Forget Switzerland. Can Tiffany make New York watches a trend?
The retailer’s home city is now a selling point of its watch line.
The R&M “Lettre”
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The lab-grown consumer numbers you need to know
For several years, the diamond industry has been grappling with the introduction of gem-quality lab-grown goods to the consumer market. However, even with all the talk, one essential component seems to be missing – hard numbers.
“If consumers lose confidence in diamonds, both the products, natural and synthetic, will be badly hit,” warns Sanjay Kothari, Spokesperson NDMC
For a sector, which grew from just a cottage industry to one of the largest diamond manufacturing industry in the world, India’s diamond industry was, till not long ago, looked at globally with awe as an industry which operated purely on trust.
Surat diamond sector shows signs of recovery
The Surat diamond sector, which has been suffering reduced demand due to economic slowdown, has begun to show signs of recovery, according to a report in The Business Standard.
How Millennials look at diamonds (it’s different from past generations)
Younger consumers are turned off by bling but still crave something real. This June at the JCK Las Vegas show, the Diamond Producers Association (DPA) will unveil an industry milestone: the first category-driving campaign for diamonds not sponsored by De Beers.
42-day indian jewelry strike ends
Following a meeting of various jewelers associations’ representatives and senior government ministers in New Delhi, the 42-day long jewelers strike has officially ended, according to a report in The Times of India.
Christie’s to offer largest ever fancy vivid green diamond for sale at auction
The largest ever fancy vivid green diamond – the “Aurora Green” – a rare 5.03-carat stone is set to come up at Christie’s Magnificent Jewels auction in Hong Kong on May 31.
LVMH watches & jewelry group +7% in Q1 2016
LVMH Moӫt Hennessy Louis Vuitton (LVMH) reported that its Watches and Jewelry business group recorded organic revenue growth (at constant exchange rates) of 7 percent in the first quarter of 2016.
DPA’s marketing campaign to debut at JCK Las Vegas in June
The Diamond Producers Association (DPA) will introduce its marketing campaign at the JCK Las Vegas jewelry show in June, it said this week.
Bain predicts uptick in global luxury demand
Demand for personal luxury goods in the U.S. and China is set for resurgence next year, lifting growth in the $285 billion (EUR 250 billion) market that hit a trough in 2016, according to a Reuters report that cited Bain & Co.
Diamond prices remain stable in March
New York–Steady dealer trading helped polished diamond prices to remain stable in March, even as the outlook for global consumer demand remains “uncertain,”
Women not waiting anymore and buying their own jewelry
From the United States to Europe and Asia, growing numbers of women are deciding that they are not going to wait to receive jewelry from partners and husbands and are increasingly buying their own jewelry.