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Swiss Watch Exports Maintain Gloomy Streak
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Swiss watch exports saw their ninth consecutive monthly decline as US orders slipped and a fresh wave of European lockdowns cast a cloud over demand in the region.Global shipments fell 7% to CHF 1.88 billion ($2.07 billion) in October,...
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Watches
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Nov 19, 2020
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Rapaport News
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De Beers: Recovery to Extend ‘Well Beyond 2020’
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The diamond sector’s rebound from the Covid-19 crisis will feature ups and downs that will continue into next year at least, De Beers predicted.“The demand recovery is not expected to be linear, particularly as localized lockdowns...
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Retail
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Nov 10, 2020
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Rapaport News
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De Beers Sight Still On Despite Travel Ban
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De Beers’ upcoming sight in Botswana will still take place despite the country’s ban on arrivals from the US, China, India and Belgium, the miner has confirmed.“While this is an extraordinary situation and COVID-19 has...
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Rough Markets
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Mar 18, 2020
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Joshua Freedman
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Tiffany Holiday Revenue Rises as US Recovers
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Tiffany & Co. noted a “momentum shift” in the Americas during the holidays, as growth in the region contributed to an overall increase in sales for the season.Company-wide revenue climbed by 1% to 3% year on year for the period from November...
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Retail
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Dec 26, 2019
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Rapaport News
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Hong Kong Slump Disrupts Swiss Watches
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Swiss watch exports fell in November as orders from HongKong continued to slow. Shipments to all countries declined 3.5% to CHF 1.99 billion($2.03 billion) in November, the Federation of the Swiss Watch Industryreported last week. That mainly...
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Watches
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Dec 22, 2019
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Rapaport News
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Tiffany Sales Stall as Tourist Spending Dries Up
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Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
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Retail
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Dec 05, 2019
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Rapaport News
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Sarine Opens Japan Service Center
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Sarine Technologies has opened its first service center in Japan, offering Sarine Profile reports to the local diamond trade. The reports available from the Tokyo service center — which a local Sarine partner will...
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Retail
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Aug 29, 2018
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Rapaport News
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Royal Asscher Launches Flagship Store in Japan
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Royal Asscher has opened a new flagship boutique in Japan,its second standalone location in the country. The store, which is in Fukuoka’s popular downtown shoppingdistrict, Fukuoka Tenjin, will carry its limited-edition European Architecturecollection, diamond jewelry...
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Retail
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Aug 23, 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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Alrosa Upbeat on 1Q Diamond Retail Market
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Diamond-jewelry sales grew 7% in the main retail marketsduring the first quarter amid strong consumer sentiment and beneficial fluctuationsin exchange rates, according to Alrosa.Revenues increased 5% year on year in the US and Canada, thelargest consumer market,...
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Retail
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Jun 24, 2018
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Rapaport News
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Diamond Demand Hits $82B High – De Beers
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Global consumer demand for diamond jewelry grew 2% to anall-time record of $82 billion in 2017 amid a strong US market and a recoveryin greater China, De Beers reported Thursday.US demand rose 4% to $43 billion for the year as the...
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Retail
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May 17, 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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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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GIA to Launch Japan Education Program
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The Gemological Institute of America (GIA) is planning to open an educational campus in Tokyo featuring courses in gemstones and diamonds to help strengthen Japan’s industry, the organization announced.“The expansion of our activities with updated educational offerings will...
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Polished Markets
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Oct 09, 2017
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Rapaport News
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Asia Recovery Boosts Richemont Sales
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Sales at Richemont’s jewelry and watch brands jumped in theApril-to-August period amid a strong improvement in Asia.Revenue from “jewelry maisons” — Cartier and Van Cleef &Arpels — rose 16% year on year during the five months, the...
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Retail
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Sep 14, 2017
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Rapaport News
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De Beers Inks Japan Retail Grading Deal
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The International Institute of Diamond Grading &Research (IIDGR) has partnered with Japanese bridal-jewelry retailer I-PRIMO toprovide it with polished grading reports.The De Beers-owned laboratory will grade diamonds showcased at all 68 I-PRIMO stores in Japan, with...
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Retail
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Jun 12, 2017
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Rapaport News
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Chow Tai Fook Targets Tourists with Hawaii Launch
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Chow Tai Fook will open a store in Hawaii through apartnership with travel retailer DFS Group, a subsidiary of LVMH Moët Hennessy Louis Vuitton.The Hong Kong-based jeweler’s branded store will launch in TGalleria by DFS, a luxury...
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Retail
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Apr 24, 2017
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Rapaport News
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Chow Tai Fook Taps into Tokyo Tourism
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Chow Tai Fook will open its first branded store in Japan inan effort to reap the benefits of increased spending by Chinese tourists there.The Hong Kong-based jeweler will launch an outlet inside oneof 40 stores operated...
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Retail
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Mar 15, 2017
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Rapaport News
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Kering Watch Sales Lag in Tough Market
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Kering’s jewelry brands outperformed watches in thefirst half as revenue from timepieces extended a decline amid a challenging marketenvironment.Watch and jewelry sales fell 4.4 per cent from a year ago to an estimated $390 million (EUR 349...
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Retail
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Aug 01, 2016
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Rapaport News
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De Beers Earnings Gain from Higher Rough Demand
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De Beersrevenue and earnings increased in the first half as the miner benefited fromstronger rough demand, tighter cost controls and favorable exchange rates.Revenueadvanced 8.2 percent to $3.27 billion in the six months that ended June...
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Mining
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Jul 28, 2016
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Rapaport News
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