Boucheron, the French luxury jeweler founded in 1858, has opened a new 3,900 sq ft Art Deco boutique on Madison Avenue, New York, blending American and French culture. It's the brand's first store on American ground. With a long history of prominent US clients, this marks a significant milestone for the brand's expansion in the US market.
For the first time, the French luxury brand Chaumet has launched a diamond necklace that you can trace all the way back to its rough version in light of its aim to provide clients with more transparency.
They made this possible by combining their savoir-faire with the technology developed by an expert in diamond tracing, Sarine. Because of this, it is possible to follow and visualise multiple stages in the life of each stone.
Good news from the US markets: watch and jewellery sales increased in July and exceeded forecast amid easing inflation and lower unemployment. The sales increase has reached 5.9 per cent and marking the highest figures yet in 2024.
This is a 2024 record since the US Department of Commerce corrected and lowered the figure for June from 6.2 per cent to 4.2 per cent. This marks the ninth consecutive month of increase after a year of declining sales.
Furthermore, July's increase continues a trend of rising year-over-year sales for the third straight month.
With the vision to expand the company in Southeast Asia and other markets outside of China and Hong Kong, Chinese jeweller Chow Tai Fook has hired Gabriela Ferreira as its new International General Manager. Ferreira, who previously held a senior role at Loewe, will focus on enhancing the Chow Tai Fook brand’s desirability and expanding its retail network in popular travel retail markets and areas with a strong interest in Chinese culture and art.
the Gemological Institute of America (GIA) has announced a pilot program for jewelry reports, which will include metal verification, links to existing loose diamond GIA grading reports and clarity, color and carat of other diamonds. Customers will be able to choose to add services such as new engravings or a 360° video. Interested parties can register on a waiting list.
According to the New York Post, jewellery retail giant Signet, started printing a buyer's warning on all of its Labgrown Diamond sales. The statement reads "Lab-created diamonds have the same optical, chemical and physical properties as natural diamonds. However, because lab-created diamonds can be produced in abundance, they are less expensive and make larger diamonds more affordable.
In a statement, Signet, one of the largest diamond retailers in the world and diamond miner De Beers announced they will be collaborating on a marketing project to boost demand for natural diamonds.
The world of high-end jewelry auctions recently witnessed a dazzling display of opulence and prestige, with events in both Hong Kong and Geneva showcasing exceptional diamonds, gemstones, and exquisite craftsmanship.
In the the latest Monthly Sales Survey, conducted by Instore Magazine, 146 jewelers were asked to compare their March sales with those of the same month last year. While some businesses experienced significant gains, others faced challenges. Here's a breakdown of the key findings:
Sales Performance Overview:
In the the latest Monthly Sales Survey, conducted by Instore Magazine, 146 jewelers were asked to compare their March sales with those of the same month last year. While some businesses experienced significant gains, others faced challenges. Here's a breakdown of the key findings:
Sales Performance Overview:
This year Lebanese Jeweler Fred Mouawad unveiled the newly crafted crown for the Miss Universe pageant following a 3-year partnership with The Miss Universe Organization.
Commenting on the relationship between the two entities, the jeweler stated, “the creative partnership draws on Mouawad’s strong heritage of designing jewellery for royalty and its reputation for crafting the extraordinary to craft exceptional, one-of-a-kind pieces befitting modern-day royalty.”
The Italian Exhibition Group is holding the annual jewelry trade show at the Vicenza Expo Centre in Italy, from Jan. 20-24, alongside T. Gold, the technology and machinery show. More than an estimated 1,200 brands from 33 countries will be present at the event, featuring a mix of new and returning jewelry designers.
VO Vintage, IEG’s vintage watch and jewelry show, will also return from Jan. 20-23, and is open to the public.
The show will welcome back key brands, including Damiani, Roberto Coin, and Crivelli as well as Fope, Leo Pizzo, Annamaria Cammilli, and Crieri.
With the imminent coronation of England’s newest monarch, Leviev Diamonds has unveiled “Empresses” — two rare, pristinely cut stones to pay tribute to Camilla, Queen Consort and Her Royal Highness Catherine, The Princess of Wales.
Molefi Letsiki is the chairman of the South African Diamond Dealers Club, executive committee member of The World Federation of Diamond Bourses and one of the founding members of Young Diamantaires. He is also the co-founder and former president of the South African Young Diamond Beneficiators Guild which aims to achieve increased diamond beneficiation of African produced rough diamonds, and ambassador of World Diamond Council systems of warranties.
Philips has set the auction date of December 13, 2022, for the sale of lot-139, a Fancy pink diamond Boodles Necklace, among other pieces.
Set with an oval fancy intense pink diamond weighing 4.05 carats, the chain highlighted with collet-set brilliant-cut diamonds, mounted in platinum, length approximately 18 1/8 inches, signed Boodles, case stamped Boodles. The piece is accompanied by a certified GIA report (no. 2155635097), stating that the diamond is Fancy Intense Pink, Natural Color, with VS2 Clarity.
A one-of-a-kind yellow and pink diamond ring showcasing the finest gems from Rio Tinto’s diamond mines has been unveiled in Sydney. Titled the Diavik Midnight SunTM, this statement piece is a powerful symbol of the union of two of the world’s most coveted jewels: yellow diamonds from Rio Tinto’s Diavik diamond mine in sub-Arctic Canada, and Argyle Pink DiamondsTM from the iconic mine in the remote East Kimberley region of Western Australia.
Phillips auction house in Hong Kong has announced that it will hold its Jewels and Jadeite sale on Nov. 27. The event will be putting some of the rarest diamonds (both colored and colorless), Burmese rubies, vivid yellow diamonds along with other items on the ballot. The highlight of the auction is a brilliant-cut 26.12 ct. unmounted diamond that’s expected to fetch between $2.3 million and $3 million. Not only is the stone considered the most chemically pure of all diamonds as a type IIa, it’s D flawless, which is regarded as the most coveted of the colorless diamond spectrum.
Selling to an undisclosed buyer at the Sotheby’s auction house in Hong Kong, the Williamson Pink Star diamond sold at 58 million dollars, fetching more than double the anticipated sales price. The pastel-hued diamond was named in honor of two other pink diamonds, the CTF Pink Star, which sold for $71.2 million in 2017, and the "Williamson" diamond, a pink diamond gifted to Queen Elizabeth II.
The pink colored 11.15-carat diamond is a rare find among gem quality stones and was discovered at the well-known Mwadui mines in Tanzania.
The “Watch & Jewellery Initiative 2030”, initiated last year by Cartier (Richemont) and conglomerate Kering, has appointed Belgian Iris Van der Veken, former Executive Director of the Responsible Jewellery Council (RJC), as Executive Director and Secretary General. Van der Veken’s task will be to set up a governance structure that can help the initiative to reach its goals, enabling participating brands and companies to achieve commitments regarding climate, diversity, health and safety, labor conditions etc.
According to CNN Business, lab-grown diamond jewelry sales are surging. But why is that? CNN asked a few diamond specialists to weigh in on this matter.
Independent diamond industry analyst Edahn Golan confirmed the increase. March data showed the number of sold engagement rings with a lab-grown diamond rose by 63% compared to last year, while the sales of engagement rings with a natural diamond declined by 25% in the same period.
This summer, French luxury house Balmain will debut their first fine jewelry collection of gender-neutral and socially conscious pieces. The company shared they would use ethically sourced 18-karat gold, “conflict-free minerals”, and traceable gemstones.
Tiffany & C° is on a roll adding yet another hip face to the list of brand ambassadors. Barely 18 years old, British Emma Raducanu conquered all hearts winning the US Open Grand Slam in New York two weeks ago and was instantly propelled into stardom.
According to Mastercard SpendingPulse, US jewelers can expect a very good holiday shopping season as they predict revenue from jewelry sales in the US between November 1 and December 24 will grow 59% compared to the same period last year. When they take the “75 days of Christmas” into account – from October 11 to December 24 – jewelry sales will climb 60% in comparison to 2020, they anticipate.
Following new outbreaks of the COVID-19 virus across the globe, the organizers of Watches & Wonders, Richemont backed Fondation de la Haute Horlogerie (FHH) have decided to cancel the live event, scheduled for beginning of April 2021 and replace it with an all online event.
Photo credits: Envato Elements
Five major watch brands, Rolex, Patek Phiippe, Tudor, Chanel and Chopard today announced they will be leaving BaselWorld. The exit follows a letter by Rolex topman Hubert du Plessix pleading for a refund for the brands set to participate in the canceled 2020 edition. In a joint statement, the brands announced they plan to start a new show, which remains unnamed, scheduled for April 2021, in conjunction with the organizers of Watches & Wonders (FHH).
Concern about the impact of the coronavirus on the diamond and jewelry trade is growing, not only in China, but also in the markets that supply China, like Hong Kong and India. Events have been concelled, retail sales have plummeted and the outbreak of the virus in China has already had a ripple effect on diamond supply chains as the death toll passes 1,000. And this is just the tip of the iceberg.
Swiss luxury jeweler de Grisogono, whose long-alleged history of shady deals with Angola was recently exposed by the International Consortium of Investigative Journalists (ICIJ) and 36 media partners, has filed for bankruptcy in Geneva, according to multiple news outlets. The jeweler is owned in part by the husband of Isabel dos Santos, the billionaire daughter of former president José Eduardo dos Santos, who is facing allegations of having pilfered Angolan state-owned companies. The company owes more than 1.4 million francs to its Swiss suppliers and is facing insolvency.
Retailers and importers across the US - including those in the diamond and jewelry trade - breathed a collective sigh of relief this past weekend following the announcement of a temporary trade truce between the US and China, and an agreement to reopen negotiations. This past weekend at the Group of 20 summit in Osaka, Japan, U.S. President Trump and President Xi Jinping of China agreed to a ceasefire that will forestall another punishing round of of $300 billion in tariffs Mr.