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Phillips Feng J 150
Feng J Diamond Jewels to Lead Phillips Sale
Phillips will feature two diamond pieces by Chinese jewelry designer Feng J at an auction later this month, estimating they will fetch up to $5.8 million combined.The Jardin de Giverny, a diamond and gem-set necklace featuring a 19-carat, fancy-light-pink...
Polished Markets Nov 08, 2020 Rapaport News
Christies Geneva Graff Brooch 150
Christie’s to Offer 107ct. Yellow Diamond
Christie’s will offer a brooch by Graff containing a 107.46-carat, fancy-yellow diamond at its Geneva Magnificent Jewels auction.The piece, which features the brilliant-cut stone surrounded by white diamonds, is estimated to fetch up to CHF 3.3 million ($3.6 million)...
Polished Markets Oct 26, 2020 Rapaport News
LVMH 150
LVMH Jewelry and Watch Revenue Slides
LVMH’s jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.Revenue for the category fell 14% to EUR 947 million ($1.11 billion) for...
Retail Oct 18, 2020 Rapaport News
Bulgari store in Ginza, Tokyo.
LVMH Revenue Dives as Tourism Dries Up
LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.The category endured the...
Retail Jul 28, 2020 Rapaport News
Houruniverse
Baselworld Owner Creates New Trade Show
Baselworld owner MCH Group has established Houruniverse, a new trade fair for the watch, jewelry and gemstone industries that will run virtually throughout the year and feature an annual live event.Buyers and...
Polished Markets Jul 27, 2020 Rapaport News
Phillips
Phillips Hong Kong Auction Garners $6M
A Colombian emerald and diamond ring was the top seller at Phillips in Hong Kong, leading the $6.1 million auction.The piece, which features a step-cut, 21.52-carat emerald flanked by two half-moon diamonds, fetched $1.2 million...
Polished Markets Jul 14, 2020 Rapaport News
Growing up with Gen Z
Growing Up with Gen Z
Despite all the nights of lost sleep over whether millennials will still want to buy diamond jewelry, it turns out this group is not so dissimilar to previous generations. Generation Z, though — now aging into relevance — is a different...
Polished Markets Jun 16, 2020 Rachael Taylor
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
Sotheby's
Graff Pieces Sell Out at Online Sotheby’s Auction
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...
Polished Markets May 04, 2020 Rapaport News
Bulgari store London
LVMH Pulls Out of Baselworld
LVMH has withdrawn its four watch and jewelry brands from the 2021 Baselworld show after several other industry heavyweights quit the event.Bulgari, TAG Heuer, Hublot and Zenith will instead take...
Watches Apr 20, 2020 Rapaport News
LVMH
Bulgari Endures First-Quarter Decline
LVMH saw a slump in jewelry and watch sales in the first quarter as the COVID-19 pandemic led to the closure of most of its global stores.Revenue for the category fell 24% to EUR 792 million ($861.3 million)...
Retail Apr 19, 2020 Rapaport News
LVMH Updat
LVMH 1Q Revenue Could Fall up to 20%
LVMH expects its revenue for the first quarter to drop as the coronavirus outbreak has led to the closure of many of its stores.“The measures taken by public authorities to combat the COVID-19 pandemic have resulted in the...
Retail Mar 30, 2020 Rapaport News
Baselworld
Baselworld Canceled Due to Coronavirus
Baselworld has called off this year’s fair after Swiss authorities banned large-scale events because of the coronavirus.Show organizer MCH Group has postponed the event — which had been scheduled to take place April...
Watches Mar 01, 2020 Rapaport News
Bulgari store 150
Bulgari Is Latest Brand to Exit Baselworld
Italian luxury brand Bulgari has confirmed it will not be participating in the 2020 edition of Baselworld, a little over a week after Gucci announced it was exiting this year’s show.The reasons behind Bulgari’s departure were not...
Retail Feb 13, 2020 Rapaport News
LVMH
Jewelry and Watches Strong for LVMH in 2019
Sales of jewelry and watches at LVMH increased 7% in 2019 amid a strong year for Bulgari.Revenue from the categories rose to EUR 4.41 billion ($4.85 billion), driven by Bulgari’s Fiorever collection, which contributed significantly to growth following...
Retail Jan 29, 2020 Rapaport News
Bonhams
Bonhams Expands Global Jewelry Team
Bonhams has hired Eleonora D’Ottavi in its latest effort to build up its global jewelry business.D’Ottavi will join the auction house as head of jewelry for Italy, responsible for providing valuation services and sourcing gems...
Polished Markets Jan 20, 2020 Rapaport News
Altagamma
Pomellato CEO to Lead Altagamma Jewelry Unit
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...
Retail Dec 18, 2019 Rapaport News
Pandora
Ex-Bulgari Executive to Join Pandora
Pandora has hired Carla Liuni as chief marketing officer as the jeweler continues it efforts to reignite consumer demand. Liuni was general manager of Procter & Gamble’s luxury personal-care division, Prestige, for 20 years. She joined...
Retail Dec 18, 2019 Rapaport News
Bonhams NY
Blue Diamond Earrings Score Big at Bonhams
A pair of blue diamond earrings fetched just under $1.3 million atBonhams’ New York Jewels sale, beating its high estimate. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81...
Polished Markets Dec 10, 2019 Rapaport News
Christie's Paris
Christie’s Garners $7M at Paris Auction
Christie’s brought in $6.9 million from its Fine Jewels salein Paris, with a fancy orangey-pink diamond ring fetching more than eight timesits high estimate. The old-cut, 6.32-carat, type IIa, VS2-clarity diamond wasthe...
Polished Markets Dec 08, 2019 Rapaport News
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