South Korea

LVMH Watches and Jewellery arm sees revenues hit €10.5bn

The LVMH Watches and Jewellery business has reported organic revenue growth of 7% from €10.5bn (£8.9bn) to €10.9bn (£9.3bn) in 2023. Its profit from recurring operations was also up 7% to €2.1m (£1.79m). The group attributed this growth to one of its most “lucrative maison”, Tiffany & Co., which embarked…

Read More »

Coronavirus sends ripples through markets, governments, companies and the public

Apologies for the repetition, but the new coronavirus is causing such a serious global reaction today it would be silly to focus on other things, so here are four key stories about what looks to be developing into a full blown international crisis. The FTSE 100 has lost nearly £200…

Read More »

Global stocks react badly to coronavirus update

It looks like efforts to contain the coronavirus outbreak have not been entirely successful, and stock markets around the world are now beginning to react more profoundly than before. The FTSE 100 was down almost 3.3% at the time of writing, from 7,403 points to 7,159. For those not familiar…

Read More »

Parasite boosts Spanish crisp sales

Now that’s the kind of headline journalists like to write. But unfortunately, now that you’re reading the article, the subterfuge must be exposed. We’re not talking about parasites that look for hosts, and we’re not talking about infected food. Instead we’re talking about the Korean movie sensation that just won…

Read More »

JNA Awards 2018 draws record number of entries

The seventh edition of the JNA Awards, has announced that a record-breaking number of 127 entries across 12 categories has been received. Organised by UBM Asia, the JNA Awards recognises best business practices, excellence and innovation in the international jewellery and gemstone industry. UBM said that fifty-six of those submissions…

Read More »

Brexit and British watches

The diversity of British watch brands in price points and positioning as well as manufacturing processes leads to a range of different concerns about Brexit across the resurgent industry, but even those most concerned feel Brexit has been good for them so far. Mike France, co-founder of Christopher Ward, could…

Read More »

Birmingham jewellery professor made a Freeman of London

The head of Birmingham City University’s School of Jewellery has been recognised for his services to education and made a Freeman of the Goldsmiths’ Company. Professor Stephen Bottomley will officially be honoured at an event at the London Guildhall later this year, after a selection committee at the Goldsmiths’ Company…

Read More »

Forevermark passes 2,000 retail doors

Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally. The announcement follows the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey, with the brand saying the milestone consolidates its position as “one of…

Read More »

Swiss watch exports down 9.3% in July

Swiss watch exports decreased by 9.3% in July compared with the same month a year earlier, according to new figures from the Federation of the Swiss Watch Industry (FH). Watch exports in Switzerland were valued at 1.9bn Francs (£1.26bn) during the month, with the federation citing the Asian markets, which…

Read More »

US and India drive global jewellery demand

The first three months of 2015 saw stable gold demand, according to the latest Gold Demands Trends report from the World Gold Council (WGC). Total demand for Q1 2015 was 1,079 tonnes, down just 1% on the same period last year. The WGC said conditions differed from market to market,…

Read More »