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Stéphane Bianchi.
LVMH Watch Chief Takes On Jewelry Portfolio
LVMH has promoted Stéphane Bianchi to CEO of its watches and jewelry division, starting July 1. Since 2018, he has been CEO of watchmaking and of the French luxury group’s TAG Heuer timepiece brand.Bianchi will oversee...
Retail Jun 08, 2020 Rapaport News
Baselworld 2018 Hall 1
Baselworld 2021 Show Canceled
The organizer of Baselworld has called off the next edition of the show, scheduled for January to February 2021, following a revolt over timing and refunds.MCH Group said it had reached an agreement with exhibitors and...
Watches May 07, 2020 Rapaport News
Kering
Pandemic Drags Down Kering Jewelry Revenue
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,...
Retail Apr 23, 2020 Rapaport News
Rolex display window
March Shutdown Hits Swiss Watch Exports
Swiss watch exports slumped in March amid continued market pressures resulting from the coronavirus pandemic.Shipments slid 22% to CHF 1.36 billion ($1.4 billion) for the month, with most markets declining significantly, the...
Watches Apr 21, 2020 Rapaport News
Watches and Wonders 2019.
Geneva Watch Fair Canceled; Baselworld Still On
The organizers of the Watches & Wonders Geneva show have canceled the April event due to the coronavirus. Baselworld is still set to take place, as it stands.Switzerland’s Fondation de la Haute Horlogerie said it was its “duty” to anticipate...
Watches Feb 27, 2020 Rapaport News
TAG Heuer
Hong Kong Slump Disrupts Swiss Watches
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...
Watches Dec 22, 2019 Rapaport News
Martin Siegel
Hamilton Jewelers Mourns Martin Siegel
Martin Siegel, the chairman of Hamilton Jewelers who wasinstrumental in growing the US retailer’s brand, died on December 17, thecompany announced. He was 86. Born in New Jersey, Siegel joined his father’sfine-jewelry business on leaving the army...
Retail Dec 19, 2019 Rapaport News
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
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