Kering’s watch, jewelry segment takes a hit in Q1
Luxury conglomerate Kering was set to have a strong start to the year, but the coronavirus has weighed heavily on its business, sending first-quarter revenue falling double digits.
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Luxury conglomerate Kering was set to have a strong start to the year, but the coronavirus has weighed heavily on its business, sending first-quarter revenue falling double digits.
A month after it announced plans to postpone JCK Las Vegas and Luxury due to the spread of COVID-19, Reed Exhibitions has cancelled both shows for 2020.
As expected, luxury conglomerate LVMH recorded a steep drop in sales in the first quarter as the coronavirus forced the closures of its stores and factories worldwide.
Baselworld, the world’s largest watch and jewelry event, has been dealt another blow with the departure of four more luxury brands.
Chow Tai Fook’s sales slid in the fourth fiscal quarter amid sluggish consumer demand and store closures brought on by the coronavirus pandemic.
In the coming weeks, MCH Group will decide whether Baselworld—once the annual event for the global watch industry—has a future, or if it is out of time.
Press release – A new watchmakers’ trade show is being created in Geneva in collaboration with the Fondation de la Haute Horlogerie.
As the coronavirus pandemic continues, retailers are faced with a dilemma—how to reach out to customers without sounding tone-deaf to the crisis at hand.
Billionaire British jeweler Laurence Graff has launched a perfume range inspired by his 302.37-carat emerald-cut Lesedi La Rona diamond.
The iconic watches of the Maison Chaumet – Boléro, Hortensia Éden and Dandy – are available in new models this spring. At this time when the disrupted course of current affairs is almost all that is on anybody’s minds, it is a pleasure for us to sometimes be able to speak about something else, and to introduce […]
I know what you may be thinking: “Aren’t all diamonds easy to wear?” Well, they’re certainly easy to want, a desirable gem among a wide range of customer segments.
Press release – The Jeweler Support Network, made up of leading industry bodies, was created to assist independent and family-owned jewelry businesses amidst the COVID-19 pandemic.