JCK Las Vegas, Luxury cancelled for 2020
A month after it announced plans to postpone JCK Las Vegas and Luxury due to the spread of COVID-19, Reed Exhibitions has cancelled both shows for 2020.
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An opportunity to strengthen connections
A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before being set into a piece of jewelry, he continued.
LVMH’s first-quarter sales fall 17%
As expected, luxury conglomerate LVMH recorded a steep drop in sales in the first quarter as the coronavirus forced the closures of its stores and factories worldwide.
COVID-19 restrictions temporarily halt fancy color diamond trade
Due to the COVID-19 pandemic, for the first time since its inception in 2015, the Fancy Color Research Foundation (FCRF) will not publish the Fancy Color Diamond Index (FCDI) for Q1 2020.
WFDB Head Ernie Blom steps down temporarily
The World Federation of Diamond Bourses (WFDB) has named Yoram Dvash as acting president following Ernie Blom’s decision to stand down temporarily.
Four more watch brands ditch Baselworld
Baselworld, the world’s largest watch and jewelry event, has been dealt another blow with the departure of four more luxury brands.
Hong Kong Shows postponed to August
The Hong Kong Trade Development Council (HKTDC) has rescheduled its trade shows for the second time as coronavirus-related restrictions continue.
Chow Tai Fook revenue tumbles due to virus
Chow Tai Fook’s sales slid in the fourth fiscal quarter amid sluggish consumer demand and store closures brought on by the coronavirus pandemic.
ALROSA to increase spending on preventing the COVID-19 spread to $4.2 mln
Press release – ALROSA increases its spending on fighting the spread of COVID-19. As of April 14, the respective budget stood at around $4.2 million (RUB 308 million), with procurement already in progress for about 80 percent of the total.
ALROSA’s sales of rough and polished diamonds reach $152.8 million in March 2020
Press release – ALROSA, the world’s largest diamond miner by volume, reports its March2020 diamond sales.
MCH Group to decide Baselworld’s fate in the next few weeks
In the coming weeks, MCH Group will decide whether Baselworld—once the annual event for the global watch industry—has a future, or if it is out of time.
5 interesting facts you might not know about diamonds
Last week (30th March), I wrote a blog post containing a list of 10 jewelry-related movies to watch while you’re safe at home to give both myself and our readers a break from coronavirus-related news.