NPD Group says watches poised to do well
According to market analysis firm The NPD Group, quite a few consumers can expect to receive a timepiece as a Hanukkah gift or wrapped up beneath their Christmas tree come Dec. 25.
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The Millennial market that many jewelers are missing
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.
53 million Americans plan to buy a diamond between Thanksgiving and Valentine’s Day
Press release – New national survey demonstrates consumers’ desire for natural diamonds this Holiday season.
Gahcho Kué production set to rise
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.
Consumers saw Lightbox. Here’s what they wanted to know
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.
Tiffany’s same-store sales in the Americas rise 5%
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’s E-Commerce to move in-house
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.
Black Friday and Cyber Monday create record start to Holiday sales season
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 to increase demands of De Beers in next sales agreement
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’s 2018 Holiday retail forecast: 4.8% year-over-year growth
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.
Swiss watch exports rebound in October
Shipments of Swiss watches bounced back in October after a drop the previous month, benefiting from stronger exports of high-end timepieces.
De Beers rough diamond sales Cycle 9, 2018
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.