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  • Former Tiffany exec Pam Cloud to head Blue Nile (TJW)

  • QVC is out of bankruptcy, headed by a familiar face (TJW)

  • Sasha Primak buys Gemlok (TJW)

  • Indian exports could be subject to 100% duty (TJW)

  • Diamond prices see best month since before tariffs (Rapaport)

    • De Beers sees early signs of diamond market recovery (Business Weekly Botswana)

    • Natural diamond jewelry sales rise, but lab-grown and colored stones rise more (TJW)

  • Natural Diamond Council head outlines plans to reignite diamond demand (GJEPC)

    • Diamonds try to chart “new path forward” (Vogue Business; subscription)
  • We underestimated lab-grown diamonds, Anglo’s CEO admits (TJW)

  • Israel’s diamond industry collapses as veteran traders become taxi drivers and money changers (Ynet)

  • India proposes tax exemption for overseas rough sellers (Rapaport)

  • Floods in Gujarat leave industry struggling (NDTV)

  • Gold price hits highest level since June (CNBC)

Commentary

  • Luxury resumes growth, but the boom years remain elusive (AFP)

  • Why we splurge on small luxuries when money is tight (Psychology Today)

  • Why are diamond sales tanking in Vietnam? (TJW)

  • Why branding may never work on diamonds (Uncut)

  • CVD lab-grown diamond prices fall below $80 a carat (LinkedIn)

  • “Why I say no when someone asks me for a lab-grown diamond” (Sarah Die)

  • As traditional industry is battered, lab-growns switch to tech (Forbes Africa)

  • Economist suggests Namibia “break away” from De Beers (Mining Insight News)

  • Edahn Golan charts De Beers’ 158-year history (Edahn Golan)

  • Thinking about the “Blood Diamond” movie, 20 years later (TJW)

  • World Gold Council: U.S. must crack down on illicit gold (The Hill)

  • How much gold is really in a solid gold luxury watch? (Forbes)

  • Gold is still in “explosive phase,” says Deutsche Bank (Morningstar)

  • The gold price is stuck, but gold miners are doing great (Kitco)

  • Does AI have a place in the jewelry design classroom? (Rapaport)

  • What makes a watch worth the money? (ScrewDownCrown)

  • LVMH is facing a “governance issue, not a succession one” (Forbes)

  • How Eddie Lampert drained $2 billion from Sears, left it with five stores (Unseen Billions)

Audio/video

  • The Diamond Dudes discuss luxury houses, mine closures, “underestimated” lab-grown (YouTube)

  • Jewelry ad of the week: Pandora (YouTube)

  • Kendra Scott CEO is seeing “surprising strength” with consumers (CNBC)

  • Jewelry “drives luxury rebound” (CNBC)

  • Podcasts with new Plumb Club president Stephen Lerche (In the Loupe and So Many Questions)

  • Look at Botswana president Duma Boko looking at Botswana’s very big rock (TJW)

  • Oprah Winfrey recalls how inspired she was watching Diana Ross sport a pair of diamond earrings (Instagram)

People news

  • Pandora names new former Signet board director head of North America (TJW)

    • Pandora CFO Anders Boyer steps down (PR)
  • Frederick Goldman appoints Beth Miller vice president of sales (LinkedIn)

  • Chris Watts, formerly of Watches of Switzerland, is now head of sales at Bremont Watch Company (LinkedIn)

  • Benjamin Siegel joins Hamilton Jewelers (TJW)

  • Jewelers Mutual appoints new board director (LinkedIn)

  • Armenian Jewelers Association East Coast names Ani Khachian as first female president-elect (National Jeweler)

  • Obituary**: Ellie Thompson** (TJW)

  • Richard Moore, co-founder of Polly’s Fine Jewelry, dies (News2)

  • John S. White, the former curator of the Smithsonian Institution’s department of mineral sciences and the founder of The Mineralogical Record, dies (McDougall Minerals)

  • Man sentenced for murdering boss at New York jewelry store (Pix11)

  • California woman fined $10,000 for selling counterfeit jewelry (Tribal Business News)

Company news

  • Brilliant Earth sales rise 5.7% in second quarter (TJW)

  • Jewelers Mutual, K5 invest in Luxe Software (TJW)

  • Etsy laying off 220 workers (TJW)

  • Birks to delist from NYSE American (TJW)

  • A growing number of Chinese luxury brands are threatening heritage houses (South China Morning Post; subscription)

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