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Lugano Diamonds CEO Resigns Amid Internal InvestigationMoti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
OtherJul 12, 2015
What you might have missed
A blog post on the diamond industry’s price problem and a story about what the U.S.’s largest retailers have in common were two of the top stories on National Jeweler last week.
Two stories about the diamond industry’s issue with oversupply and too-high rough prices made it onto National Jeweler’s most-read list for last week.
New York--Here are the top five stories on NationalJeweler.com from July 5 to 11, according to Google Analytics.
1. Whose fault is it anyway?
With rough diamond prices up while polished prices remain sluggish and global demand for diamond jewelry slumping, Editor-in-Chief Michelle Graff takes a closer look at who is to blame for the problems plaguing the diamond market in this blog post.
2. Omnichannel is the ‘new reality’ for retailers
Stores magazine released its annual list of the U.S.’s largest retailers, showing that the chains that are faring best are those that have learned to connect with customers both online and off.
3. Indian traders stop short of banning rough imports
India’s top diamond exporters decided against temporarily stemming the flow of rough into the country but have outlined a number of other measures that the trade there will take to deal with oversupply and lagging demand worldwide.
4. Mine that Tiffany tapped for yellow diamonds closes
Kimberley Diamonds Ltd. suspended operation of the Ellendale Diamond Mine in northwest Australia and put the subsidiary that holds the mining license into voluntary administration.
5. Video: How to tell if your store is being cased
Since nearly all crimes against jewelers are perpetrated by someone who has been watching the store, Jewelers Mutual has created a video to help retailers train their staff on the signs of casing.
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