Tiffany sales stall as tourist spending dries up
Sales at Tiffany & Co. were flat at $1.01 billion in the third fiscal quarter as increases in mainland China compensated for weak spending in the US and Hong Kong.
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Thanksgiving deals draw record number of shoppers, says NRF
Washington—A record number of shoppers flocked to sales from Thanksgiving through Cyber Monday this year and spent more than last year, according to a survey by the National Retail Federation and Prosper Insights & Analytics.
ALROSA November sales of rough and polished diamonds reached $288 million
ALROSA Group announces diamond sales results for November and eleven months of 2019.
Here’s what diamond shoppers are searching for online, says Stud
Analytics firm GemFind Digital Solutions recently released the latest edition of its semiannual “Diamond Click Trends” research report, which analyzes hundreds of online searches by diamond consumers.
DPA uses Funny or Die to slam lab-grown diamonds
The Diamond Producers Association has released three videos on Funny or Die to promote natural diamonds—and slam its lab-grown competitors.
Bain says luxury secondhand market is opportunity not threat
The secondhand market, which reached 26 billion euros ($28.8 billion) in 2019, is evidence of the evolving mentality of luxury goods buyers. That’s just one finding of the latest Bain & Company Luxury Study.
Sarine returns to profit in third quarter
Sarine Technologies recorded its first quarterly profit this year amid solid demand for its Galaxy diamond-mapping equipment.
The biggest spenders this Holiday season? Generation X
While Generation X may have small numbers compared to baby boomers or millennials, the former “latchkey kids” will likely be the biggest spenders this holiday, according to the 2019 Holiday Purchase Intentions Survey from the NPD Group.
In a new jewelry book, a Cartier delves into her family
New York—Every jewelry lover wants to learn the history behind the industry’s storied houses like Van Cleef, Bulgari and Cartier.
Diamond industry financing is shrinking. This is what it means
Diamond industry financing has considerably declined over the last couple of years. Generally, the industry views this as unfavorable; yet, this can be debated. What is not in debate is that right now the diamond industry’s debt level is at its lowest in well over a decade.
56% of holiday shoppers have already started, NRF survey says
More than half of consumers have already started their holiday shopping, according to a survey by the National Retail Federation and Prosper Insights & Analytics.
The curious case of fluorescence
The diamond industry has a complicated relationship with fluorescence.