WJA hosts Inaugural Women Executives Forum in NY

The Women’s Jewelry Association (WJA) held the inaugural Women Executives Forum in New York City aimed at businesswomen across jewellery and watch sectors, according to the report in WFDB.

Today

Nirav Modi of the PNB scam arrested in London; denied bail

Modi was arrested yesterday after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate of India for his extradition in a money laundering case.

Today

Alrosa wants majority stake to mine diamonds in Zimbabwe – report

Russian diamond miner Alrosa, which will be assessing the quality of Zimbabwe’s diamond reserves over the next six months, wants a majority stake to mine diamonds in the southern African country, according to a news report.

Yesterday

Diamond Fields auctions Namibian marine diamonds for $1.1 mn

Diamond Fields has sold 47,298.18 carats of rough diamonds from the ML111 licence offshore Namibia for $1.1 million.

Yesterday

Two distinct, contrasting sectors emerging in global rough diamond market – Lucapa

Lucapa Diamond said the global rough diamond market has divided into two distinct and contrasting sectors.

Yesterday

Has the DNA of Retailing Been Compromised?

07 march 2019
(RobinReport) - If you think brick-and-mortar stores are in turmoil because of the internet, you would be wrong. The recent closing of Lord & Taylor’s iconic Fifth Avenue store was not preordained by the impact of e-commerce. The real problem was its ownership. The real-estate investment powerhouse owners had little understanding of the retail industry – in particular what it takes to implement an executive structure to build a profitable retail business. This is surprising since the investors own other well-established international retail brands that are doing well. In my opinion, their strategy is to purchase retail stores for their real estate locations and the ultimate real estate value of each site. Retailing is just a sideline business. Thanks to 40-plus years of a successful and privileged retail career, I’ve been fortunate to have worked alongside some of the most amazing merchants and retailers who have built the industry’s impressive reputation. I can state with total confidence that a compromise in the industry’s DNA is precisely what has taken place.