Engagements driving diamond jewellery demand this holiday season
Press release – De Beers Group’s latest Diamond Insight ‘Flash’ Report highlights US jewellers have noted increased rates of couples getting engaged during the pandemic.
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Tiffany’s Q3 buoyed by online, Asia-Pacific sales
Tiffany & Co.’s worldwide sales showed signs of hope in the third quarter, bolstered by a strong performance in the Asia-Pacific region and soaring online sales.
Looking like a happy holiday, forecasters say
Holiday sales will likely rise between 3.6% and 5.2% this year, though the continuing spread of COVID-19 still poses risks to retail, the National Retail Federation said in its annual holiday forecast.
Luxury sales won’t recover for two years – Bain
Sales of personal luxury goods will fall 23% this year, the first decrease since 2009, and are unlikely to recover for at least two years, Bain & Company predicted.
How Tiffany and LVMH kissed and made up
When LVMH first approached Tiffany & Co. about a takeover in 2019, it was with an initial price of $120 a share. That was turned down. Eventually, the two sides arrived at a final price of $135 a price.
6 rules for jewelers to make sales online
Jewelers should follow six basic steps to generate credibility for making online sales, according to a team at Stanford University, led by behavioral expert B.J. Fogg.
Record price tag: $26.6m for a 14.83-ct purple-pink diamond
The largest vivid purple-pink diamond ever to appear at auction has sold for a record $26.6m.
More retailers selling lab-grown diamonds, survey finds
About 38% of independent jewelers are now carrying lab-grown diamonds, according to a new survey by MVI Marketing for the International Grown Diamond Association and InStore magazine.
Tiffany–LVMH war ends with no winner
The war between LVMH and Tiffany & Co. has ended, with both sides agreeing to shave over $400 million off of last year’s $16.2 billion purchase price. Yet, it’s hard to tell who actually won this battle. It looks like they both lost.
The importance of being Tiffany
There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress, black leather gloves, and a storied yellow-diamond necklace by Tiffany & Co.
LVMH jewelry and watch revenue slides
LVMH’s jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.
A closer look at that pink diamond everyone’s talking about
Losing no time after the landmark sale of a 102.39 ct. perfect white diamond for $15.7 million, Sotheby’s announced, the [week of October 12], that another “glamazon” is gracing its fall auction lineup.
