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Asian-American and Hispanic millennials are a growing force in the luxury goods market, though jewelers have been slow to recognize the increasing importance of this demographic, according to a new report by MVI Marketing.
Press release – New national survey demonstrates consumers’ desire for natural diamonds this Holiday season.
Production at the Gahcho Kué mine is likely to exceed expectations for 2018 before increasing steadily over the next three years, according to part owner Mountain Province.
De Beers used to spread the message that “A Diamond Is Forever” around Grand Central Station at holiday time, appealing to the 750,000+ commuters crisscrossing the classic transit hub every day.
Lower spending by Chinese tourists at Tiffany stores in the United States and Hong Kong put a dent in the jeweler’s third quarter results despite higher spending by locals.
Kering, the owner of Gucci, Boucheron and Pomellato, plans to end its seven-year partnership with luxury platform Yoox Net-A-Porter (YNAP), and bring its e-commerce activities in-house.
The holiday sales season in the United States got off to a record-breaking start, according to figures for Black Friday and Cyber Monday sales.
Botswana has put together a negotiating team for talks with De Beers about the sides’ next sales agreement which is set to replace the current agreement which runs out in 2020.
IBM projects year-on-year retail sales growth of 4.83%, compared to 4.2% in 2017, due to ongoing high levels of consumer confidence.
Shipments of Swiss watches bounced back in October after a drop the previous month, benefiting from stronger exports of high-end timepieces.
Press release – Bruce Cleaver, CEO, De Beers Group, said: “As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year.
Tiffany & Co. has rolled out the holiday 2018 edition of its “Believe in Dreams” marketing campaign.