United States
The United States is a major market and influencer in the global jewellery trade, with trends, consumer behaviours, and supply chain dynamics that impact UK jewellers, designers, and suppliers. From leading jewellery brands and technological innovations to sourcing opportunities and trade agreements, the US offers valuable insights and commercial potential for UK businesses. Jewellery Focus covers US market developments, brand activities, and industry trends that help UK trade professionals understand and engage with this key international market.
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Jul- 2022 -28 JulyRetailers
LVMH revenues rise 28% to ยฃ23.9bn in H1
LVMH has reported a 28% rise in revenues for the first half (H1) of 2022, from โฌ28.6bn (ยฃ23.9bn) in H1 2021 to โฌ36.7bn (ยฃ30.7bn), with all business groups achieving double-digit organic revenue growth over the period. The groupโs Watches and Jewellery revenues grew 22% from โฌ4.02m (ยฃ3.3m) in the first…
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Apr- 2022 -13 AprilRetailers
LVMH Q1 revenues surge 29% to ยฃ11.62bn
The LVMH Group has recorded a 29% year-on-year surge in revenues from โฌ13.95bn (ยฃ11.62bn) to โฌ18bn (ยฃ14.99bn) in the first quarter of 2022 (Q1 FY22), and a 23% rise in organic revenue. LVMH said this was achieved against a backdrop of continued disruption from the health crisis and marked by…
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Mar- 2022 -11 MarchEvents
Programme of events unveiled for Vicenzaoro this March
Vicenzaoro is set to rally sector institutions, thought leaders and key influencers for five days of talks and conferences on the evolution and prospects of the gold and jewellery industry. The event will take place in Vicenza from 17th to 21st March 2022 during the International Jewellery Show organised by…
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Oct- 2021 -14 OctoberRetailers
LVMH sees Watches and Jewellery revenues surge 49%
LVMHโs Watches and Jewellery business group recorded organic revenue growth of 49% in the first nine months of 2021 compared to the same period of 2020. The group also saw an increase in 4% compared to 2019, excluding Tiffany, which was consolidated for the first time in 2021.ย Driven by…
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Apr- 2021 -20 AprilAppointments
Gembridge appoints Chinese ambassador
Gembridge has announced the appointment of Chen Shen, a specialist in Colombian emeralds and a board member of the International Colored Gemstone Association (ICA) to expand its business in China. Shen will join a network of Gembridge industry ambassadors in the United States, Europe, South America, the Middle East and…
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Mar- 2021 -1 MarchAppointments
De Beers appoints head of HR
De Beers Group has announced the appointment of Joy Roman as its new executive head of Human Resources.ย She will succeed Ann Cormack in the role, who is leaving the group to pursue new opportunities outside the business, and will join De Beers Group on 22 March, working remotely from…
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Jan- 2021 -5 JanuaryEconomy
Diamond trading slows over Christmas
Diamond trading slowed down over the holiday season as the industry shifted focus to retail and as diamantaires took their end-of-year break, according to Rapaport USA. The volume of 1-carat diamonds on RapNet declined 24% in the second half of 2020, with the top 10% of diamonds in that category…
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Nov- 2020 -25 NovemberAuctions
Ghandi’s pocket watch sells for ยฃ12k at auction
A silver plated Swiss pocket watch, once owned by Mahatma Gandhi, has sold for ยฃ12,000 at East Bristol Auctions last Friday (20 November). The โworn and brokenโ timepiece, originally estimated to sell for up to ยฃ10,000, follows a sale of a pair of glasses, also believed to have been Ghandiโs,…
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Sep- 2020 -18 SeptemberDesigners
LVMH set to block Tiffany’s court petition
LVMH has announced it plans to block a court petition launched by jewellery company Tiffany & Co, who is attempting to fast-track legal proceedings after LVMH exited a proposed $16bn (ยฃ12bn) merger. The Louis Vuitton owner had agreed to the merger last year, but pulled out last week due to…
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18 SeptemberUncategorized
LVMH set to block Tiffany’s court petition
LVMH has revealed plans to block a court petition launched by jewellery company Tiffany & Co, who is attempting to fast-track legal proceedings after LVMH exited a proposed $16bn (ยฃ12bn) merger. The Louis Vuitton owner had agreed to the merger last year, but pulled out last week due to โโrecent…
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