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JCK Las Vegas Canceled for 2020
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The 2020 JCK Las Vegas and Luxury shows have been canceled, the events’ organizer has confirmed, as the coronavirus continues to sweep across the globe.“This decision was made in response to the unprecedented challenges...
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Polished Markets
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Apr 22, 2020
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Rapaport News
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More Las Vegas Trade Fairs Canceled
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Emerald Expositions has canceled its Couture and Antique Jewelry & Watch shows amid restrictions due to the COVID-19 pandemic.The organizer scrapped the two events due to a government shutdown of unnecessary business operations, a moratorium...
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Polished Markets
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Apr 01, 2020
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Rapaport News
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JCK Postpones Las Vegas Shows
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The organizers of the JCK Las Vegas and Luxury jewelry shows have delayed the fairs due to growing concerns over the coronavirus.“Our top priority is the health and safety of our exhibitors, attendees, industry...
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Polished Markets
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Mar 18, 2020
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Rapaport News
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NY Shows Canceled as Outbreak Spreads
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Two additional industry events will not take place this month as fears of the coronavirus continue to escalate.Manufacturing Jewelers & Suppliers of America (MJSA) has postponed its Expo, while JA New York has canceled its...
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Polished Markets
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Mar 11, 2020
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Rapaport News
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JCK Las Vegas to Go Ahead
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The JCK Las Vegas and Luxury shows will take place as planned, their organizer has confirmed, allaying fears the coronavirus would jeopardize the events.“At this time of global concern, Reed Exhibitions and...
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Polished Markets
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Mar 04, 2020
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Rapaport News
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Gucci Forays into High-End Jewelry
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Luxury fashion house Gucci has made a move into high jewelrywith the inauguration of its first boutique and a collection by creativedirector Alessandro Michele. The store, which is dedicated exclusively to jewelry,opened on July 2 in Paris’s historic Place...
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Retail
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Jul 07, 2019
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Rapaport News
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Hong Kong Luxury Sees Rare Drop
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Retail sales of jewelry and other luxury items in Hong Kongdeclined for the first time in 17 months as global economic uncertainties impacted consumer sentiment.Revenues from jewelry, watches, clocks and other valuablegifts dropped 3.9% to HKD...
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Retail
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Jan 06, 2019
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Rapaport News
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How Retailers Can Entice Chinese Tourists
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You don’t have to be in China to sell to Chinese people.That’s the message from luxury marketing experts, who point out that tourists,students and immigrants from the world’s largest fine-jewelry consumer have ahuge impact on the...
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Marketing
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Oct 17, 2018
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Joshua Freedman
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Jewelry Sales Up in China and Hong Kong
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Sales of jewelry and other luxury items climbed in greater Chinain May, driven by improved consumer sentiment and a higher rate of tourism toHong Kong, according to government sources. In China, retail sales of gold, silver and jewelry...
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Retail
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Jul 03, 2018
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Rapaport News
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High-End Slump Forces Layoffs at De Grisogono
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Swiss-based luxury jeweler De Grisogonoplans to cut up to 41 positions after a challenging high-end market resulted inpoor sales.“Despite considerable investments and allthe efforts of employees, [salesof high jewelry] have not reached anticipated levels,due in part to challenging conditions...
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Manufacturing
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Apr 11, 2018
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Rapaport News
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Tiffany Restores Growth in Strong Holiday Season
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Tiffany & Co’s sales jumped 8% during the holidayseason amid a sharp improvement in US demand and a recovery in Asian markets,the luxury jeweler reported. Group sales grew to $1.05 billion during November andDecember, with comparable-store sales...
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Retail
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Jan 17, 2018
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Rapaport News
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India’s GJEPC Hires Marketing Chief
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The Gem & Jewellery Export Promotion Council (GJEPC) hasrecruited Ruchita Sharma as executive director for promotions, marketing andbusiness development, the Indian trade organization said Tuesday.Sharma, an experienced luxury marketer and executive, willalso...
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Marketing
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Jan 09, 2018
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Rapaport News
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Jewelry Buyers Still Desire In-Store Experience
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Consumers still prefer speaking with jewelers before makinga purchase, despite the recent rise in online purchases, a survey has found.Some 64% of people who bought jewelry visited a store to consultwith an expert while deciding what...
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Retail
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Dec 18, 2017
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Rapaport News
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LVMH Sees Strong Jewelry and Watch Growth
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LVMH Moët Hennessy Louis Vuitton’s revenue from jewelry and watches increased 8% year on year to $1.12 billion (EUR 951 million) in the third quarter. Overall group revenue jumped 14% to $12.26 billion (EUR 10.38...
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Retail
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Oct 10, 2017
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Rapaport News
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Sotheby’s Frank Everett U-Turns on Graff Move
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Sotheby’s jewelry executive Frank Everett returned tothe auction house last week after a brief stint at Graff Diamonds.Everett (pictured) left Sotheby’s at the end of June to join London-based Graff as its US salespresident, and on July 6 posted...
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Polished Markets
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Aug 23, 2017
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Joshua Freedman
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Garrard Launches First Shanghai Store
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Garrard has opened its first boutique inShanghai, the London-based luxury jeweler announced last week. To celebrate the launch, Garrard — whichhas been in business for nearly three centuries and served as Great Britain’s crownjeweler...
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Retail
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Aug 13, 2017
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Rapaport News
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Asia and Europe Boost LVMH Jewelry Sales
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Revenue from jewelry and watches at LVMH Moët Hennessy LouisVuitton jumped 14% in the first half, supported by growth in the Bulgari brandand resurgent demand in Asia and Europe.Sales for the division grew to $2.16 billion...
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Retail
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Jul 27, 2017
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Rapaport News
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Graff Diamonds Intl. Sales Slide in 2016
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Graff Diamonds International’s revenue and profit dropped last year, according to the luxury jeweler’s latest financials.Sales fell 10% to $569.6 million in 2016, while profit slumped 66% to $15.8 million, the recent filing showed....
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Retail
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Jul 12, 2017
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Joshua Freedman
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Cartier Releases New ‘The Proposal’ Films
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Cartier has followed up on its acclaimed “The Proposal”commercials by publishing two new videos on social media this week. The clips tell two separate stories of couples who meetby accident and — spoiler alert — develop a relationship...
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Retail
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Jun 21, 2017
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Rapaport News
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De Beers: Women Self-Purchasing More Diamonds
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Millennials are increasingly buying diamond jewelry forthemselves, helping drive retail sales in the US to record levels, according toresearch by De Beers.Sales of bridal jewelry have been stable in markets wherethere is a tradition of giving engagement rings, but other...
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Retail
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Jun 04, 2017
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Rapaport News
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