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
Bulgari to Focus on Local Customers as Covid Wipes Out Tourism
The LVMH-owned jeweller is especially focusing on China, where domestic consumers are seeking retail therapy as the pandemic continues to curb international travel.
Bulgari to Focus on Local Customers as Covid Wipes Out Tourism
The LVMH-owned jeweller is especially focusing on China, where domestic consumers are seeking retail therapy as the pandemic continues to curb international travel.
Luxury
LVMH Asks to Delay Tiffany Trial By at Least Six Months
The luxury conglomerate was sued last week for calling off its $16.2 billion acquisition of the American jeweller.
LVMH Asks to Delay Tiffany Trial By at Least Six Months
The luxury conglomerate was sued last week for calling off its $16.2 billion acquisition of the American jeweller.
Luxury
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Luxury
LVMH and Tiffany Push Back Deal Deadline
The French luxury goods giant and US jewellery chain will give themselves another three months to complete their $16.2 billion tie-up.
LVMH and Tiffany Push Back Deal Deadline
The French luxury goods giant and US jewellery chain will give themselves another three months to complete their $16.2 billion tie-up.
China
If You Aren’t Already Selling Jewellery in China, Now Is the Time
China was driving the global jewellery market long before the pandemic. Now the clock is ticking for smaller players who want to get a piece of the pie before big brands take an even larger share.
If You Aren’t Already Selling Jewellery in China, Now Is the Time
China was driving the global jewellery market long before the pandemic. Now the clock is ticking for smaller players who want to get a piece of the pie before big brands take an even larger share.
Luxury
Bulgari CEO Expects to Recover Lost Sales Within Two Years
The LVMH-owned luxury jewellery company is betting on a recovery in consumer demand, especially in countries like China which has seen an uptick in domestic spending.
Bulgari CEO Expects to Recover Lost Sales Within Two Years
The LVMH-owned luxury jewellery company is betting on a recovery in consumer demand, especially in countries like China which has seen an uptick in domestic spending.
Luxury
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
Luxury
Report: LVMH's Bernard Arnault Seeks Better Tiffany Deal
The $16.2 billion acquisition has yet to close, and sources said the luxury giant is looking to lower the purchase price.
Report: LVMH's Bernard Arnault Seeks Better Tiffany Deal
The $16.2 billion acquisition has yet to close, and sources said the luxury giant is looking to lower the purchase price.
Luxury
Tiffany Shares Plunge After LVMH Deal Is Questioned
Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
Tiffany Shares Plunge After LVMH Deal Is Questioned
Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
Luxury
How Will the Jewellery Market Weather Covid-19?
In the past, hard luxury has served as a form of universal currency during times of war and strife. But will the same be true in this pandemic?
How Will the Jewellery Market Weather Covid-19?
In the past, hard luxury has served as a form of universal currency during times of war and strife. But will the same be true in this pandemic?
Luxury
Tiffany & Co. Warns of Results Hit on Coronavirus Fears
The luxury jeweller said it had lost about half of its operating days in mainland China since the coronavirus outbreak.
Tiffany & Co. Warns of Results Hit on Coronavirus Fears
The luxury jeweller said it had lost about half of its operating days in mainland China since the coronavirus outbreak.
Luxury
For Fine Jewellery, Bigger Stones Are Better
High jewellery brands are increasingly obsessed with headline-making giant stones. But are they good for more than marketing?
For Fine Jewellery, Bigger Stones Are Better
High jewellery brands are increasingly obsessed with headline-making giant stones. But are they good for more than marketing?
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.