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
What Will LVMH’s Tiffany Look Like?
The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.
What Will LVMH’s Tiffany Look Like?
The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.
Retail
Pandora’s Fourth-Quarter Results Pick up Despite Continued Decline in Growth
The Danish jewellery company expects its sales growth to fall between 3 percent and 6 percent this year, an improvement from last year’s 8 percent drop.
Pandora’s Fourth-Quarter Results Pick up Despite Continued Decline in Growth
The Danish jewellery company expects its sales growth to fall between 3 percent and 6 percent this year, an improvement from last year’s 8 percent drop.
Luxury
What's Really Driving Success in the Fine Jewellery Market?
From Cartier to Boucheron, established houses are doubling down on entry-price, 'affordable' items in order to boost their top lines.
What's Really Driving Success in the Fine Jewellery Market?
From Cartier to Boucheron, established houses are doubling down on entry-price, 'affordable' items in order to boost their top lines.
Global Markets
World's Second Largest Jeweller to Close Some Hong Kong Stores
Chow Tai Fook is retreating from various protest-hit shopping districts including Causeway Bay, Mong Kok and Tsim Sha Tsui.
World's Second Largest Jeweller to Close Some Hong Kong Stores
Chow Tai Fook is retreating from various protest-hit shopping districts including Causeway Bay, Mong Kok and Tsim Sha Tsui.
Luxury
LVMH Reportedly Close to Buying Tiffany for $16.7 Billion
The world's largest luxury conglomerate and the American jeweller could reach an agreement as soon as Sunday evening and announce the deal on Monday.
LVMH Reportedly Close to Buying Tiffany for $16.7 Billion
The world's largest luxury conglomerate and the American jeweller could reach an agreement as soon as Sunday evening and announce the deal on Monday.
Luxury
Richemont Weathers Hong Kong Protests as Jewellery Picks Up
Sales at the group rose 9 percent to €7.3 billion in the first half of the 2019-2020 fiscal year, with net profit broadly stable at €869 million.
Richemont Weathers Hong Kong Protests as Jewellery Picks Up
Sales at the group rose 9 percent to €7.3 billion in the first half of the 2019-2020 fiscal year, with net profit broadly stable at €869 million.
Luxury
Tiffany Reportedly Asked LVMH to Raise Its $14.5 Billion Offer
LVMH reportedly remains engaged and is considering a new offer for the American jewellery retailer.
Tiffany Reportedly Asked LVMH to Raise Its $14.5 Billion Offer
LVMH reportedly remains engaged and is considering a new offer for the American jewellery retailer.
Retail
Pandora Cuts Sales Outlook After Poor Third-Quarter
Weakened customer demand, falling shares and political unrest in Hong Kong have hindered the jewellery brand’s attempt at relaunching.
Pandora Cuts Sales Outlook After Poor Third-Quarter
Weakened customer demand, falling shares and political unrest in Hong Kong have hindered the jewellery brand’s attempt at relaunching.
Luxury
Bulgari CEO Sees China Jewellery Sales Rising Despite Slowing Economy
The luxury jewellery company seeks to double profits over the next five years by expanding its brick-and-mortar footprint in China.
Bulgari CEO Sees China Jewellery Sales Rising Despite Slowing Economy
The luxury jewellery company seeks to double profits over the next five years by expanding its brick-and-mortar footprint in China.
Luxury
De Beers to Sell Lab-Grown Diamonds in Stores
The mining giant once opposed marketing synthetic stones to consumers but started selling them online last year under a new brand, Lightbox.
De Beers to Sell Lab-Grown Diamonds in Stores
The mining giant once opposed marketing synthetic stones to consumers but started selling them online last year under a new brand, Lightbox.
Luxury
De Beers Diamond Sales Fall 39 Percent in a Year
The jeweller's sales data indicates that 2019 is one of the worst years for the diamond industry in a long time.
De Beers Diamond Sales Fall 39 Percent in a Year
The jeweller's sales data indicates that 2019 is one of the worst years for the diamond industry in a long time.
News & Analysis
Richemont Buys Buccellati to Bolster Jewellery Business
The Swiss luxury-goods maker bought the Italian jewellery maison from Chinese investment company Gangtai Group for an undisclosed price.
Richemont Buys Buccellati to Bolster Jewellery Business
The Swiss luxury-goods maker bought the Italian jewellery maison from Chinese investment company Gangtai Group for an undisclosed price.
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.