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
Luxury
The Week Ahead: What's the Point of a Watch Fair in the Digital Age?
This week, everyone will be talking about Baselworld, Levi's IPO and Hermès' menswear event. Read our BoF Professional Cheat Sheet.
The Week Ahead: What's the Point of a Watch Fair in the Digital Age?
This week, everyone will be talking about Baselworld, Levi's IPO and Hermès' menswear event. Read our BoF Professional Cheat Sheet.
News & Analysis
Swatch Confirms Permanent Withdrawal from Baselworld Watch Fair
As watchmakers increasingly rely on their own distribution networks, the industry's largest annual conference runs the risk of becoming obsolete.
Swatch Confirms Permanent Withdrawal from Baselworld Watch Fair
As watchmakers increasingly rely on their own distribution networks, the industry's largest annual conference runs the risk of becoming obsolete.
Luxury
Glass Sculpture's Increasing Presence in Luxury Retail Experiences
Canadian company Imagic Glass is riding a wave of demand for more elaborate stores as luxury retailers encourage consumers to forsake online shopping for brick-and-mortar experiences.
Glass Sculpture's Increasing Presence in Luxury Retail Experiences
Canadian company Imagic Glass is riding a wave of demand for more elaborate stores as luxury retailers encourage consumers to forsake online shopping for brick-and-mortar experiences.
News & Analysis
Swatch Sees Weakening Demand in the Critical Chinese Market
The results will likely spark concern that the watch rebound is fading.
Swatch Sees Weakening Demand in the Critical Chinese Market
The results will likely spark concern that the watch rebound is fading.
News & Analysis
Patek Philippe Watchmaker May Come Up for Sale
The Swiss watchmaker could fetch as much as $10 billion, according to industry observers.
Patek Philippe Watchmaker May Come Up for Sale
The Swiss watchmaker could fetch as much as $10 billion, according to industry observers.
Luxury
Report: Swiss Watchmakers Brace for Slowing Chinese Demand
Investors are on edge over a softening economic backdrop in China, and weak Chinese trade data on Monday sent shares in China-reliant luxury goods companies tumbling.
Report: Swiss Watchmakers Brace for Slowing Chinese Demand
Investors are on edge over a softening economic backdrop in China, and weak Chinese trade data on Monday sent shares in China-reliant luxury goods companies tumbling.
China
Swiss Watchmakers Brace for Slowing Chinese Demand
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
Swiss Watchmakers Brace for Slowing Chinese Demand
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
Chanel Sets Sights on Luxury Watchmaking
The luxury house is strengthening its position in the sector with recent investments in timepiece parts makers including small Swiss firm Kenissi.
Chanel Sets Sights on Luxury Watchmaking
The luxury house is strengthening its position in the sector with recent investments in timepiece parts makers including small Swiss firm Kenissi.
Luxury
Watches of Switzerland Plans a US Invasion
The UK’s biggest retailer of luxury Swiss watches is pushing into America with its glossy showroom model intent on luring investors as much as millennials, as hedge fund owner Apollo prepares for an exit.
Watches of Switzerland Plans a US Invasion
The UK’s biggest retailer of luxury Swiss watches is pushing into America with its glossy showroom model intent on luring investors as much as millennials, as hedge fund owner Apollo prepares for an exit.
Luxury
Ebay Polishes Plans for Online Second-Hand Luxury Watch Market
The platform is looking at luxury brand partnerships and tighter authenticity controls, in response to boosted second-hand online watch sales.
Ebay Polishes Plans for Online Second-Hand Luxury Watch Market
The platform is looking at luxury brand partnerships and tighter authenticity controls, in response to boosted second-hand online watch sales.
News & Analysis
IWC Wants Apple Watch-Loving Americans to Go Back in Time
The Swiss watchmaker plans to focus on the US market despite limited demand for luxury timepieces.
IWC Wants Apple Watch-Loving Americans to Go Back in Time
The Swiss watchmaker plans to focus on the US market despite limited demand for luxury timepieces.
Luxury
Luxury Stocks Might Be Affected by South Korean Airlines
Asiana Airlines will stop carrying commercial baggage on passenger flights bound for Hong Kong and mainland China.
Luxury Stocks Might Be Affected by South Korean Airlines
Asiana Airlines will stop carrying commercial baggage on passenger flights bound for Hong Kong and mainland China.
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.