sanctions
(Some have disputed this report, and I hope to convey you extra on it subsequent week.)
Indian diamond merchants discover non-U.S. markets
– Surat diamond exports fall amid sluggish global demand
Lucara finds 1,080-carat diamond at Botswana mine
– Lucara sales drop
Lab-grown diamond market grows in Korea
Adamas One buys lab-grown producer, hires new VP
Sotheby’s faucets Geoffrey Hess to go Americas watch division
Interview with Ronald Winston about his father, Harry
Kim Worldwide founder dies
Rio Tinto constructing Canada’s largest photo voltaic plant to power Diavik mine
Can recycled gold be an ethical gold source?
“Greenwashing” changed by “greenhushing” (subscription)
Report: Diamond supplier Louis Liebenberg bankrolled Zuma’s legal quests (subscription)
The New York Occasions‘ “temporary historical past of bling”
A take a look at the “all-diamond” ring
Frederique Fixed’s stealthy success
Van Cleef & Arpels goes on grand tour
Pandora faucets actress Ashley Park as global ambassador
Rihanna wears a watch choker
Madonna attire up in corsets and diamonds
Bachelor in Paradise vet will get a lab-grown 4 ct. oval
9 watch manufacturers tech millionaires love
Which timepieces are worn in Barbie and Oppenheimer?
Jeweler accuses singer YK Osiris of stealing $20,000 Audemars Piguet
Bride tells mother-in-law her ring is “cursed”
Man fakes his arrest in marriage proposal
Miss Manners on political concerns when buying an engagement ring
From the Weblog
Interview With Ronald Winston, on His Father Harry
From the Podcast
The Jewellery District, Episode 101: Visitor Jeffrey Publish
Have an incredible weekend!
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(Picture: Getty Photographs)