Boucheron Bucks Trend as Kering Revenue Falls Again
May 01, 24
Kering, the French luxury group, reported an 11 per cent drop in revenue to $4.8bn during Q1, but reported double-digit growth at Boucheron and "outstanding performances" at its other high jewelry maisons... Read More...
IDEX Price Report for 1 May: Prices Show Signs of Stabilizing
May 01, 24Prices showed signs of stabilizing during April, with an even mix of increases and decreases in many sizes, especially fancy cuts. Overall there were more clusters of price rises than we have seen of late. It's too ... Read More...
US Consumers to Buy $7bn of Mother's Day Jewelry
May 01, 24Spending on jewelry for Mother's Day in the US is set to hit $7bn this year, accounting for around a fifth of all gifts, by value. That's down around 11 per cent on a record high of $7.8bn in 2023, according to... Read More...
Luxury Companies Could Bid for De Beers
April 30, 24Speculation is mounting over the future of loss-making diamond giant De Beers, as its parent company Anglo American faces a takeover bid from its bigger rival BHP. Luxury goods companies such as LVMH, Hermes... Read More...
Fifth +100-cts Diamond of the Year for Gem
April 30, 24Gem Diamonds has announced its second +100-ct recovery in under two weeks. The UK-based miner recovered a 118.74 carat Type II white diamond on 28 April. It follows the recovery of another Type II white diamond... Read More...
Memo by John Jeffay
April 25At 3.56pm on 17 April 2023, an Air Canada flight from Zurich landed at Toronto's Pearson Airport, with a cargo that included 6,600 gold bars worth US$14.5m and US$1.8m in foreign banknotes. At 6.32pm ... Read More...