Bankrupt chain retailers Friedman's Inc. and Crescent Jewelers made their initial distributions to unsecured creditors on Friday.

San Francisco--Web site eLuxury, a destination for high-end designer closeout apparel, shoes and accessories that's owned by Moet Hennessy Louis Vuitton LVMH, has closed down its retail operations and plans to convert to an "editorial destination" for information on the luxury market.

Morrisville, N.C.--Charles and Colvard Ltd., the sole manufacturer of Moissanite jewels, announced today that it has settled its lawsuit filed on June 16, 2008, against manufacturer K and G Creations.

Unity Marketing unveils findings of Luxury Interactive Conference and its annual luxury market report, The Luxury Report 2009: The Ultimate Guide to the Luxury Consumer Market.

New York--The Nielsen Jewelry Group has announced the return of Lee Arevian as show director for the Couture group of events.

Carlsbad, Calif.--The Gemological Institute of America (GIA) has 76 scholarships available for the 2010 calendar year.

Chicago--Blue Nile and Bidz.com are once again the largest online jewelry retailers, Internet Retailer's latest Top 500 Guide shows.

New York--Jewelry designer Anna Ruth Henriques is asking consumers to give a piece of their hearts to benefit Doctors Without Borders.

London--Award-winning fine-jewelry designer Stephen Webster has opened a new, flagship retail store in the heart of London's Mayfair district, on the fashionable Mount Street.

Eatontown, N.J.--"Diamonds at 22 West," a musical comedy set in New York City's famed Diamond District, will take center stage next month at a New Jersey playhouse.