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Gucci
Gucci Forays into High-End Jewelry
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...
Retail Jul 07, 2019 Rapaport News
HK
Hong Kong Luxury Sees Rare Drop
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...
Retail Jan 06, 2019 Rapaport News
MVI
How Retailers Can Entice Chinese Tourists
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...
Marketing Oct 17, 2018 Joshua Freedman
Hong Kong
Jewelry Sales Up in China and Hong Kong
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...
Retail Jul 03, 2018 Rapaport News
De Grisogono 150
High-End Slump Forces Layoffs at De Grisogono
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...
Manufacturing Apr 11, 2018 Rapaport News
Tiffany Holiday Sales Rise 8%
Tiffany Restores Growth in Strong Holiday Season
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...
Retail Jan 17, 2018 Rapaport News
Ruchita Sharma GJEPC
India’s GJEPC Hires Marketing Chief
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...
Marketing Jan 09, 2018 Rapaport News
Jewelry store
Jewelry Buyers Still Desire In-Store Experience
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...
Retail Dec 18, 2017 Rapaport News
Bulgari Serpent
LVMH Sees Strong Jewelry and Watch Growth
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...
Retail Oct 10, 2017 Rapaport News
Frank Everett
Sotheby’s Frank Everett U-Turns on Graff Move
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...
Polished Markets Aug 23, 2017 Joshua Freedman
Garrard Shanghai store
Garrard Launches First Shanghai Store
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...
Retail Aug 13, 2017 Rapaport News
Bulgari
Asia and Europe Boost LVMH Jewelry Sales
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...
Retail Jul 27, 2017 Rapaport News
Graff Diamonds heart
Graff Diamonds Intl. Sales Slide in 2016
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....
Retail Jul 12, 2017 Joshua Freedman
Cartier video commercial The Proposal June 2017
Cartier Releases New ‘The Proposal’ Films
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...
Retail Jun 21, 2017 Rapaport News
Forevermark De Beers diamond choke necklace
De Beers: Women Self-Purchasing More Diamonds
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...
Retail Jun 04, 2017 Rapaport News
Richemont Cartier 140
Jewelry Sales Shine for Richemont
. Jewelry sales at Richemont — owner of Cartier and Van Cleef & Arpels — increased 7% in the past fiscal year,standing out as a rare growth sector for the luxury group.Revenue from the category rose to $4.55 billion (EUR...
Retail May 14, 2017 Rapaport News
Bulgari Chinese NY store
Bulgari Boosts LVMH Jewelry Performance
LVMH Moët Hennessy Louis Vuitton’s watch and jewelry sales grew 14% in the first quarter as its Bulgari brand continued to gain market share. The luxury house saw double-digit growth across all its...
Retail Apr 12, 2017 Rapaport News
Kering Boucheron store
Kering Jewelry Sales Gain in 2016
Luxury group Kering reported a 2-percent rise in jewelry sales for 2016, attributing growth in its mid- and lower-range products.Revenue from Kering’s jewelry brands, which include Boucheron, Pomellato, Dodo and Qeelin, reached approximately...
Retail Feb 13, 2017 Rapaport News
Frederic Cumenal Tiffany
Tiffany CEO Cumenal in Shock Departure
Tiffany & Co.’s chief executive officer FredericCumenal has stepped down with immediate effect.Chairman and former CEO Michael Kowalski will take over fromCumenal as interim CEO, according to a statement on Sunday. Cumenal (pictured) has...
Retail Feb 06, 2017 Rapaport News
Jaeger-LeCoultre
Richemont Watch Brands Get New Leadership
Richemont announced the appointment of new heads at four differentbrands, including three luxury watchmakers.Chabi Nouri, currently managing director for marketing andsales at Piaget, will replace the timepiece brand’s CEO PhilippeLeopold-Metzger on April 1, a spokesperson for...
Watches Feb 02, 2017 Rapaport News
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