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Resurgent Jewelry Sales Lift Richemont
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Richemont’s jewelry sales increased 9% year on year in the third fiscal quarter as strong growth across most of its global network offset weakness in the European market.Jewelry proceeds from Cartier, Van Cleef & Arpels and...
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Retail
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Jan 20, 2021
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Rapaport News
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Kashmir Sapphire Beats Estimate at Bonhams
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Bonhams sold a Kashmir sapphire and diamond brooch for $1.1 million at its New York Jewels auction, bringing in more than double its low valuation and surpassing its high estimate.The cushion-shaped mixed-cut, 17.21-carat...
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Polished Markets
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Dec 08, 2020
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Rapaport News
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Jewelry Stands Out at Richemont
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Richemont’s jewelry sales outperformed the rest of the group in the three months ending September 30 as Chinese demand grew and consumers spent money online.Sales at jewelry maisons — Cartier, Van Cleef & Arpels, and Buccellati...
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Retail
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Nov 08, 2020
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Rapaport News
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Richemont Revenue Plunges as Stores Shut
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Sales at Richemont’s jewelry brands plummeted in the first fiscal quarter as the coronavirus forced the company to shut most of its stores in major markets.Proceeds from the group’s jewelry maisons, which include Cartier, Van Cleef...
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Retail
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Jul 16, 2020
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Rapaport News
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Graff Pieces Sell Out at Online Sotheby’s Auction
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Sotheby’s achieved $3.3 million at its online Fine Jewels auction, driven by proceeds from its sold-out collection of Graff pieces.The total beat the company’s high estimate of $2.8 million for the sale, the auction...
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Polished Markets
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May 04, 2020
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Rapaport News
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Robust Jewelry Sales Boost Richemont
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Richemont’s jewelry sales increased 9% in the third fiscal quarter as strong growth in Europe, the US and China offset weakness in Hong Kong.Jewelry proceeds from Cartier, Van Cleef & Arpels and Buccellati rose to EUR 2.16...
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Retail
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Jan 19, 2020
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Rapaport News
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Richemont Acquires Italian Jeweler Buccellati
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Swiss-based luxury retailer Richemont has bought high-endjeweler Buccellati from China’s Gangtai Group. Richemont, which also owns Cartier and Van Cleef &Arpels, closed the purchase of the 100% stake in the Italian jeweler...
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Retail
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Oct 02, 2019
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Rapaport News
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Diamond Ring Fetches $31K/ct. at Sotheby’s
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Sotheby’s brought in a total of $8.5 million at a New Yorkauction last week, as a 15.13-carat diamond ring more than doubled its high estimate. The pear-shaped, D-color, SI2-clarity, Marianne Ostier piecegarnered $475,000, or $31,395 per carat, against...
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Polished Markets
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Jun 10, 2019
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Rapaport News
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Chinese Group Buys Italian Luxury Jeweler
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Chinese conglomerate Gangtai Group agreed to acquire an85 percent stake in high-end jeweler Buccellati from Italian equity firmClessidra, Reuters reported.The deal valued the Milan-based jeweler at $282 million(EUR 270 million), or 6.6 times its...
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Retail
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Dec 25, 2016
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Rapaport News
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