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Patek Philippe Aquanaut 5167A at store in Bangkok
US and Europe Drive Increase in Watch Exports
Swiss watch exports grew strongly in May as demand strengthened in the US and Europe while orders of high-end timepieces
News Jun 22, 2022 Rapaport News
Indian bridal jewelry
US Rebound Drives Sales Jump at India’s Goldiam
Indian jewelry manufacturer Goldiam International saw strong sales growth in the past fiscal year amid resurgent
News May 22, 2022 Rapaport News
Omega Swiss watches in showroom in Mulhouse France
Swatch Group Rebounds Amid Luxury Recovery
Swatch Group gave a positive outlook for 2022 after enjoying a jump in annual sales and a return to profit.Revenue
News Jan 26, 2022 Rapaport News
Stephen Lussier
De Beers Brand Guru Stephen Lussier to Step Down
Stephen Lussier, one of De Beers’ most recognizable and influential figures, will stand down from his role
News Jan 20, 2022 Rapaport News
Cartier engagement rings
Jewelry Leads Sales Growth at Richemont
Richemont’s jewelry brands saw impressive gains in the third fiscal quarter as the global luxury market continued
News Jan 19, 2022 Rapaport News
Antwerp
Banks Unfairly Shunning Diamonds, EU Report Says
Diamond dealers are missing out on access to banking as financial institutions go overboard in their efforts to reduce risk, according
News Jan 10, 2022 Rapaport News
Cartier store San Francisco August 2021
Cartier Owner Sees Sales Soar
Richemont’s jewelry brands continued their recovery in the first fiscal half as shoppers returned in key markets.Jewelry sales
News Nov 14, 2021 Rapaport News
Pandora store
Pandora Ups Full-Year Forecast as Sales Rise
Pandora has increased its sales outlook for the current year following strong growth in the past
News Aug 09, 2021 Rapaport News
Diamond Foundry rough lab-grown diamond
Diamond Foundry Value Hits $1.8B After Fundraising
Diamond Foundry has raised $200 million to bring production up to “mining” levels, giving the lab-grown maker a valuation
News Apr 29, 2021 Joshua Freedman
Rough diamond De Beers
De Beers Rough Sales Stabilize
De Beers brought in $440 million at its March rough sale, with the miner giving an optimistic outlook for
News Apr 07, 2021 Rapaport News
Brexit
What the Brexit Deal Means for the Diamond Trade
The UK's departure from the European Union has altered the way British diamond businesses trade
News Jan 10, 2021 Joshua Freedman
Tiffany 2020 holiday campaign jewelry
Tiffany Holiday Sales Reach All-Time High
Sales at Tiffany & Co. rose 2% during the holiday season as the US jeweler benefited from sharp growth
News Jan 06, 2021 Rapaport News
Pandora store Cornmarket Oxford UK
Pandora Expects Hit from Second Lockdowns
Pandora has warned that fresh coronavirus-related restrictions could dampen the jeweler’s holiday sales and put
News Nov 04, 2020 Rapaport News
Bharat Diamond Bourse
India Trading Still Down, but Decline Eases
India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months,
News Sep 15, 2020 Rapaport News
Boucheron London store.
European Slump Weighs on Kering Jewelry Brands
Kering reported weak jewelry sales during the first half of 2020 as a slowdown at its Europe-focused brands outweighed
News Jul 29, 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
News Jul 28, 2020 Rapaport News
Melee diamonds at De Beers Group Industry Services
India’s Cutting Sector Faces Decade-Low Revenues
India’s polishing revenues will plummet to their lowest in a decade this year, as prices have dropped and inventory
News Apr 28, 2020 Rapaport News
Gucci credit Shutterstock
China Showing Positive Signs, Says Kering
Kering, the owner of Gucci, Saint Laurent and Boucheron, said demand in China was starting to recover, even
News Mar 22, 2020 Rapaport News
Rough diamond
UK Secures Deal to Keep Rough Trade Alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond
News Jan 15, 2020 Joshua Freedman
Tiffany Hong Kong store
Tiffany Sales Stall as Tourist Spending Dries Up
Sales at Tiffany & Co. were flat at $1.01 billion in the third fiscal quarter as increases in mainland China
News Dec 05, 2019 Rapaport News
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