Feb. 14 Diamond Shavings: Your Friday Web Roundup
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I’ll be on vacation next week, and this feature will not run then. Happy Valentine’s Day!
This week: Forget $3,000—could gold hit $3,500? Is it cool to customize your Rolex? And do NFL cheerleaders get Super Bowl rings? All below.
Tenoris: Jewelry sales soar in January
– NRF: Shoppers spent less last month
– Retail job cuts rise 20% in January
Diamond importers can self-certify “country of mining,” Customs says
– Rapaport expects regulation to change
Gold crashes past $2,900; is $3,000 next?
– Both a boon and burden for U.K. jewelers
– Chinese buyers opt to remodel gold pieces
– China’s central bank keeps on buying
– Why dealers are flying gold bars from London to New York (subscription)
– Forget $3,000. Is gold headed to $3,500?
Rolex calls time on Carl F. Bucherer brand, report says
– It also discontinues controversial Oyster Perpetual Celebration Dial
– Why Bucherer selling pre-owned Vacheron Constantin is “significant” (in German)
Swiss watch exports fell in 2024, for the first time in four years
– Yet watch prices still rise
Jewelry “healthy” at Kering despite difficult year
– Overall sales fall 12%
– Can Kering bounce back?
Chinese shoppers’ shift in mindset is “terrible” for luxury brands
Tucson sees light traffic, optimistic buyers
Diamond industry “at its breaking point”
Kay Jewelers leans into lab-grown engagement rings
Lab-grown company Ada Diamonds goes through “ownership change,” temporarily shuts stores
Indian minister calls lab-grown self-regulation “effective”
– Surat industry divided over lab-grown
– De Beers repositions in India amid increasing lab-grown sales
India’s Limelight Lab Grown Diamonds receives new funding
Luxe Software raises $2 million in seed funding
CaratLane expands offline
Diamond Foundry’s Spanish factory raises concerns over water use
Botswana “leaned on” Lucara for HB deal
– Lucara sells two big diamonds for $54 million
– Avi Krawitz has analysis (video)
Botswana predicts 3.3% growth after diamond market recovery
Endiama visits Venetia mine to share experiences
Petra Diamonds to slash 200 jobs
– Union calls cuts “barbaric”
In Louisville, Customs seized 28 counterfeit jewelry shipments in January
Mehul Choksi in Belgium for cancer treatment, lawyer says
Jewelry-maker found guilty of selling fake Charles Loloma pieces
Man attempts to steal $1.5 million in jewelry from Macy’s
California tax department prints new guidance for jewelry stores
Los Angeles jeweler donates engagement rings to fire victims
How flying a plane gives this jeweler’s business a lift
H. Moser opens first U.S. boutique
Louis Vuitton playing “long game” in watches
Tiffany’s watch director shapes new story
Is it cool to customize your Rolex?
New York Times (by Victoria Gomelsky): How much power do watch collectors have?
Jewelry designer turns to watch hands
Designers elevate everyday objects into luxury jewels
Why large watches are still big
Alex and Ani founder collaborates with Long Island Medium on Divinely Guided jewelry collection
SRK announces reduction in greenhouse gases
Qatari royal loses lawsuit over “Idol’s Eye” diamond
Investigators close in on gang that stole sports stars’ jewelry
Men’s jewelry starred at the Super Bowl
– Kendrick Lamar’s lowercase “a” necklace, explained
– Taylor Swift rewore sentimental jewels
Do NFL cheerleaders get Super Bowl rings?
Meghan Markle opts for “minimalist” jewelry at Invictus Games
– Poll votes Markle best celebrity engagement ring
Fred Savage becomes watch entrepreneur
Ad campaign highlights jewelry women can’t wear in Pakistan
U.K. chain Poundland selling £1 engagement rings
Ghirardelli sells “chocolockets”
Marion Fasel talks about the history of engagement rings
British Vogue’s 10 books every jewelry lover should own
Media Watch
The New York Times’ Alex Cuadros editorial on problems with the Kimberley Process turns into a synthetic diamond advertorial. Yes, the KP has considerable issues, but it is not impossible to track diamonds. I hope the paper of record runs a correction.
From the Blog
How Flying a Plane Gives This Jeweler’s Business a Lift
From the Podcast
The Jewelry District, Episode 140: LVMH Watch Week, Tiffany, Tucson, Bernie Robbins
Email: rbates –at – jckonline.com
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(Photo: Getty Images)