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Asia Rebound Drives Kering Jewelry Sales
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Kering’s jewelry brands performed well in the third quarter of 2020 amid a recovery in the luxury-goods market in the Asia-Pacific region.“Despite their significant exposure to Western Europe and Japan, the jewelry houses held up well,” the...
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Retail
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Oct 26, 2020
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Rapaport News
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European Slump Weighs on Kering Jewelry Brands
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Kering reported weak jewelry sales during the first half of 2020 as a slowdown at its Europe-focused brands outweighed stronger figures in Asia.The group’s Boucheron and Pomellato brands suffered from their exposure to the Western European...
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Retail
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Jul 29, 2020
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Rapaport News
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Pandemic Drags Down Kering Jewelry Revenue
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Kering’s jewelry and watch divisions have been “hard hit” by COVID-19, dragging revenues down for the first quarter, the French luxury group reported Monday.The company, which owns Boucheron, Pomellato and Qeelin,...
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Retail
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Apr 23, 2020
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Rapaport News
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Graff Donates $1M to Fight Pandemic
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Diamond jeweler Graff will contribute $1 million to help at-risk countries stem the spread of the coronavirus.The company will give the money through its charity foundation to the COVID-19 Solidarity Response Fund, which was...
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Retail
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Apr 13, 2020
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Rapaport News
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China Showing Positive Signs, Says Kering
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Kering, the owner of Gucci, Saint Laurent and Boucheron, said demand in China was starting to recover, even as the effects of the coronavirus intensified in other locations.“The group is observing encouraging signs in mainland China, where the...
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Retail
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Mar 22, 2020
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Rapaport News
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Jewelry Proves Strong for Kering in 2019
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“asas” Kering, the owner of high-fashion houses Gucci and Yves Saint Laurent, reported robust sales in its jewelry and watch divisions in 2019, led by a strong performance in the Asia-Pacific region.“Performance was solid double-digit in jewelry...
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Retail
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Feb 13, 2020
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Rapaport News
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Gucci Pulls Out of Baselworld
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Gucci has become the latest major brand to skip this year’s Baselworld show, citing the new timing of the event as its reason for staying away, according to the fair’s organizers.The dates of the 2020...
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Retail
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Feb 04, 2020
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Joshua Freedman
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Pomellato CEO to Lead Altagamma Jewelry Unit
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Italian luxury-goods industry group Altagamma has appointedPomellato CEO Sabina Belli as vice president of its jewelry division. Belli will take on the role in addition to her responsibilities at Pomellato. She has been with the Kering-owned...
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Retail
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Dec 18, 2019
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Rapaport News
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Tiffany, Pandora Receive Top Sourcing Scores
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Tiffany & Co. and Pandora received high ratings on anannual list comparing responsible sourcing by the largest companies in thefashion industry. Tiffany garnered the top rating of AAA in the retail category for thefifth consecutive...
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Retail
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Dec 02, 2019
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Rapaport News
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Kering’s Jewelry and Watch CEO Exits
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Albert Bensoussan has stepped down as CEO of Kering’s luxurywatches and jewelry division, the French retail group said Wednesday.Bensoussan joined the owner of Gucci and Yves Saint Laurent in 2014, taking responsibility for its...
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Retail
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Nov 27, 2019
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Rapaport News
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LVMH Seals Tiffany Deal for $16B
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LVMH Moët Hennessy Louis Vuitton is set to acquire Tiffany & Co. for $16.2 billion, strengthening the Paris-based luxury group’sposition in the global jewelry market and increasing its US presence. “Tiffany [is] a company with...
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Retail
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Nov 25, 2019
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Rapaport News
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Kering Notes Strong Quarter for Jewelry
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Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported robust sales in its jewelry and watch divisions in thethird quarter amid growth in China and the introduction of new collections. “Jewelry delivered solid...
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Retail
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Oct 27, 2019
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Rapaport News
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Jewelry Growth Strong for Kering in 1H
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Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported solid growth in its jewelry and watch divisions in thefirst half of 2019, driven by increased sales in Asia Pacific and westernEurope. Revenue from houses...
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Mining
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Jul 28, 2019
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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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Groups Join Forces on Responsible Sourcing
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The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working Group (CGWG) will collaborate to help companies in theindustry implement responsible sourcing for gemstones such as rubies, emeraldsand sapphires.The groups will develop management tools...
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Gemstones
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May 22, 2019
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Rapaport News
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Jewelry Sales Solid for Kering in First Quarter
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Kering noted strong sales in its jewelry-and-watch divisionin the first quarter, amid growing Asian demand and a positive reception at the Salon International de la Haute Horlogerie (SIHH) fair in Geneva. “Jewelry delivered solid growth, thanks...
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Retail
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Apr 21, 2019
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Rapaport News
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Kering’s E-Commerce to Move In-House
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Kering, the owner of Gucci, Boucheron and Pomellato, plans to end its seven-year partnership with luxuryplatform Yoox Net-A-Porter (YNAP), and bring its e-commerce activitiesin-house. The Paris-based retailer, which has worked with YNAP...
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Retail
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Nov 27, 2018
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Rapaport News
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Kering Posts Strong Jewelry Performance
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Kering noted solid sales in its jewelry-and-watch division inthe third quarter amid a sharp increase in the luxury retailer’s group sales. “Watches and jewelry posted solid revenue growth,” thecompany said Wednesday. “New collections...
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Retail
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Oct 25, 2018
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Rapaport News
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Pandora Takes Top Spot for Responsible Sourcing
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Pandora topped an annual rating comparing responsiblesourcing by the 10 largest companies in the fashion industry. For the second year running, the jeweler ranked ahead ofluxury vendors, including Kering, Richemont, LVMH and Swatch Group...
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Retail
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Sep 04, 2018
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Rapaport News
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Kering Jewelry Growth Solid in 1H
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Kering, which owns high-fashion houses such as Gucci andYves Saint Laurent, reported solid growth in its jewelry and watch divisions inthe first half of 2018, driven by increased sales in Asia Pacific and NorthAmerica. “Accessories,...
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Retail
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Jul 29, 2018
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Rapaport News
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