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
Patek Philippe Says Chinese Demand Still Rising
President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.
Patek Philippe Says Chinese Demand Still Rising
President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.
News & Analysis
LVMH Watch Brands to Attend Baselworld 2019
The outgoing head of its watch division admitted the world's biggest trade show needs to make changes in 2020 and bring prices down for exhibiting brands.
LVMH Watch Brands to Attend Baselworld 2019
The outgoing head of its watch division admitted the world's biggest trade show needs to make changes in 2020 and bring prices down for exhibiting brands.
News & Analysis
Swiss Watchmaker Audemars Piguet to Boost Revenue by Taking Sales Inhouse
The luxury watch brand wants to totally control the distribution of its luxury watches, cutting out third-party multi-brand retailers within three to five years.
Swiss Watchmaker Audemars Piguet to Boost Revenue by Taking Sales Inhouse
The luxury watch brand wants to totally control the distribution of its luxury watches, cutting out third-party multi-brand retailers within three to five years.
News & Analysis
EBay Now Authenticates Luxury Watches
The online seller has expanded its Authenticate programme to include timepieces over $500.
EBay Now Authenticates Luxury Watches
The online seller has expanded its Authenticate programme to include timepieces over $500.
News & Analysis
Report: Swatch Quits Annual Baselworld Trade Fair
The Swiss watchmaker is quitting the annual trade fair, according to a local paper, calling time on an event that has been a fixture of the industry calendar for a century.
Report: Swatch Quits Annual Baselworld Trade Fair
The Swiss watchmaker is quitting the annual trade fair, according to a local paper, calling time on an event that has been a fixture of the industry calendar for a century.
Luxury
Luxury's Giants Look to Extend Their Winning Streak
This Monday, everyone will be talking about LVMH and Kering's upcoming financial results, the Swiss watch industry's rebound and new documentaries about Alexander McQueen and Kevyn Aucoin. Read our Cheat Sheet.
Luxury's Giants Look to Extend Their Winning Streak
This Monday, everyone will be talking about LVMH and Kering's upcoming financial results, the Swiss watch industry's rebound and new documentaries about Alexander McQueen and Kevyn Aucoin. Read our Cheat Sheet.
News & Analysis
Swiss Watch Exports Have Biggest Half-Yearly Gain Since 2012
Swiss watch exports had their strongest first half in six years, as demand for high-end timepieces rose in Asia and the US.
Swiss Watch Exports Have Biggest Half-Yearly Gain Since 2012
Swiss watch exports had their strongest first half in six years, as demand for high-end timepieces rose in Asia and the US.
Financial Markets
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
Technology
Bits & Bytes | H&M Tests Interactive Mirrors, Luxury Brands Use Apps for Event Spaces
This week, H&M tries facial recognition mirrors in its New York flagship store, while location finding apps become a growing phenomena for luxury brands.
Bits & Bytes | H&M Tests Interactive Mirrors, Luxury Brands Use Apps for Event Spaces
This week, H&M tries facial recognition mirrors in its New York flagship store, while location finding apps become a growing phenomena for luxury brands.
Luxury
Op-Ed | Richemont Is Quietly Becoming a Luxury Internet Powerhouse
Richemont’s Watchfinder purchase is a small deal that means a lot.
Op-Ed | Richemont Is Quietly Becoming a Luxury Internet Powerhouse
Richemont’s Watchfinder purchase is a small deal that means a lot.
News & Analysis
Richemont to Buy Watchfinder as Pre-Owned Watch Market Heats Up
Watchfinder, with about 200 employees, provides a platform to research, buy and sell premium pre-owned watches.
Richemont to Buy Watchfinder as Pre-Owned Watch Market Heats Up
Watchfinder, with about 200 employees, provides a platform to research, buy and sell premium pre-owned watches.
News & Analysis
Swiss Watch Exports Rise as Hong Kong Booms
Swiss watch exports rose 13.8 percent in April to $1.77 billion, while watch exports to Hong Kong swelled 43.4 percent.
Swiss Watch Exports Rise as Hong Kong Booms
Swiss watch exports rose 13.8 percent in April to $1.77 billion, while watch exports to Hong Kong swelled 43.4 percent.
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.