Tiffany’s Q1 comps drop 9% in a difficult quarter
New York – Tiffany & Co. had the difficult first quarter it expected, with sales dropping in almost every region and across all product categories.
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Lab-Grown diamond sales triple but are still small
NPD Group data also shows that falling diamond prices don’t necessarily help retailer margins.
Diamond Congress raises marketing expectations
The diamond industry stressed an urgent need for boosting consumer demand through effective marketing during the opening day of the World Diamond Congress (WDC) in Dubai on Tuesday.
Jewelry demand propels Richemont to growth
Richemont’s jewelry sales in the past fiscal year jumped after strong demand outweighed a decline in appetite for watches.
‘Oppenheimer Blue’ fetches record $58M at auction
Christie’s smashed the world auction record for a jewel as it sold the ‘Oppenheimer Blue’ diamond ring for $57.5 million (CHF 56.8 million) in Geneva on Wednesday.
World Diamond Congress – day 2: financing, transparency and sustainability top the agenda
The topic of financing, which is crucial to diamond manufacturers and traders, was discussed in great depth on the second day of the 37th World Diamond Congress in Dubai on May 18, 2016
15-Carat pink diamond sells for $31.6M
Geneva – A “rare and exceptional” fancy vivid pink pear-shaped diamond sold for $31.6 million, or about $2.1 million per carat, at Sotheby’s Geneva.
GIA launches digital Diamond Focus report
The Gemological Institute of America (GIA) has announced the recent launch of its GIA Diamond Focus Report, a low-cost digital diamond report for natural, D-to- Z colour, round brilliant-cut diamonds weighing between 0.15 and 0.39 carats.
How the 21st-Century consumer defines luxury
Good news for jewelry retailers: The definition of luxury is as wide-ranging as your clients themselves Coco Chanel once said, “Luxury must be comfortable, otherwise it is not luxury.”
Can the natural and lab-grown diamond industries really get along?
The natural and lab-grown diamond industries are now openly feuding with each another, and some are calling for a ceasefire. Take this blog post from Melvin Moss:
Making luxury more affordable in China
Diamond dealers still see China as the engine of industry growth but Premier Xi Jinping’s government can do more to encourage its development.
Boucheron owner Kering sees luxury sales climb 3
Kering, the owner of high-end jewelry brands Boucheron and Pomellato, reported luxury sales rose in the first quarter on a stronger retail performance in Western Europe, Japan and emerging markets.