A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Kering Wants to Control Its E-Commerce
The online shopping sites for all of its brands will be handled in-house by the first half of 2020.
Paris—Kering will bring e-commerce for all brands in house by 2020, the luxury conglomerate announced Monday.
For the past seven years, e-commerce for the majority of the dozen luxury brands owned by the Paris-based company has been handled through a joint venture with Yoox Net-a-Porter (YNAP) Group.
But rival Richemont, whose holdings include Van Cleef & Arpels and Cartier, acquired YNAP in May of this year, and so Kering is now looking to transition off the platform, noting that “the success of luxury houses depends upon their ability to offer bold creative propositions, an exceptional customer experience that is consistent across all distribution channels and a unique customer relationship on all devices.”
It said it expects the migration to be complete by the first half of 2020, though it noted it would continue to develop partnerships with third-party e-commerce platforms when relevant.
RELATED CONTENT: Kering Revenue Jumps 28%, Watches and Jewelry ‘Solid’Heading the transition is Grégory Boutté, whom Kering brought on board as chief client and digital officer at the end of 2017. His job is to upgrade the company’s digital capabilities, taking the lead on e-commerce, CRM, data science and innovation.
Kering said e-commerce is its fastest-growing sales channel; it accounted for 6 percent of the luxury conglomerate’s total sales in the first half of 2018.
“Digital can be many different things at once: a distribution channel, a platform for offering seamless omnichannel services to clients, a driver of brand image and visibility, and a tool for engaging with customers in a personalized way,” Boutté said. “Digital technology, data science and innovation provide a way of offering our customers the best possible experience, on every touchpoint.”
The Latest
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
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.
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.
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.