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It seemed pretty clear to me as I put fingers to keyboard this morning that this week’s Memo should probably talk about the impact of the forthcoming Trump presidency on the world’s biggest economy and largest diamond jewelry market.
The Five-Minute Interview: Kent Wong. Chow Tai Fook continues to endure declining sales as a slowdown in China, especially in Hong Kong, shows little sign of abating.
The Fancy Color Research Foundation (FCRF) reports that fancy color diamond prices continued to climb moderately during Q3 2016, at a rate similar to the previous quarter.
Sarine Technologies launched equipment it claims can give an automated and accurate clarity and color grading for polished diamonds.
It will grow the Ever Us, Black Label, and Seize the Day campaigns.
Singapore–De Beers announced that its auction sales business has launched a pilot program giving other diamond miners as well as manufacturers and traders the chance to sell polished diamonds on its auction platform.
De Beers released its sales timetable for 2017, maintaining its schedule of 10 sights a year. The company sells approximately 90 percent of its rough supply through its global sightholder sales division
Even as China’s luxury market growth re-emerges into positive territory after two years of recession, 2016 marks the first time in history that Chinese consumers contributed less to global luxury sales than they did the year before, according to Bain & Company’s annual industry “Bain Luxury Study” report.
Stamford, Conn.–De Beers diamond brand Forevermark has started its advertising for the holiday season, tackling the all-important shopping time with a three-tier program.
This week’s forum in New York City offered some general guidelines for retailers looking to protect themselves.
New York, NY—The world’s ultra wealthy population remained flat in 2015, as the number of individuals with US$30 million or more in net assets grew just 0.6% and total ultra high net worth (UHNW) wealth increased by 0.8%, according to the latest World Ultra Wealth Report released last month by Wealth-X.
The managers of all of Richemont’s different brands will report to the company’s board.