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Podcast
Podcast: Oversupply, Tariffs and Silver Linings
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...
Polished Markets Aug 22, 2019 Rapaport News
Titan
High Gold Prices Mute Titan Growth
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...
Retail Jul 09, 2019 Rapaport News
Baselworld 2019 Hall 1
Jury Still Out on Baselworld
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...
Polished Markets Mar 26, 2019 Anthony DeMarco
Hong Kong retail
Hong Kong Luxury Sales Fall in December
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...
Retail Jan 31, 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
Baselworld
Baselworld Looks to Reduce Prices
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...
Watches Sep 12, 2018 Rapaport News
Swatch watch
Hong Kong Powers Swiss Watch Exports
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...
Watches Aug 22, 2018 Rapaport News
Harry Winston
Watch Out, JCK: Swatch Just Left Baselworld
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...
Polished Markets Aug 01, 2018 Avi Krawitz
Swatch
Swatch Group Calls Time on Baselworld
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...
Watches Jul 30, 2018 Rapaport News
Hong Kong 150
Tourism Increase Drives Hong Kong Jewelry Sales
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...
Retail Apr 04, 2018 Rapaport News
Patek Philippe Baselworld
There’s Life in Baselworld Yet
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,...
Watches Mar 28, 2018 Anthony DeMarco
Hong Kong Jewelry Sales 150
Jewelry Sales Up Ahead of Chinese New Year
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...
Retail Feb 04, 2018 Rapaport News
Parmigiani Swiss watch 150
Asia Drives Growth in Swiss Watch Exports
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...
Watches Jan 30, 2018 Rapaport News
Sotheby’s Grows Watch Team with New Chief
Sotheby’s Names Head of Watch Auctions
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...
Watches Jan 16, 2018 Rapaport News
Tiffany & Co Strategy Exec to Leave
Tiffany’s Strategy Exec to Leave
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,...
Retail Jan 11, 2018 Rapaport News
Bucherer
World Makes More Time for Swiss Watches
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...
Watches Dec 21, 2017 Rapaport News
Luk Fook Jewellery Macau
Luk Fook Sees Further Growth in China
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...
Retail Nov 30, 2017 Rapaport News
Swiss watches Rolex Breitling
Asia Keeps Swiss Watch Recovery on Track
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...
Watches Nov 21, 2017 Rapaport News
Baselworld
Baselworld Slashes Exhibitor Numbers in Half
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...
Watches Nov 15, 2017 Rapaport News
Richemont Cartier 140
Asia Recovery Boosts Cartier, Van Cleef
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 &...
Retail Nov 12, 2017 Rapaport News
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