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Richemont creates post for celebrity placements

New York – Luxury goods conglomerate Richemont now has a “director of entertainment”–an individual whose job it is to advise its brands on how to get their products on TV, in the movies and on the red carpet and to help them sign on celebrities as brand ambassadors.

An illustrated guide to cause & effect

If the cause is declining consumer share of wallet, then the effect is a sharp drop in rough sales. This means that we can expect rough diamond price reductions, fewer goods purchased at the December and January Sights, and bank financing to continue to be difficult.