Tariffs Prompt Surge in Swiss Watch Exports to US
August 21, 25
Exports of Swiss watches in July rebounded, up 6.9 per cent to CHF 2.4bn (USD 2.98bn) after two months of decline. The growth was largely driven by front-loading of shipments ahead of 39 per cent US tariffs. The Federation of the Swiss Watch Read More...
Woman Digs her Own 2.3-ct Diamond for Engagement Ring
August 21, 25A New York woman was determined to find her own diamond for her engagement ring - so she spent three weeks digging at the Crater of Diamonds State Park, in Arkansas, around 1,000 miles away. On the last day of her visit, 31-year-old Micherre Fox... Read More...
Chow Sang Sang Predicts 80% Profit Surge
August 20, 25China's third biggest jewelry retailer is forecasting a huge 80 per cent increase in half-yearly profits, driven by high gold prices and the net closure of 74 of its 1,032 stores last year. Chow Sang Sang told shareholders yesterday (19 August) that it expects... Read More...
Steady Growth as Pandora Becomes Full Jewelry Brand
August 20, 25Pandora reported another quarter of solid revenue growth despite what it said were "turbulent times", as it expands from charm bracelets (over 70 per cent of its revenue) to a full jewelry brand. The Danish jewelry manufacturer and retailer, with over... Read More...
Customs Seize $30m of Fake Van Cleef and Arpels Earrings
August 20, 25Customs officers in Kentucky, USA, seized more than 7,300 pairs of counterfeit Van Cleef and Arpels earrings, with an "if genuine" value of over $30m. The shipment was sent from Hong Kong and was destined for a private address in Miami, Florida... Read More...
Memo by John Jeffay
August 20It took more than a year to plan the theft of a $25m pink diamond. And it took Dubai Police just eight hours to crack the case, locate the gem and arrest three suspects, according to a statement issued on Monday (18 August). They also rushed out a slick two-and-a-half Read More...