Jewellery helps Richemont sales jump amid post-pandemic luxury revival
Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world’s second-largest luxury group said on Wednesday.
Global luxury sales set to outpace pre-COVID levels this year, Bain says
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.
101 carat diamond to be auctioned in Geneva jewellery sale
The largest diamond ever cut in Russia – a 100.94 carat stone called the Alrosa Spectacle – will be auctioned in Geneva later this month. The diamond could fetch between 12 and 18 million Swiss francs ($19.96 million) when it goes under the hammer at Christie’s on May 12. “This fantastic 100 carat D color […]
Carbon copy? Pandora takes a shine to lab-made diamonds
Pandora (PNDORA.CO), the jewellery maker best know for its silver charm bracelets, will stop selling mined diamonds and focus on more affordable, sustainable, lab-grown gems, it said on Tuesday. “Diamonds are not only forever, but for everyone,” Pandora Chief Executive Alexander Lacik said as the Danish company launched a new collection of man-made stones. Pandora, which […]
