CrimeMay 02, 2024
4 Indicted in Burglary Ring Targeting Indian, South Asian FamiliesThe men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
Events & AwardsMar 31, 2017
Baselworld 2018 Will Be Shorter by 2 Days
The news came Thursday after show organizers announced the fourth consecutive year of declining attendance at the now eight-day-long show.
Attendance at Baselworld declined 4 percent year-over-year, and show organizers have announced that the 2018 edition of the watch and jewelry show will be shorter by two days.
Basel, Switzerland--As the show concluded Thursday in Switzerland, Baselworld organizers issued a press release confirming what was obvious to anyone who went to the annual watch and jewelry show: attendance was down.
A total of 106,000 buyers from more than 100 countries attended Baselworld 2017, down 4 percent from 2016.
The drop marks the fourth year in a row the Swiss watch and jewelry show has marked a single-digit year-over-year decrease in buyer attendance, as it was down 4 percent in 2014, 3 percent in 2015 and another 3 percent last year.
All told, buyer attendance has fallen off about 30 percent in the past four years, from more than 150,000 to just over 100,000.
Due to what Managing Director Sylvie Ritter described as a “challenging phase” for the industry, particularly for smaller companies, show organizers are shortening the show from eight to six days next year and will be adjusting prices accordingly.
Baselworld 2018 is scheduled to begin on Thursday, March 22 and end the following Tuesday, March 27.
The fact that Baselworld 2017 saw attendance decline and reported a 13 percent drop in the number of exhibitors should come as no surprise.
Though it is a touted as a watch and jewelry show, the centerpiece of Baselworld are the Swiss watchmakers, many of which are grappling with declining sales.
Statistics from the Federation of the Swiss Watch Industry show that Swiss watch exports were down 10 percent last year in value terms and have returned to 2011 levels, erasing the gains made between 2011 and 2014.
It was the second year in a row that Swiss watch exports have dropped. A sharp decline in demand in Asia, particularly Hong Kong, fueled much of the decline, though demand also was soft in the United States and Europe.
At a press conference held the day before the show opened, organizers fielded questions from reporters about the future of the struggling show and possible changes that could be made to boost attendance.
One journalist asked if organizers have considered moving the dates of the show to January to coincide with SIHH, eliminating the need for people to travel to Switzerland twice in a short span of time, while another asked if show organizers would consider holding Baselworld every two years instead of annually.
These suggestions were roundly rejected, with show organizers maintaining that the purpose of Baselworld is to present to the “novelties” in jewelry and watchmaking
every year, in the spring in Basel.
More on Events & Awards
The Latest
CollectionsMay 02, 2024
Foundrae Launches ‘Horizon’ Collection“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
FinancialsMay 02, 2024
Pandora Raises Guidance After Strong Q1The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
Brought to you by
Rio’s Reimagined Podcast: For the Love of JewelersMeet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
IndependentsMay 02, 2024
Oklahoma Jeweler Glenn Lewis Dies at 68The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Weekly QuizApr 26, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
AuctionsMay 02, 2024
Vintage Baume & Mercier With Ties to Elvis Sells for $7K Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry RetailWith Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
SurveysMay 01, 2024
Consumer Confidence Falls in AprilConcerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
TrendsMay 01, 2024
Amanda’s Style File: All Eyes on EmeraldsMay’s birthstone is beloved for its rich green hue and its versatility.
SourcingMay 01, 2024
Opsydia Names New Sales and Marketing Director Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
CrimeMay 01, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO ShowLast month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
CollectionsApr 30, 2024
12 Otherworldly Pieces From Tiffany & Co.’s 2024 Blue BookThe “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
MajorsApr 30, 2024
Zales Celebrates 100 Years With New CampaignThe brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
MajorsApr 30, 2024
Platinum Guild International Appoints New CEOTim Schlick has been promoted from his previous position as COO.
Recorded WebinarsApr 29, 2024
Watch: Diamond Identification and Evaluation - How to Protect your BusinessSupplier Spotlight Sponsored by GIA
SourcingApr 29, 2024
De Beers to Move Auction HQ from Singapore to BotswanaSales will be paused while the relocation takes place over the next few months.
CollectionsApr 29, 2024
Simone I. Smith Mixes Denim and Diamonds in New Collection“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
IndependentsApr 29, 2024
Venus Jewelers Relocating After 45 YearsThe retailer is moving to a newly designed space in the same shopping center.
SurveysApr 29, 2024
Mother’s Day Jewelry Spending to Reach $7B, Says NRFGifts that are unique and thoughtful are top of mind this year, according to the annual survey.
CollectionsApr 26, 2024
Piece of the Week: Jacquie Aiche’s Starry Galaxy NecklaceThe necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
SourcingApr 26, 2024
Anglo American Reportedly Shopping De Beers as BHP Eyes Anglo Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Events & AwardsApr 25, 2024
Alexis Padis Takes Over as AGS Board President Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
EditorsApr 25, 2024
5 Tips for Creating Fans from the Top (Savannah) Banana Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
WatchesApr 25, 2024
Audemars Piguet and John Mayer Partner on Limited Edition WatchThe Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
SourcingApr 25, 2024
De Beers Lowers Production Guidance for 2024The announcement came as the company reported a 23 percent drop in production in Q1.
MajorsApr 25, 2024
Detroit Lions’ QB Jared Goff Keeps Going to JaredThe three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
