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
News & Analysis
LVMH Watch and Jewellery Sales up More Than 10 Percent in 2017
Swiss-made luxury timepieces are emerging from a severe downturn as Chinese demand picks up and the industry's biggest market, Hong Kong, returns to growth.
LVMH Watch and Jewellery Sales up More Than 10 Percent in 2017
Swiss-made luxury timepieces are emerging from a severe downturn as Chinese demand picks up and the industry's biggest market, Hong Kong, returns to growth.
News & Analysis
Swiss Watchmaker IWC Opens Bar to Lure High-Spending Clients
IWC is experimenting with new ways of attracting shoppers, such as trying to sell experiences rather than just products.
Swiss Watchmaker IWC Opens Bar to Lure High-Spending Clients
IWC is experimenting with new ways of attracting shoppers, such as trying to sell experiences rather than just products.
News & Analysis
Swiss Watch Exports Have Biggest Monthly Gain Since 2013
The latest export figures underline the industry’s recovery after it exited its longest slump on record earlier this year.
Swiss Watch Exports Have Biggest Monthly Gain Since 2013
The latest export figures underline the industry’s recovery after it exited its longest slump on record earlier this year.
News & Analysis
Small Independent Watch Shops Are Doomed, Cartier Maker Says
Richemont's chief financial officer warned that consolidation of bigger players and an emerging online watch market places the traditional wholesale trade under threat.
Small Independent Watch Shops Are Doomed, Cartier Maker Says
Richemont's chief financial officer warned that consolidation of bigger players and an emerging online watch market places the traditional wholesale trade under threat.
News & Analysis
Op-Ed | To Reach Consumers, Richemont's New Leaders Need to Embrace Digital
In an increasingly volatile market, high-end brands need management that can handle the big challenges facing the luxury sector, not least, the growth of digital.
Op-Ed | To Reach Consumers, Richemont's New Leaders Need to Embrace Digital
In an increasingly volatile market, high-end brands need management that can handle the big challenges facing the luxury sector, not least, the growth of digital.
China
Luxury Watch Brands Optimistic for Chinese New Year
Hong Kong traditionally attracts mainland China tourists for shopping during the Chinese New Year season, which kicks off in February.
Luxury Watch Brands Optimistic for Chinese New Year
Hong Kong traditionally attracts mainland China tourists for shopping during the Chinese New Year season, which kicks off in February.
News & Analysis
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
News & Analysis
LVMH's Zenith CEO Embraces Taboos
New Zenith chief executive Julien Tornare is leading the latest attempt to revive the watchmaker as the industry recovers from the biggest slump since the quartz crisis.
LVMH's Zenith CEO Embraces Taboos
New Zenith chief executive Julien Tornare is leading the latest attempt to revive the watchmaker as the industry recovers from the biggest slump since the quartz crisis.
News & Analysis
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
News & Analysis
Watch Site Hodinkee Launches Print Magazine
The cult digital watch publication’s biannual print magazine will adapt its online coverage to a lifestyle-focused glossy.
Watch Site Hodinkee Launches Print Magazine
The cult digital watch publication’s biannual print magazine will adapt its online coverage to a lifestyle-focused glossy.
News & Analysis
Op-Ed | Swiss Watch Sparkle Could Be a Fickle Friend
While Swiss watch sales are in better shape than they were a year ago, Richemont and Swatch should be wary of thinking the recovery is assured.
Op-Ed | Swiss Watch Sparkle Could Be a Fickle Friend
While Swiss watch sales are in better shape than they were a year ago, Richemont and Swatch should be wary of thinking the recovery is assured.
Retail
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
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.