Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Richemont sales ‘subdued’ in Americas
The company saw regional growth of just 2 percent in the five-month period ended Aug. 31, despite its jewelry maisons performing “exceptionally well.”
Geneva--Sales in the Americas rose by 2 percent at constant exchange rates for Richemont in the five-month period ended Aug. 31, with Cartier and Van Cleef & Arpels performing “exceptionally well” in a volatile environment.
Still, the company described sales growth in the region as “subdued,” supported by high jewelry, fashion and accessories, and e-commerce.
Richemont, which owns Cartier and Van Cleef as well as a number of other high-end watch brands, said Wednesday that overall sales for the period increased 4 percent. Sales performances by region were mixed, with double-digit increases in Europe and Japan offsetting decreases in Asia Pacific and soft demand in the Americas and the Middle East.
European sales benefitted from good tourist numbers, helped by the weakness of the euro versus the U.S. dollar and other currencies.
The jewelry maisons, Cartier and Van Cleef & Arpels, reported growth in watch sales in their own boutiques, though the group’s specialist watchmakers--Baume & Mercier, IWC, Jaeger-LeCoultre, Roger Dubuis, Officine Panerai, Vaucheron Constantin and Piaget--saw sales drop 1 percent at constant exchange rates.
Richemont’s jewelry maisons recorded six percent sales growth.
Retail sales, meaning sales at company-owned boutiques, were “strong overall,” with double-digit growth supported by strong jewelry, high jewelry and leather sales. Richemont noted the high retail sales growth in Europe and Japan.
During the period, global retail sales increased 14 percent at constant exchange rates while wholesale dropped 6 percent.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.