Tiffany sues after LVMH looks to call off acquisition
LVMH announced that it is backing out of its agreement to buy Tiffany & Co., and the retailer is not happy about it.
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Tiffany’s China sales soar as LVMH takeover is pushed back
Tiffany & Co. continued to feel the fallout from COVID-19, as its sales in mainland China rose dramatically during its second quarter (ended July 31), while sales in the Americas region continued to fall.
Natural all-diamond ring is a GIA first
A ring made entirely of natural diamond has become the first of its type to reach the Gemological Institute of America (GIA) for evaluation.
Tiffany providing info about where diamonds cut, set
Tiffany & Co., which last year announced it was telling consumers the place and country where most of its diamonds were mined, is now taking that further by telling consumers where its gems are cut and set into jewelry.
116ct. diamond fetches $6M at Christie’s
A necklace featuring a 115.83-carat diamond was the top seller at Christie’s in New York on Wednesday July 29, bringing in $6.3 million at the live Magnificent Jewels auction.
LVMH revenue dives as tourism dries up
LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.
Summer 2020: diamonds and precious stones make the ever more audacious fine jewelry collections sparkle!
For this exceptional summer, the Houses have vied with each other to show their audacity and creativity, and present their expertise with sumptuous collections of fine jewelry.
Twin-stone ring fetches $9M at Christie’s
A twin-stone diamond ring sold for $9.3 million at Christie’s Geneva Magnificent Jewels sale after “spirited bidding” from several participants competing via telephone, the auction house reported.
De Beers Group invests in try-and-buy jewelry brand gemist
The possibility of a “Warby Parker for fine jewelry” debuting and disrupting the status quo of jewelry retail has been anticipated within the industry for years.
Pink and blue hearts score big for Sotheby’s
Two fancy-colored, heart-shaped diamonds led the Magnificent Jewels sale at Sotheby’s in Hong Kong, fetching a combined $18.7 million.
Richemont’s jewelry sales sink 41% in Q1
Richemont’s first-quarter sales fell by nearly half with double-digit declines across all regions, categories, and distribution channels amid the COVID-19 pandemic.
12-Carat marquise blue diamond sells for $16M at Christie’s
A 12-carat blue diamond proved there’s still demand for colored diamonds when it went for well above its pre-sale high estimate at auction Thursday July 9.