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.
watches
Fashion Week
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Global Markets
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Luxury
Inside LVMH’s Watch Week 2020
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
Inside LVMH’s Watch Week 2020
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
Luxury
Richemont Watch Sales Stall as Hong Kong Protests Bite
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
Richemont Watch Sales Stall as Hong Kong Protests Bite
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
News & Analysis
Op-Ed | Finding a Cheap Omega Watch Has Just Got a Lot Harder
The Swiss company said on Wednesday that its sales in the first half of 2019 were held back by cracking down on so-called “grey market” dealers, who sell stock at a discount.
Op-Ed | Finding a Cheap Omega Watch Has Just Got a Lot Harder
The Swiss company said on Wednesday that its sales in the first half of 2019 were held back by cracking down on so-called “grey market” dealers, who sell stock at a discount.
Luxury
The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
News & Analysis
Swiss Watch Exports Dropped in April
Swatch shares fell 44 percent in the past year, while Richemont declined 20 percent.
Swiss Watch Exports Dropped in April
Swatch shares fell 44 percent in the past year, while Richemont declined 20 percent.
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.
Luxury
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Luxury
Swiss Watchmakers Caught in the Middle of US-China Trade War
Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.
Swiss Watchmakers Caught in the Middle of US-China Trade War
Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.
Luxury
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
News & Analysis
Patek Philippe Chairman Says Company Is Not for Sale
The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.
Patek Philippe Chairman Says Company Is Not for Sale
The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.
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.