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.
leather-goods
Latest News & Analysis
Luxury
Burberry’s CEO on Turning ‘Britishness’ Into a Global Language
Joshua Schulman reveals how he’s fuelling the brand’s turnaround with a more get-able take on British luxury and a new sense of urgency in the BoF-McKinsey State of Fashion 2026 report.
Burberry’s CEO on Turning ‘Britishness’ Into a Global Language
Joshua Schulman reveals how he’s fuelling the brand’s turnaround with a more get-able take on British luxury and a new sense of urgency in the BoF-McKinsey State of Fashion 2026 report.
Luxury
How Beat-Up Bags Became a Luxury Status Symbol
Bumps and scratches on a Birkin bag or Cartier watch are no longer repellent for a rising group of fashion consumers — they actually make the item more desirable.
How Beat-Up Bags Became a Luxury Status Symbol
Bumps and scratches on a Birkin bag or Cartier watch are no longer repellent for a rising group of fashion consumers — they actually make the item more desirable.
Retail
Why Everyone Suddenly Wants to Sell You a Handbag
As luxury brands stumble, new entrants ranging from Alo Yoga to Nili Lotan to Old Navy are launching their first bag collections. Is there room in the market for all of them?
Why Everyone Suddenly Wants to Sell You a Handbag
As luxury brands stumble, new entrants ranging from Alo Yoga to Nili Lotan to Old Navy are launching their first bag collections. Is there room in the market for all of them?
Beauty
Louis Vuitton Tests the Limits of Luxury Beauty With $160 Lipsticks
The range of 55 lipsticks, 10 lip balms and eight eyeshadow palettes will launch globally on Aug. 29 in select Louis Vuitton stores. At those prices, who’s buying?
Louis Vuitton Tests the Limits of Luxury Beauty With $160 Lipsticks
The range of 55 lipsticks, 10 lip balms and eight eyeshadow palettes will launch globally on Aug. 29 in select Louis Vuitton stores. At those prices, who’s buying?
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Marketing
From Critic to Craftsman: Tanner Leatherstein’s Next Chapter
The social media commentator, known for deconstructing and analysing the quality of leather handbags online, is joining Stow London as director of craftsmanship.
From Critic to Craftsman: Tanner Leatherstein’s Next Chapter
The social media commentator, known for deconstructing and analysing the quality of leather handbags online, is joining Stow London as director of craftsmanship.
Luxury
Bag Charms Selling for $1,000 Are Retail’s Next Little Luxury
Tapping into the viral bag charm craze is ‘sensibly opportunistic’ for luxury companies that might as well ‘make some money off the back of it,’ said Neil Saunders, managing director at analytics firm GlobalData.
Bag Charms Selling for $1,000 Are Retail’s Next Little Luxury
Tapping into the viral bag charm craze is ‘sensibly opportunistic’ for luxury companies that might as well ‘make some money off the back of it,’ said Neil Saunders, managing director at analytics firm GlobalData.
Sustainability
Are Luxury Brands Responsible for What Happens in Their Supply Chains?
An Italian union is seeking to hold Richemont legally accountable for alleged workers’ rights violations at a Montblanc supplier, as scandals linking brands like Dior, Armani, Valentino and Loro Piana to sweatshops draw more scrutiny to the sector’s sourcing practices.
Are Luxury Brands Responsible for What Happens in Their Supply Chains?
An Italian union is seeking to hold Richemont legally accountable for alleged workers’ rights violations at a Montblanc supplier, as scandals linking brands like Dior, Armani, Valentino and Loro Piana to sweatshops draw more scrutiny to the sector’s sourcing practices.
Luxury
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
More fake goods are making their way onto luxury e-commerce sites amid a rise in returns fraud. Rather than building an expensive authentication system, retailers are finding alternative measures to identify shady customers and maintain consumer trust.
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
More fake goods are making their way onto luxury e-commerce sites amid a rise in returns fraud. Rather than building an expensive authentication system, retailers are finding alternative measures to identify shady customers and maintain consumer trust.
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Marketing
Why the ‘Walmart Birkin’ Struck a Nerve
There are countless “dupes” for luxury goods available, but the fact that a copycat version of Hermès' ultra-coveted bag attracted so much attention online speaks to a shift in consumer sentiment around buying knockoffs.
Why the ‘Walmart Birkin’ Struck a Nerve
There are countless “dupes” for luxury goods available, but the fact that a copycat version of Hermès' ultra-coveted bag attracted so much attention online speaks to a shift in consumer sentiment around buying knockoffs.
Direct-to-Consumer
Telfar’s First Store: A Block Party for the ‘Bushwick Birkin’
More than 2,000 people showed up in SoHo on Saturday to celebrate the opening of the brand’s first permanent outpost – and add another of the sometimes hard-to-find tote to their collection.
Telfar’s First Store: A Block Party for the ‘Bushwick Birkin’
More than 2,000 people showed up in SoHo on Saturday to celebrate the opening of the brand’s first permanent outpost – and add another of the sometimes hard-to-find tote to their collection.
Global Markets
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
While the yen’s plummet drove a rush of international shoppers looking for bargains, Japan’s famously robust secondhand fashion market is set to keep growing even as the currency bounces back.
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
While the yen’s plummet drove a rush of international shoppers looking for bargains, Japan’s famously robust secondhand fashion market is set to keep growing even as the currency bounces back.
Sports
How Fashion Can Nail the Tricky Details of Sports Partnerships
As fashion’s interest in sports grows, brands are getting a crash course in the complicated world of sports sponsorships.
How Fashion Can Nail the Tricky Details of Sports Partnerships
As fashion’s interest in sports grows, brands are getting a crash course in the complicated world of sports sponsorships.
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.