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Louis Vuitton Buys 1,758ct. Diamond from Lucara
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Lucara Diamond Corp. has sold Botswana’s largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.The mining company will receive an up-front...
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Rough Markets
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Jan 16, 2020
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Rapaport News
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Fourth Bonhams Jewelry Expert Joins Phillips
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Phillips has appointed Paul Redmayne head of private jewelry sales as part of its efforts to expand its jewelry department internationally, the auction house said Monday.Redmayne, who will be responsible for managing relationships with top...
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Polished Markets
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Jan 13, 2020
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Rapaport News
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Tiffany Holiday Revenue Rises as US Recovers
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Tiffany & Co. noted a “momentum shift” in the Americas during the holidays, as growth in the region contributed to an overall increase in sales for the season.Company-wide revenue climbed by 1% to 3% year on year for the period from November...
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Retail
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Dec 26, 2019
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Rapaport News
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Pomellato CEO to Lead Altagamma Jewelry Unit
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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...
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Retail
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Dec 18, 2019
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Rapaport News
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Ex-Bulgari Executive to Join Pandora
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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...
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Retail
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Dec 18, 2019
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Rapaport News
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Podcast: What’s in Store for the Holidays
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With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
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Retail
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Dec 12, 2019
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Rapaport News
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Tiffany Sales Stall as Tourist Spending Dries Up
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Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
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Retail
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Dec 05, 2019
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Rapaport News
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Tiffany, Pandora Receive Top Sourcing Scores
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Tiffany & Co. and Pandora received high ratings on anannual list comparing responsible sourcing by the largest companies in thefashion industry. Tiffany garnered the top rating of AAA in the retail category for thefifth consecutive...
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Retail
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Dec 02, 2019
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Rapaport News
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LVMH Sees Value in Tiffany’s Diamond Sourcing
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A storied past and popularity as a brand might bethe first things that would attract a potential suitor to Tiffany & Co. ButLVMH has identified another key attribute that made the US jeweler a valuabletarget: its ability...
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Retail
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Nov 28, 2019
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Joshua Freedman
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LVMH Seals Tiffany Deal for $16B
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LVMH Moët Hennessy Louis Vuitton is set to acquire Tiffany & Co. for $16.2 billion, strengthening the Paris-based luxury group’sposition in the global jewelry market and increasing its US presence. “Tiffany [is] a company with...
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Retail
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Nov 25, 2019
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Rapaport News
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Tiffany Wants Higher Price From LVMH
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Tiffany & Co. has asked LVMH Moët Hennessy Louis Vuittonto raise its initial takeover offer, claiming it undervalues the jewelryretailer’s worth, according to media reports. Last month, the Paris-based luxury group submitted...
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Retail
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Nov 07, 2019
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Rapaport News
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LVMH Proposes Tiffany Takeover
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LVMH Moët Hennessy Louis Vuitton has approached Tiffany & Co. about acquiring the US jeweler for almost $15 billion, according to media reports. The Paris-based luxury group submitted a non-binding offerto Tiffany earlier...
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Retail
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Oct 27, 2019
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Rapaport News
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LVMH Jewelry and Watch Revenue Jumps
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LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry andwatch sales in the third quarter, led by a strong performance at its Bulgaribrand, it said Wednesday. Revenue for the category increased 8% to EUR 1.13 billion($1.24 billion) for...
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Retail
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Oct 10, 2019
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Rapaport News
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Lab-Grown Retailer Hires Exec for US Push
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UK-based synthetic-diamond-jewelry retailer Lark & Berryhas hired Paul Ziff as its brand manager for North America. Ziff was previously a brand president at both Richemont andLVMH, and has held executive positions at Ralph Lauren...
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Retail
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Jul 31, 2019
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Rapaport News
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Bulgari Boosts LVMH Jewelry Growth
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Sales and profit from watches and jewelry at LVMH Moët Hennessy Louis Vuitton grew in the first half of 2019 amid a strong performance byits Bulgari brand, the company reported Wednesday. Revenue for the...
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Retail
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Jul 25, 2019
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Rapaport News
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Groups Join Forces on Responsible Sourcing
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The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working Group (CGWG) will collaborate to help companies in theindustry implement responsible sourcing for gemstones such as rubies, emeraldsand sapphires.The groups will develop management tools...
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Gemstones
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May 22, 2019
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Rapaport News
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LVMH Still Has Time for Baselworld
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LVMH Moët Hennessy Louis Vuitton will participate in the2020 edition of Baselworld, as the exhibition works to revamp its program andtailor its format specifically to the luxury retailer. The current setup will continue at next year’s...
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Polished Markets
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Apr 29, 2019
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Rapaport News
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LVMH Jewelry Sales Rise in First Quarter
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LVMH Moët Hennessy Louis Vuitton saw a jump in jewelry andwatch sales in the first quarter, led by a strong performance at Bulgari. Revenue for the category increased 9% to EUR 1.05 billion($1.18 billion) for the three months...
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Retail
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Apr 11, 2019
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Rapaport News
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LVMH Sees Strong Jewelry Sales in 2018
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Revenue from jewelry and watches at LVMH Moët Hennessy LouisVuitton increased 8% in 2018, amid a strong year for Bulgari, the company said Tuesday. Jewelry-and-watch revenue rose to EUR 4.12 billion ($4.71billion), driven also by good...
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Retail
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Jan 30, 2019
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Rapaport News
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LVMH Jewelry and Watch Revenue Up
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LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry andwatch sales in the third quarter, led by a strong performance at its Bulgaribrand, it said Tuesday. Revenue for the category increased 10% to EUR 1.04 billion($1.2 billion)...
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Retail
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Oct 10, 2018
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Rapaport News
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