Most Popular Jewelry News Stories: Week of March 10

Email sent: Mar 15, 2014 9:02 am
Alex and Ani
CEO Resigns
Giovanni Feroce, the flamboyant former army major and state senator who oversaw Alex and Ani’s notable recent growth spurt, is leaving the company.
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Graff Diamonds Says Inflatable Cat Cost It $100,000 in Sales
Graff Diamonds San Francisco is suing the United Brotherhood of Carpenters and Joiners of America Local 22, claiming that the inflatable fat cat the union mounted outside its store significantly hurt Valentine’s Day sales.
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2.89 Carat White Diamond Found at Crater of Diamonds
A Louisiana resident found a 2.89 ct. white diamond at Crater of Diamonds State Park, after his mother-in-law urged a visit after seeing it on a reality show.
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CIRCA Buys Portero.com
CIRCA, which calls itself the largest buyer of jewelry from private customers, has now bought something else: Portero.com, the site that sells authenticated pre-owned luxury goods.
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Shareholder Sues to Prevent
Zale Acquisition by Signet
A Zale Corp. shareholder has filed a class-action suit to block the company’s proposed acquisition by Signet, charging the deal’s purchase price is “inadequate,” and the process was “flawed.”
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