NEWS IN QUOTES: May 2010

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Who said what in the world of watches and jewellery.

“The magic allure of De Beers selected diamonds never ceases to work wonders.”
De Beers Diamond Institute president ANDREW COXON on the sale of a De Beers Millennium Blue diamond at Sotheby’s for £4.1 million.

“For the world to be scrapping more jewellery than it was making shows that the market was under extreme stress conditions last year.”
GFMS chairman PHILIP KLAPWIJK talks about the impact of the financial crisis on gold jewellery in 2009.

“Ebay deliberately misled consumers for profit, and unfortunately, the court has justified its actions. The consumer is the real loser today.”
Tiffany chairman MICHAEL KOWALSKI reacts as the jeweller loses a second court battle with eBay over the sale of counterfeit products.

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“Presenting small parts of our range out of the traditional black suitcases isn’t working anymore.”
Domino Jewellery managing director ANDREW MORTON as the manufacturer opens new facilities to entertain retailers in Birmingham’s Jewellery Quarter.

“This is a tax on jobs. It would add £220 million to retailers’ costs.”
British Retail Consortium director-general STEPHEN ROBERTSON on Labour’s manifesto pledge to raise National Insurance by a penny.

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