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
Luxury
How a Farfetch-Richemont Deal Would Shape the Future of Luxury Online
This week, everyone will be talking about a possible partnership between Richemont and Farfetch, Prada’s Capital Markets Day and the arrival of products from Balenciaga and Gucci’s ‘Hacker Project.’
How a Farfetch-Richemont Deal Would Shape the Future of Luxury Online
This week, everyone will be talking about a possible partnership between Richemont and Farfetch, Prada’s Capital Markets Day and the arrival of products from Balenciaga and Gucci’s ‘Hacker Project.’
Luxury
Richemont Under Pressure
Cartier’s sales are booming, but its Swiss owner faces mounting pressure to clean house. Activist shareholders are likely to put governance issues and steep losses at YNAP into the spotlight.
Richemont Under Pressure
Cartier’s sales are booming, but its Swiss owner faces mounting pressure to clean house. Activist shareholders are likely to put governance issues and steep losses at YNAP into the spotlight.
The Week Ahead
Is LVMH’s Big Bet on Tiffany Paying Off?
This week, everyone will be talking about LVMH’s third-quarter results, Alexander McQueen’s London show and J.C. Penney’s new beauty strategy.
Is LVMH’s Big Bet on Tiffany Paying Off?
This week, everyone will be talking about LVMH’s third-quarter results, Alexander McQueen’s London show and J.C. Penney’s new beauty strategy.
Marketing
Decoding the New Tiffany
This week, a Tiffany campaign featuring Beyoncé, Jay-Z, a Basquiat painting and a 128.54-carat diamond offered a window into how LVMH is bringing its playbook to its largest-ever acquisition and the advantages and challenges of marketing brands rooted in the 19th century in today’s world.
Decoding the New Tiffany
This week, a Tiffany campaign featuring Beyoncé, Jay-Z, a Basquiat painting and a 128.54-carat diamond offered a window into how LVMH is bringing its playbook to its largest-ever acquisition and the advantages and challenges of marketing brands rooted in the 19th century in today’s world.
Entrepreneurship
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
Marketing
Unpacking Tiffany’s Contentious New Ad Campaign
The 184-year-old American jeweller is claiming it is “Not your mother’s Tiffany,” angering some customers on social media. That may mean everything is going according to plan for new owner LVMH.
Unpacking Tiffany’s Contentious New Ad Campaign
The 184-year-old American jeweller is claiming it is “Not your mother’s Tiffany,” angering some customers on social media. That may mean everything is going according to plan for new owner LVMH.
Luxury
The Future of Watches and Jewellery: Adapting to Rapid Change
The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.
The Future of Watches and Jewellery: Adapting to Rapid Change
The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.
China
The Battle for China’s $100 Billion Jewellery Market
International brands, domestic giants and unbranded jewellers are vying for a slice of China’s jewellery market, which is poised for double-digit growth.
The Battle for China’s $100 Billion Jewellery Market
International brands, domestic giants and unbranded jewellers are vying for a slice of China’s jewellery market, which is poised for double-digit growth.
Luxury
Mejuri: Drafting a New Sustainability Roadmap
Mejuri founder Noura Sakkijha explains why jewellery brands should look beyond existing frameworks to build a more sustainable future for a sector that has faced scrutiny over its impact on the environment and the welfare of its workers.
Mejuri: Drafting a New Sustainability Roadmap
Mejuri founder Noura Sakkijha explains why jewellery brands should look beyond existing frameworks to build a more sustainable future for a sector that has faced scrutiny over its impact on the environment and the welfare of its workers.
Luxury
De Beers: Taking Ownership of Its Legacy
Céline Assimon, the chief executive of De Beers Jewellers, finds herself navigating a 10-year responsible business plan while getting to grips with the group’s complicated relationship with lab-grown diamonds.
De Beers: Taking Ownership of Its Legacy
Céline Assimon, the chief executive of De Beers Jewellers, finds herself navigating a 10-year responsible business plan while getting to grips with the group’s complicated relationship with lab-grown diamonds.
Luxury
Christie’s: How Digital Is Driving Sales of Big-Ticket Items
As the leader of Christie’s luxury division, Aline Sylla-Walbaum has been at the forefront of a digital transformation that has driven a sharp rise in online sales for high-priced watches and jewellery.
Christie’s: How Digital Is Driving Sales of Big-Ticket Items
As the leader of Christie’s luxury division, Aline Sylla-Walbaum has been at the forefront of a digital transformation that has driven a sharp rise in online sales for high-priced watches and jewellery.
Luxury
Chow Tai Fook: Persuading Clients To Pay a Premium
At one of the biggest jewellers in the world, Kent Wong Siu-Kee is focused on mainland China and other dynamic Asian markets to persuade buyers of unbranded jewellery to instead choose Chow Tai Fook.
Chow Tai Fook: Persuading Clients To Pay a Premium
At one of the biggest jewellers in the world, Kent Wong Siu-Kee is focused on mainland China and other dynamic Asian markets to persuade buyers of unbranded jewellery to instead choose Chow Tai Fook.
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.