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Sales Rise at Cartier, Van Cleef
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Jewelry sales at Richemont — the owner of Cartier and VanCleef & Arpels — increased 10% in the past fiscal year, with growth in all regions and channels. Proceeds from the category rose to EUR 7.08 billion...
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Retail
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May 19, 2019
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Rapaport News
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Cartier, Van Cleef Sue Alleged Counterfeiter
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Cartier and Van Cleef & Arpels have filed a lawsuitagainst a Florida jeweler, claiming willful infringement on a number of theluxury jewelers’ famous trademarked collections. Scott King Inc., registered for business as Florida Diamond Brokers andKing...
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Financial-Legal
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May 13, 2019
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Rapaport News
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Watches of Switzerland to Go Public
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Watches of Switzerland will proceed with an initial publicoffering (IPO) on the London Stock Exchange in an effort to reduce its debt and support growth.The UK-based luxury-watch retailer plans to raise approximately GBP 155million ($201.6 million) by selling...
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Retail
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May 13, 2019
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Rapaport News
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Sotheby’s Garners $21.5M at New York Auctions
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Two Sotheby’s New York auctions brought in a combined $21.5million Wednesday, with a blue-diamond ring achieving the top price. The cut-cornered square modified brilliant-cut, 3.24-carat,fancy-intense-blue, VVS1-clarity diamond ring, flanked by two pear-shapeddiamonds, fetched $2.3...
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Polished Markets
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Apr 18, 2019
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Rapaport News
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Rare 25ct. Diamond to Lead Christie’s Geneva
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A storied diamond connected to the Oppenheimer family will be among the top lots at next month’sGeneva auction at Christie’s, with a presale estimate of $2.5 million to $3.5million. The rectangular-cut, 25.27-carat, D-color Jonker V ring will go underthe hammer...
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Polished Markets
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Apr 07, 2019
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Rapaport News
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Sotheby’s to Auction 3ct. Blue
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A fancy-intense-blue diamond ring with an estimate of $2.5million to $3 million is on track to be the top seller at Sotheby’s Magnificent Jewels auction in NewYork next month. The cut-cornered square modified brilliant-cut, 3.24-caratstone, flanked by two pear-shaped diamonds, will go under...
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Polished Markets
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Mar 27, 2019
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Rapaport News
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Blue Twin Diamonds to Lead Christie’s NY
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A twin-stone blue diamond ring will be the top lot at nextmonth’s Christie’s New York auction, with a presale estimate of $6 million to $8million. The piece, bearing two pear modified brilliant-cut, fancy-vivid-blue, VS2-clarity diamonds weighing 3.06...
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Polished Markets
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Mar 24, 2019
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Rapaport News
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Tiffany Provides Glimpse into Future Store Design
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With Tiffany & Co. refurbishing its flagship store on New York’s Fifth Avenue, there is a buzz of speculation on how the retailer plans to make the shop more interactive and appealing to millennials, as it has vowed to do....
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Retail
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Mar 19, 2019
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Joshua Freedman
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Lady Gaga Wears Yellow Tiffany Diamond to Oscars
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Actress and singer Lady Gaga sported a 128.54-carat yellowdiamond and platinum Tiffany necklace at the 91st Academy Awardsshow Sunday night. The Oscar winner wore the 141-year-old cushion-cut TiffanyDiamond — which originated in the Kimberley...
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Polished Markets
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Feb 25, 2019
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Rapaport News
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Jewelers of America Hires Membership Chief
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Jewelers of America (JA) has appointed Regina Ciarleglio asits new director of membership, the trade association said Friday. Ciarleglio, who will oversee JA’s membershipdevelopment and retention, has more than 25 years of experience in the...
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Polished Markets
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Jan 27, 2019
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Rapaport News
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Trade Sees Three New Appointments
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Three industry members have found homes in executivepositions at Jewelers’ Security Alliance (JSA), Jewelers Mutual Insurance Group and RoyalAsscher. Steven Kaiser was elected chairperson of the JSA board,replacing Stewart Wicht, the recently retired...
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Polished Markets
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Jan 21, 2019
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Rapaport News
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Chow Tai Fook Sales Dip on Economic Slowdown
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Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler's same-store sales fell in the three months that ended December 31. “A decline in same-store sales was recorded...
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Retail
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Jan 15, 2019
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Rapaport News
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China Drives Richemont Growth
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Richemont’s jewelry sales increased 9% in the third fiscal quarter,as strong growth in the Asia Pacific region offset weakness in Europe and the Middle East. Jewelry proceeds from Cartier and Van Cleef & Arpelsrose...
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Retail
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Jan 13, 2019
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Rapaport News
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3ct. Blue Sells for $1.4M at Fortuna
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Fortuna recorded its largest auction to date as a blue diamond ring fetched $1.4 million in New York earlier this month. The pear-shaped, 3.05-carat, fancy-intense-blue, SI2-claritydiamond ring surrounded by pink diamonds had a presale estimate of $1.2...
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Polished Markets
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Dec 13, 2018
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Rapaport News
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Tiffany Scores with Wealthier Immigrants
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Tiffany & Co., Swarovski and Pandora are the preferred jewelry brands among more affluent immigrants in the US, according to a survey by MVI Marketing. Researchers asked 702 Asian-American, Hispanic and Latino-American consumers with...
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Polished Markets
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Dec 11, 2018
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Rapaport News
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8ct. Bulgari Blue Diamond to Lead Christie’s NY
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A Bulgari diamond ring will be the top lot at next month’s Christie’s New York auction, with a presale estimate of $13 million to $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece will go under the hammer at the...
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Polished Markets
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Nov 11, 2018
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Rapaport News
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Richemont Sales Up Despite Asia Concerns
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Richemont’s jewelry sales increased 12% in the first fiscalhalf, though signs of weakening in Asia raised investor concerns.Jewelry proceeds at Cartier and Van Cleef & Arpels rose to EUR 2.45 billion ($2.77billion) in the six months...
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Retail
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Nov 11, 2018
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Rapaport News
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Blue Diamonds to Lead Sotheby’s Geneva Auction
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A blue diamond ring estimated at $9 million to$12 million will go under the hammer at Sotheby’s Geneva auction on November 15alongside a roster of rare colored diamonds.The rectangular-cut, 5.04-carat, fancy-vivid-blue piece is oneofthree blue diamonds set to feature at the...
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Polished Markets
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Oct 31, 2018
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Rapaport News
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Bonhams to Sell Rare Chameleon Diamonds
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Bonhams’s jewelry sale in Hong Kong will spotlight a rarenecklace featuring the largest collection of chameleon diamonds offered atauction, according to the company. The piece — which will lead the Rare Jewels andJadeite sale on November...
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Polished Markets
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Oct 31, 2018
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Rapaport News
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Richemont and Alibaba Bring Luxury to China
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Richemont has partnered with Alibaba Group to improve Chineseconsumers’ access to the Swiss retailer’s luxury platforms. Alibaba will provide the technology and infrastructure to helpRichemont sell to the Chinese market through its e-commerce sites,...
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Retail
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Oct 28, 2018
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Rapaport News
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