Whitehall Jewelers, Inc., the wholly owned subsidiary of Whitehall Jewelers Holdings, Inc., said Monday that it has received two default notices, which have triggered a number of events with its lenders and vendors that may force the company to seek bankruptcy protection.

A fledging jewelry television shopping channel based in Texas announced that it will cease operations and lay off its entire staff of 106 workers.

Ramat Gan, Israel—The Israel Diamond Institute Group of Companies (IDI) has upgraded its Web site, Israelidiamond.co.il, to include new features and services for the diamond and jewelry industries.

Antwerp, Belgium—Elections are underway in Belgium to elect six representatives to the 12-person board of directors of the Antwerp World Diamond Centre (AWDC).

New York—Potomac Estate Jewelers, a Maryland-based purveyor of rare and unique pieces of estate and antique jewelry, has kicked off its first auction on the online iGavel site.

Washington, D.C.—Amid default notices from two suppliers and liquidity issues, Whitehall Jewelers Holdings Inc. is "considering various financing options and may seek protection under the federal bankrupty code," according to a form filed on Monday with the U.S. Securities and Exchange Commission (SEC) in Washington, D.C.

New York—The Jewelers' Security Alliance (JSA) has issued its "2007 Annual Crime Report," which indicates that crimes against jewelers continue to drop overall across the United States, although there was a significant uptick last year in off-premises crimes.

New York—Fashion mavens Mary-Kate and Ashley Olsen aren't limiting themselves to designing apparel these days. According to a story published yesterday by Women's Wear Daily, the famed twins are partnering with jewelry designer Robert Lee Morris to create a licensed jewelry collection.