De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
TAG Heuer CEO resigns as brand lowers its sights
LVMH watch head Jean-Claude Biver will be running TAG Heuer for the forseeable future, following the resignation of Stéphane Linder.
In a statement issued Wednesday, the company said Linder was leaving to “pursue other professional interests.”
Linder was named CEO only 18 months ago, in May 2013, assuming the role after Jean-Christophe Babin left to head another brand under the LVMH Moët Hennessy Louis Vuitton umbrella, Bulgari.
This past June, TAG Heuer announced it was delaying the release of the Carrera powered by the new in-house CH80 movement, which has an 80-hour power reserve. The company said it would instead focus on producing just one chronograph movement in-house, the CH1887, to “respond more effectively to current market needs.”
Although TAG Heuer claimed the production staff working on the CH80 would not be affected by the delayed release, reports of layoffs and employees’ hours being cut followed in the fall.
The brand also announced that it would focus on introducing more lower-priced, and less complicated, watches going forward.
A native of Switzerland, Linder had been with TAG Heuer for 21 years total, starting in the research and development division in 1993 and rising through the company’s ranks over the years. In 2007, the company promoted him to vice president of product design. He was serving as vice president of sales in North America at the time he was appointed CEO.
The Latest
Sponsored by the Las Vegas Antique Jewelry & Watch Show
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.