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Sewelo diamond
Louis Vuitton Buys 1,758ct. Diamond from Lucara
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...
Rough Markets Jan 16, 2020 Rapaport News
Phillips Paul Redmayne
Fourth Bonhams Jewelry Expert Joins Phillips
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...
Polished Markets Jan 13, 2020 Rapaport News
Intersection in front of Tiffany Fifth Avenue
Tiffany Holiday Revenue Rises as US Recovers
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...
Retail Dec 26, 2019 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
Podcast
Podcast: What’s in Store for the Holidays
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...
Retail Dec 12, 2019 Rapaport News
Tiffany Hong Kong store
Tiffany Sales Stall as Tourist Spending Dries Up
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...
Retail Dec 05, 2019 Rapaport News
Pandora charm 150
Tiffany, Pandora Receive Top Sourcing Scores
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...
Retail Dec 02, 2019 Rapaport News
Tiffany
LVMH Sees Value in Tiffany’s Diamond Sourcing
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...
Retail Nov 28, 2019 Joshua Freedman
Tiffany
LVMH Seals Tiffany Deal for $16B
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...
Retail Nov 25, 2019 Rapaport News
Tiffany LVMH
Tiffany Wants Higher Price From LVMH
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...
Retail Nov 07, 2019 Rapaport News
Tiffany necklace
LVMH Proposes Tiffany Takeover
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...
Retail Oct 27, 2019 Rapaport News
LVMH
LVMH Jewelry and Watch Revenue Jumps
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...
Retail Oct 10, 2019 Rapaport News
Lark & Berry
Lab-Grown Retailer Hires Exec for US Push
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...
Retail Jul 31, 2019 Rapaport News
LVMH
Bulgari Boosts LVMH Jewelry Growth
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...
Retail Jul 25, 2019 Rapaport News
CIBJO
Groups Join Forces on Responsible Sourcing
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...
Gemstones May 22, 2019 Rapaport News
Baselworld
LVMH Still Has Time for Baselworld
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...
Polished Markets Apr 29, 2019 Rapaport News
LVMH
LVMH Jewelry Sales Rise in First Quarter
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...
Retail Apr 11, 2019 Rapaport News
LVMH Bulgari
LVMH Sees Strong Jewelry Sales in 2018
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...
Retail Jan 30, 2019 Rapaport News
LVMH
LVMH Jewelry and Watch Revenue Up
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)...
Retail Oct 10, 2018 Rapaport News
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