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The Jewelry District

Episode 159: The Louvre Heist, Gold Price, and High Jewelry

The Jewelry District

JCK

Business News, Fashion & Beauty, Business, Arts, News

4.950 Ratings

🗓️ 5 November 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

In this week’s episode, JCK editor-in-chief Victoria Gomelsky and news director Rob Bates talk about the Louvre heist and the possible reasons behind it. They cover the gold price, which continues to soar, and jewelers’ and consumers’ sentiments about its enduring value. Victoria reports on the high jewelry scene in L.A., where she attended two events held by Bulgari and Boucheron. Finally, the touch on predictions about holiday spending (hint: it depends on who you’re talking about). Title sponsor: Jewelers Mutual (jewelersmutual.com) Sponsor: De Beers (adiamondisforever.com)

Transcript

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0:00.0

Welcome to the Jewelry District, a podcast by J.C.K. brought to you by Jewelers Mutual.

0:16.2

Today, Rob Bates and Victoria Gamalski talk about the Louvre Heist, Gold, and High Jewelry.

0:30.0

Hey, everyone.

0:31.4

Welcome to the Jewelry District.

0:33.3

This is Victoria Gamelski, editor-in-chief of JCPK and JCP Online.com, calling in from Los Angeles. And I'm with... Rob Bates, news director of J-C-K and J-C-Online.com, calling in from New York City. How you doing? I, to be honest, am a little hungover. I am truly... I'm kind of hurting. I'll explain why when we get to the thing I'm

0:56.0

going to talk about today. It was a good reason, but I've had kind of a tough morning.

1:01.3

It's 11 o'clock, so you must have had a good time. Yeah, it was, it was fun, and I will explain.

1:07.4

It was very much a fabulous jewelry event, so I'm looking forward to telling you about it. Then it's okay. Yes, exactly. I've explain. It was very much a fabulous jewelry event. So I'm looking forward to telling you about

1:12.1

then it's okay. Yes, exactly. I was all in the name of work and, you know, professional

1:17.8

objectives. I always say that when I'm hung over. Exactly, exactly. So yeah, I think people,

1:24.6

people can relate. We do a lot of parties in this business. So this was definitely among the more fabulous ones.

1:30.3

But it's part of a bigger conversation I'll have.

1:33.1

So I will save it until we get there.

1:36.1

How about you?

1:36.5

How are you doing?

1:37.4

I'm okay.

1:38.2

And I guess this will segue a little bit to our first story.

1:41.9

I'm going to the SIGO conference in Paris on Saturday.

1:46.0

So I'll be out for most of the next week when this runs. But we'll see what's going on there.

1:52.2

Because you haven't gone for a while. Tell me what inspired you to do this this year.

1:56.9

Well, first of all, Paris is hard to resist. And, you know, they basically invited me.

2:03.4

And, you know, there's going to actually be an interesting controversy in that Sibjo wants to mandate that all Labyrinth diamonds should be called synthetic.

...

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