LVMH’s 2021 jewelry, watch sales double
Recently-acquired Tiffany & Co. put on a “record performance” in its first year with the luxury conglomerate.
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India’s diamond trading jumps in December
India’s polished-diamond exports rose 3% year on year to $1.77 billion in December as the market continued to strengthen during the climax of the holiday season.
China’s jewelry market sees another year of growth
Sales of luxury items in China jumped in 2021, with purchases of jewelry rising 35% as consumers continued to spend locally amid border closures, according to Bain & Company.
The vicious rough cycle
There were many factors behind the rough-diamond price hikes De Beers reportedly implemented this week. So much so that the move hardly surprised the market, even if it dominated discussions in trading and cutting centers and on online forums.
The pressure is on
The diamond industry has reason to be optimistic for 2022 after the excellent sales it witnessed last year. Fresh from the holiday season, the trade is justifiably upbeat as positive reports roll in about its bumper November and December period. The growth is a sure sign that consumers are connecting with jewelry for its emotional […]
Chow Tai Fook sales get bump from China market
Retail sales at Hong Kong-based jeweler Chow Tai Fook rose 31% year on year in the third fiscal quarter amid strong domestic consumption and the opening of new stores in China.
Longtime De Beers Exec Stephen Lussier Retires
Stephen Lussier, the legendary De Beers executive who currently serves as its executive vice president for brands and consumer markets, is leaving that role after 37 years with the company.
Jewelry sales jump 38% in Q3 for Richemont
Cartier, Van Cleef & Arpels and Buccellati were top performers for the luxury conglomerate over the key holiday season.
A 5th certification for the RJC COP 2019 crowns Rubel & Ménasché’s commitment and good practices
Officially dated January 17, 2022, Rubel & Ménasché has just validated its 5th certification with the Responsible Jewellery Council, for its 2019 Code of Practices. This certification follows an audit which was successfully completed on September 16, 2021. Here, we explain Rubel & Ménasché’s motivations.
‘The Enigma,’ a 555-carat black diamond, could sell for $6M at auction
The massive natural fancy black diamond will be offered without reserve at Sotheby’s next month.
Let’s celebrate life
Dear Readers, This week our Lettre focuses on jewelry and the retail sector.
Alrosa sells its best fancy color diamonds direct to investors
Alrosa is to expand its sale of polished fancy color diamonds direct to wealthy individuals.
