De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
jewellery
News & Analysis
De Beers Diamond Sales Plunge Again
Diamond miners are facing a mini crisis as demand remains weak, while supply, especially for smaller and cheaper stones, is abundant.
De Beers Diamond Sales Plunge Again
Diamond miners are facing a mini crisis as demand remains weak, while supply, especially for smaller and cheaper stones, is abundant.
Luxury
Tiffany & Co’s US Sales to Chinese Tourists Drop by 25%
The luxury jeweller's sales continued to fall as a trade war escalates between the two countries.
Tiffany & Co’s US Sales to Chinese Tourists Drop by 25%
The luxury jeweller's sales continued to fall as a trade war escalates between the two countries.
China
Tiffany Shares Fall as Tourism Spending Declines
Growing tensions between the US and China have taken a toll on the jewellery maker, with Chinese tourists spending less and the threat of higher trade tariffs looming.
Tiffany Shares Fall as Tourism Spending Declines
Growing tensions between the US and China have taken a toll on the jewellery maker, with Chinese tourists spending less and the threat of higher trade tariffs looming.
News & Analysis
LVMH Takes Majority Stake in Repossi
The French luxury group quietly added to its existing investment in the Italian fine jewellery brand last year, supporting international expansion.
LVMH Takes Majority Stake in Repossi
The French luxury group quietly added to its existing investment in the Italian fine jewellery brand last year, supporting international expansion.
News & Analysis
Pandora Has Tough Start to 2019
The world's most prolific jewellery maker is trying to hit the reset button after a rough two years.
Pandora Has Tough Start to 2019
The world's most prolific jewellery maker is trying to hit the reset button after a rough two years.
Financial Markets
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
News & Analysis
De Beers Says the Diamond Market Is Getting Better
The world’s biggest diamond company said poor demand for stones valued at less than $100 a carat has been due to a surfeit of supply, currency weakness in India and difficulty for gem cutter's seeking finance.
De Beers Says the Diamond Market Is Getting Better
The world’s biggest diamond company said poor demand for stones valued at less than $100 a carat has been due to a surfeit of supply, currency weakness in India and difficulty for gem cutter's seeking finance.
News & Analysis
Greek Jeweller Folli Follie Fined Again by Regulator
Previous reports stating that the company misrepresented sales sent its shares into a tailspin, prompted a legal investigation, a series of fines and executive resignations.
Greek Jeweller Folli Follie Fined Again by Regulator
Previous reports stating that the company misrepresented sales sent its shares into a tailspin, prompted a legal investigation, a series of fines and executive resignations.
News & Analysis
Louis Vuitton's Jewellery Designer Is Launching Her Own Line
Called Thief and Heist, Francesca Amfitheatrof's drop-driven concept aims to shake up the dusty business of branded jewellery.
Louis Vuitton's Jewellery Designer Is Launching Her Own Line
Called Thief and Heist, Francesca Amfitheatrof's drop-driven concept aims to shake up the dusty business of branded jewellery.
News & Analysis
Pandora's New Strategy Lifts Shares
The Danish jeweller, best known for its customisable charm bracelets, cut its 2018 sales outlook twice in consecutive quarters last year.
Pandora's New Strategy Lifts Shares
The Danish jeweller, best known for its customisable charm bracelets, cut its 2018 sales outlook twice in consecutive quarters last year.
News & Analysis
Can Tiffany Boost Its Gen-Z Cred?
Tiffany & Co. chief executive Alessandro Bogliolo talks to BoF about improving the jewellery sector’s traceability record, mining data to build digital customer profiles and finding the right balance between design novelty and brand consistency.
Can Tiffany Boost Its Gen-Z Cred?
Tiffany & Co. chief executive Alessandro Bogliolo talks to BoF about improving the jewellery sector’s traceability record, mining data to build digital customer profiles and finding the right balance between design novelty and brand consistency.
China
Swiss Watchmakers Brace for Slowing Chinese Demand
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
Swiss Watchmakers Brace for Slowing Chinese Demand
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.