This week: Botswana wants Lucara and HB Antwerp to kiss and make up. Some consumers worry their lab-grown diamonds are too big. And a man’s seven daughters follow him into the jewelry business. All below.
2024 jewelry outlook: a volatile year ahead?
How are independents doing this holiday?
Edahn Golan: Everything to know about engagement rings this holiday
Paul Zimnisky: Diamond prices to make comeback in 2024
G7 will restrict Russian polished beginning in March
– India seeks “flexibility”
– Armenia worries about how they’ll be impacted
– Russian sanctions “beginning to work”
Indian industry to resume diamond imports after Dec. 15
Anglo American reducing De Beers overhead by $100 million
David Prager to leave De Beers
Botswana government wants Lucara to reengage with HB Antwerp (subscription)
– Lucara “seems to be using a lot of debt”
WSJ: The large size of lab-grown engagement rings has become an “embarrassment” (subscription)
Lab-grown diamonds: How do retailers handle buybacks and trade-ins?
Profile of the Jain jewelry traders in Antwerp
The price of gold sets new record
– Geopolitics and central banks will provide support for gold in 2024
– Surging gold price has Indians recycling jewelry for wedding
Signet’s sales fall, diamond prices stabilize
– CFO says engagement rebound is coming
– CEO Drosos on Mad Money (video)
– Earnings call transcript
Watches of Switzerland sees growth “flatten”
Walmart CEO says consumers may not be as resilient next year
Walmart and Target are looking similar these days
– Sign of a “new economic landscape”
Neiman Marcus turns down Saks’ $3 billion merger offer
Swarovski’s biggest store ever resembles a jewelry box
Why is Sears reopening some stores?
Watchmaker and jeweler Charriol relaunches fine jewelry
Breitling makes watch exclusively for Bucherer
Lashbrook sues Manly Bands for allegedly copying designs
Rolex Ripper documentary said to glamorize violent crime
Pantone’s 2024 Color of the Year: Peach Fuzz
A Tokyo designer captures memories in gems
The power of the horseshoe in jewelry
– How the hexagon shapes the jewelry world
Man’s seven daughters follow him into jewelry-making
Jewelry-designing sisters win Global Women in Business award
Gold bars featured in Bob Menendez bribery case linked to 2013 robbery
A ring Irving Berlin gave his wife heads to auction
Sotheby’s sold all of Mary Tyler Moore’s jewelry
Selena Gomez flaunts her diamond ring
Hear me on the Motley Fool podcast
Thanks for the shout-out, Instore
Media Watch
The Atlantic does (yet another) rewrite of Edward Jay Epstein 1982 diamond story
From the Podcast
The Jewelry District, Episode 110: NYC Jewelry Week, De Beers Code of Origin, Holiday Predictions
– Email: rbates – at – jckonline.com.
– Twitter: @robbatesjck
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Have a good weekend!
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