Spain

INHORGENTA MUNICH: International like never before

International, diverse and high caliber: That’s how the exhibitor list for INHORGENTA MUNICH looks about one month before the fair’s beginning. Over 1,000 companies will be there. Fine Jewelry and Carat booked out Hall B1 “Fine Jewelry,” where exclusive jewelry creations and especially valuable pieces are exhibited, is completely booked…

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Amazon reduces selling partner fees for jewellery and watches

Online retail giant Amazon has introduced a new tiered referral fee for jewellery and watch selling partners across Europe. According to the retailer, this will “significantly” reduce the cost of selling jewellery and watches priced over €250/£225. The changes are: Watches referral fee changing from a flat 15% in the…

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The gems of the jewellery auction

Between $30-50m (£23.1m-£38.5m) is the expected price the Pink Legacy diamond is expected to fetch at the Magnificent Jewels auction on 13 November at Christie’s in Geneva. “The saturation, the intensity of this stone is as good as it gets in a coloured diamond,” says Rahul Kadakia, international head of…

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Brand Q&A: Sepanta Design

What’s your background and how did you get into the industry? We started Sepanta in 2014. Both my partner and I come from an architectural background but we always had a passion for creating jewellery pieces. It was a Christmas day that we sat down and decided we needed make…

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‘Landmark year’ of jewellery sales for Sotheby’s

Auctioneers Sotheby’s recorded a ‘landmark year’ for jewellery sales in 2018, with worldwide sales totaling $414m (£328m) for the year. Worldwide watch sales totalled $88.5m (£70.2m), up 60% on 2017 ($55.4m), with 55% of the bids for watches being placed online (42% for jewellery sales). The number of jewels sold…

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High street health

Two interesting things struck me in our news coverage this month. First a new selling feature on photo-sharing social media app, Instagram, was ignored by more than 80% of retailers in its first week. A new ‘Shopping’ feature was rolled out to business accounts in the UK, as well as…

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The Farnese Blue Diamond sold for $6.7m at auction

The Farnese Blue, a 6.16-carat pear-shaped dark grey-blue diamond which has passed through the hands of four European royal families, has been sold at auction for $6.7m (£4.9m) The diamond hit the public market for the first time in over 300 years and was sold after four minutes of bidding…

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Counterfeiting hits nearly half of brands

Almost half (47%) of brands lose sales revenue to counterfeit or pirated goods, new research from brand protection firm MarkMonitor has revealed. In the study conducted by market research firm Virtuous World, one in three respondents  also reported a loss of more than 10%. Respondents from the UK, US, Denmark,…

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Over 80% of national retailers snub new Instagram tech

A new selling feature on photo-sharing social media app, Instagram, has been ignored by more than 80% of retailers in its first week, according to Cybertill. Instagram rolled out a new ‘Shopping’ feature to business accounts in the United Kingdom, as well as Germany France, Italy Brazil, Canada, Spain and…

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Historic diamond ‘The Farnese Blue’ to auction for first time

Historic diamond, ‘The Farnese Blue’, will appear on the market for the first time in its history this spring, after having remained in the same family for over three centuries. Given to Elisabeth Farnese the Queen of Spain, on a diadem that formerly belonged to Marie-Antoinette, the diamond has subsequently…

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