February 12, 2008 |
Environmentalists want you to buy organic roses, and human rights groups tout conflict-free diamonds. Now, just in time for Valentine's Day, jewelry retailers are stepping up a campaign that aims to discourage the mining and sale of "dirty gold." A group of prominent jewelers including Tiffany & Co.
February 3, 2008 |
In February 2006, a 4-year-old child changed the jewelry business. The little boy, brought to a Minneapolis hospital emergency room because of vomiting and a stomachache, got steadily worse. After four days, he died. During an autopsy, a heart-shaped metal charm was found in the stomach of the boy, whose identity wasn't revealed. The piece of metal had the word Reebok printed on it. The charm had come with a pair of children's sneakers. A test revealed it to be 99.1% lead.
March 21, 2007 |
Jewelry and accessories retailer Claire's Stores Inc. said Tuesday that it would be acquired by private equity firm Apollo Management for about $3.1 billion. Apollo would pay $33 a share for Claire's, which targets girls and young women with its baubles. Shares of Pembroke Pines, Fla.-based Claire's rose $1.12 to $31.88 after the announcement. Claire's said members of its founding family, who own about one-third of the company's voting shares, would support the deal.
March 13, 2007 |
Diamonds may be a girl's best friend, but when it comes to paying for the expensive sparklers, the boy's best friend may be Stephen D. Lux. Lux is a chemical engineer whose company, Gemesis Corp., turns out thousands of gem-quality yellow diamonds every month from a factory in Sarasota, Fla. Gem snobs may never go for them. But they're not fakes -- no cheap cubic zirconias, no moissanites these.
February 14, 2007 |
First it was organic fruits and vegetables. Then it was clothing manufactured outside of sweatshop conditions. Now, this Valentine's Day, the hottest item for the caring consumer is ethical jewelry -- diamonds, gold and silver that have been mined free of conflict and pollution. On the heels of the movie "Blood Diamond," several top jewelry retailers have pledged to support more socially responsible mining. A few companies have gone even further, selling recycled stones or diamonds from Canada.
December 8, 2006 |
The diamond industry had reason to fear "Blood Diamond." The movie, set in 1990s Sierra Leone, is two-plus hours of brutal violence and corrupt gem dealing -- opening smack in the middle of the biggest diamond-buying season of the year. Early on, its star, Leonardo DiCaprio, went on record saying he now forbids his dates to wear diamonds. Amnesty International and Global Witness took the opportunity to publicize human rights abuses.