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The online giant is cutting back in some areas but, it pointed out, rapidly expanding in others.
The bracelet company has come back with its own breach of contract allegations.
Luker is president of Platinum Guild International.
These were the five most popular stories on National Jeweler last week, according to Google Analytics.
Improved consumer sentiment helped fourth quarter demand reach an eight-year high.
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Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.