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11/10/2024 12:34Over the month of September, jewellery sales in the United States increased over Labor Day weekend.
A year-on-year rise of 3,8% is recorded for September, which means a notable growth according to Mastercard SpendingPulse. General retail sales also saw a climb in their numbers, both online and in-store, and restaurants noticed an increase as well.
27/09/2024 10:12Boucheron, 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.
25/06/2024 06:51the 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.
23/05/2024 12:36In 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.
16/05/2024 17:15The 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.
26/04/2024 09:36In 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:
25/04/2024 20:51In 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:
29/03/2023 11:41Cartier, delegated by Richemont, and Kering launched the Watch & Jewellery Initiative 2030 driven by a common conviction that the UN Sustainable Development Goals (SDGs) and aspirations for a sustainable industry can only be achieved through collaborative initiatives. The global initiative is open to all watch and jewellery players with a national or international footprint. It is committed to a common core of key sustainability goals in three areas: building climate resilience, preserving resources, and fostering inclusiveness.
07/02/2023 16:06According to the National Retail Federation (NRF), consumer spending in the U.S. may reach as high as $25.9 billion this year on Valentine’s Day gifts ranging from gold jewellery to clothes to fine chocolates.
Of the nearly $26 billion, roughly 21% is forecast to be spent on jewellery, representing $5.5 billion. Clothing could fetch 19%, or around $5 billion.Overall, luxury goods retailers could be headed for a strong Valentine’s sales season if estimates prove accurate.
That would make 2023 the second-best year for sales since the NRF began tracking this data.
25/01/2023 11:20In the fully packed Teatro Palladio at Vicenzaoro, the reinvented design competition came to its conclusion with the announcement of winners in 3 design categories and the Global Winner of the overall competition. That ¬final honor falls upon the young and new talent Wang Xuerui from China. HRD CEO Ellen Joncheere also launched a new initiative to support young designers worldwide: the young Designers Community.
07/12/2022 10:39With 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.
29/11/2022 16:44Jewellery giant Luk Fook Holdings says its interim net profit increased slightly by 0.6% year-over-year to $84 million USD (HK$658 million) for the six-month period ending September 30, mainly due to a recovery of retail business in Hong Kong, which was most notably offset by a 21% drop in wholesale revenue on mainland China.
The retailing business remained the group's primary source of revenue, which benefited from declining gold prices and recovery of retail sentiment in some regions.
14/07/2022 09:49Last week, Van Cleef & Arpels revealed its Legend of Diamonds, 25 Mystery Set jewels. The process took four years to complete, from the moment Antwerp based diamond companies and manufacturers Taché and Samir Gems bought the 910ct, type IIa Lesotho Legend discovered at the Lesotho Letšeng mine, in 2018 to the 67 diamonds that were cut by Antwerp’s high-tech diamond polishing company Diamcad, to the creation of a bespoke Mystery Set collection of 25 unique pieces incorporating the polished stones.
06/05/2022 14:56According 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.
19/01/2022 14:20This 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.
29/11/2021 14:41Industry analyst Edahn Golan takes an in-depth look at US jewelry sales trends and sees a lot of indications it is going to be a terrific holiday season.
Reprinted courtesy www.edahngolan.com.
After a roller coaster 2020, 2021 continued the upswing in jewelry sales to a degree few if any expected. Sales in October rose 37%, and we expect holiday jewelry sales to top that and close a fantastic year for the industry.
21/09/2021 18:52Tiffany & 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.
16/09/2021 15:16According 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.
12/07/2020 09:31It was a matter of time before someone would do it, and diamond-studded face masks are the latest craze in India, Times of India reports. One jeweler came up with the idea when he had to create jewelry for a wedding and created the sparkling face masks for both bride and groom.
Photo credit: Envato Elements
10/02/2020 18:10Concern 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.
29/01/2020 11:22Swiss 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.
13/12/2019 14:31Tiffany & Co. launched its first-ever men's collection, Tiffany Men's, in October with a launch party in Los Angeles. They have now set up a Men's Pop-Up Shop on East 57th St. in New York City. The pop-up shop is open from December 5 through January 6.
17/08/2016 11:42Record high prices for gold (the price of gold rose 25% in the first half of 2016, its strongest performance in 35 years) has led to a record surge in H1 investment demand of 1,063.9t, which was 16% higher than the previous H1 high from 2009, as continued growth in Q2 2016 (+15%) brought total H1 gold demand to 2,335t - the second highest first half on record, according to the World Gold Council.