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Swiss Watch Exports Maintain Gloomy Streak
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Swiss watch exports saw their ninth consecutive monthly decline as US orders slipped and a fresh wave of European lockdowns cast a cloud over demand in the region.Global shipments fell 7% to CHF 1.88 billion ($2.07 billion) in October,...
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Watches
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Nov 19, 2020
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Rapaport News
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LVMH Scraps Tiffany Deal; Tiffany Sues
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LVMH has abandoned its acquisition of Tiffany & Co., citing a trade dispute between the US and France and a disagreement over the timing of the deal.Tiffany has sued LVMH in response, claiming that the luxury...
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Retail
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Sep 09, 2020
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Rapaport News
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France’s AFG Mourns Death of President Didier Giard
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Didier Giard, president of the French Association of Gemmology (AFG), died suddenly on Sunday, the organization reported.Giard represented the fourth generation in a family of jewelers that dates back to 1887. As head of the AFG, he organized the Paris...
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Polished Markets
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May 06, 2020
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Rapaport News
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De Beers Sight Still On Despite Travel Ban
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De Beers’ upcoming sight in Botswana will still take place despite the country’s ban on arrivals from the US, China, India and Belgium, the miner has confirmed.“While this is an extraordinary situation and COVID-19 has...
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Rough Markets
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Mar 18, 2020
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Joshua Freedman
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The Gem Lab That Refuses to Grade Synthetics
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The French Gemmological Laboratory (LFG) is the oldest ofits kind in the world. Founded in 1929, it came into being after the arrival ofcultured pearls on the market prompted more than 300 pearl dealers from...
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Polished Markets
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May 06, 2019
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Marie Chabrol
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Forevermark Targets Key European Markets
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Forevermark ismaking a play for the European market, after achieving significant retail growth last year. The De Beers brand has signed an exclusive licensing deal with German jeweler Heinz Mayer to sell products in thekey...
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Retail
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Mar 22, 2018
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Rapaport News
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Asia and Europe Boost LVMH Jewelry Sales
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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...
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Retail
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Jul 27, 2017
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Rapaport News
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Police Nab Man with Bling in Underwear
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Customs police seized close to $322,000 (EUR 300,000) worth of roughdiamonds a man tried to sneak into Belgium in his underpants, TheIndependent reported.Police believe the man had come from the Democratic Republicof the Congo, according...
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Mining
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Jan 24, 2017
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Rapaport News
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LVMH Watch & Jewelry Sales Rise
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LVMH Moët Hennessy Louis Vuitton reported revenue fromwatches and jewelry increased in the first nine months of the year as its iconicBulgari jewelry brand gained market share.Sales rose 3 percent to $2.74 billion (EUR 2.49...
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Retail
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Oct 13, 2016
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Rapaport News
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Bulgari Lifts LVMH Jewelry Sales
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LVMH Moët Hennessy Louis Vuitton reported stronger jewelry and watchsales driven by the Bulgari brand which “outperformed the market” in the firsthalf of 2016. Revenue from the business unit increased 4 percent on both a reportedand...
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Retail
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Jul 27, 2016
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Rapaport News
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Douglas to Acquire Nocibe
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Douglas Holding AG, the parent company of Christ jewelers and other German brand names, is finalizing its acquisition of cosmetics retailer Nocibe, according to Les Echos. The report estimated the value of this deal would...
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Financial-Legal
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Oct 21, 2013
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Jeff Miller
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Rubel & Ménasché Becomes a Supporter of DDI
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Rubel & Ménasché, a Paris-based diamond company, supported the Diamond Development Initiative International (DDI) at the level of ''important contributor.'' The diamond firm is a member of the Dali Group and supplies jewelry retailers of Place Vendôme...
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Manufacturing
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Jul 06, 2012
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Jeff Miller
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The 'Jewels of France' Exhibit to Debut in Beverly Hills
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The French Trade Commission-UBIFRANCE and The Mark Kearney Group are presenting the 5th edition of "The Jewels of France" in Beverly Hills, California, an exclusive three-day trunk show featuring new collections by some of the most...
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Gemstones
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Oct 03, 2011
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Ricci Dipshan
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Retail Sales Mixed in Eurozone
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Retail sales fell 3.5 percent year on year in March in Germany. Despite Germany’s slump, the Eurozone’s other two major economies – France and the U.K – reported more stable results from the retail sector. The U.K reported a year on year rise of 1.3 percent in March, according...
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Research
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May 02, 2011
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Ricci Dipshan
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