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Podcast: Oversupply, Tariffs and Silver Linings
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As trade members return from their summer vacations, the Rapaport editorial team outlines the industry’s prospects for the rest of the year. It’s volatile out there with all the talk of recession, rumblings...
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Polished Markets
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Aug 22, 2019
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Rapaport News
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High Gold Prices Mute Titan Growth
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Indian jewelry retailer Titan Company cautioned that sales were lower than expected in its first fiscal quarter as high gold prices weighed on consumer spending. Sales from the jewelry division, which includes the...
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Retail
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Jul 09, 2019
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Rapaport News
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Jury Still Out on Baselworld
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Gem and jewelry exhibitors gave mixed responses tochanges at the struggling Baselworld show, with many stillundecided as to whether they would return to the trade fair.Visitor traffic was relatively light throughout thesix-day event, which...
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Polished Markets
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Mar 26, 2019
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Anthony DeMarco
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Hong Kong Luxury Sales Fall in December
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Retail sales of jewelry and other luxury items dropped in HongKong in December, amid the continued impact of global economic uncertainties onconsumer demand. Revenue from jewelry, watches, clocks and other valuablegifts fell 4.9% year...
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Retail
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Jan 31, 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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Baselworld Looks to Reduce Prices
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Baselworldis proposing to lower prices for exhibitors and visitors in an attempt toreinvigorate the annual watch and jewelry show. “Expensescrossed the pain threshold for many people in past years,” Baselworld CEOMichel Loris-Melikoff said in a statement...
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Watches
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Sep 12, 2018
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Rapaport News
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Hong Kong Powers Swiss Watch Exports
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Asian demand drove a 7% increase in Swiss watch exports in July,according to data the nation’s timepiece association released Tuesday. Total shipments rose to $1.84 billion (CHF 1.82 billion),the Federation of the Swiss Watch Industry reported. Orders...
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Watches
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Aug 22, 2018
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Rapaport News
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Watch Out, JCK: Swatch Just Left Baselworld
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The dramatic announcement that Swatch Group will not participate in the 2019 Baselworld exhibition was not surprising, despite its shock value. For some time now, exhibitors have expressed frustration with the...
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Polished Markets
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Aug 01, 2018
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Avi Krawitz
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Swatch Group Calls Time on Baselworld
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Swatch Group has quit Baselworld, arguing the watch andjewelry show is no longer relevant and its organizers are not interested inchanging it for the better.The Swiss group, whose 18 brands include Omega, Tissot andHarry...
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Watches
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Jul 30, 2018
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Rapaport News
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Tourism Increase Drives Hong Kong Jewelry Sales
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Sales of jewelry and other luxury goods in Hong Kong grew inthe first two months of the year amid stronger employment rates and increasedtourism. Sales of jewelry, watches, clocks and valuable gifts rose21% to $2.05...
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Retail
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Apr 04, 2018
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Rapaport News
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There’s Life in Baselworld Yet
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Baselworld 2018, which ended Tuesday, saw a year-on-yeardecline from 1,300 exhibitors to approximately 650, and was shortened fromeight days to six. Considering that the world’s largest watch and jewelry fairhosted 1,500 participants in 2016,...
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Watches
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Mar 28, 2018
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Anthony DeMarco
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Jewelry Sales Up Ahead of Chinese New Year
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Sales of jewelry and other luxury goods grew in both HongKong and China last year amid improved consumer sentiment. In Hong Kong, full-year sales of jewelry, watches, clocksand valuable gifts rose 5%, reaching $9.6...
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Retail
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Feb 04, 2018
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Rapaport News
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Asia Drives Growth in Swiss Watch Exports
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Swiss watch exports grew last year amid stronger demand fromAsian markets, the Federation of the Swiss Watch Industry reported Tuesday.Exports for 2017 increased 2.7% year on year to $21.29billion (CHF 19.92 billion). Shipments...
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Watches
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Jan 30, 2018
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Rapaport News
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Sotheby’s Names Head of Watch Auctions
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Sotheby’s has hired Sam Hines as worldwide head of its watchdivision — the auction house’s second senior appointment for its jewelry andtimepiece department in less than two months. Based in Hong Kong, Hines (pictured) will...
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Watches
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Jan 16, 2018
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Rapaport News
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Tiffany’s Strategy Exec to Leave
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Tiffany & Co.’s senior vice president of strategy and businessdevelopment Jean-Marc Bellaiche is set to leave the company at the end ofMarch, according to a Tuesday SEC filing. Bellaiche has been responsible for non-jewelry products,such as watches,...
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Retail
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Jan 11, 2018
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Rapaport News
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World Makes More Time for Swiss Watches
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Swiss watch exports continued to rebound in November as shipments to China grew by the highest margin in more than two years. Total exports across all watch categories rose 6% year on year to $2 billion (CHF 1.98billion), the Federation...
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Watches
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Dec 21, 2017
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Rapaport News
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Luk Fook Sees Further Growth in China
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Hong Kong-based jeweler Luk Fook is planning to accelerate its expansion in mainland China after seeing steady growth in the fiscal half-year that ended September 30.The company attributed its improvement to a successful new product strategy...
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Retail
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Nov 30, 2017
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Rapaport News
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Asia Keeps Swiss Watch Recovery on Track
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Swiss watch exports grew in October as demand from key Asianmarkets continued its recent upward trend.Total shipments increased 9% year on year to $1.86 billion (CHF1.85 billion) for the month, according to data the Federation of the...
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Watches
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Nov 21, 2017
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Rapaport News
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Baselworld Slashes Exhibitor Numbers in Half
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About half as many exhibitors will attend the shorter 2018 Baselworldwatch-and-jewelry fair compared to this year, after organizers scaled back the annualshow in response to difficult market conditions.The upcoming March edition will feature only...
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Watches
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Nov 15, 2017
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Rapaport News
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Asia Recovery Boosts Cartier, Van Cleef
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Richemont saw a sharp rise in jewelry sales inthe first fiscal half-year as Asian consumer demand recovered,the luxury groupreported Friday.Revenue from jewelry maisons — which include jewelry and watch sales at Cartier and VanCleef &...
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Retail
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Nov 12, 2017
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Rapaport News
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