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LVMH Jewellery & Watch Revenues Soar 18% To €10.58 Billion In 2022

LVMH Jewellery & Watch Revenues Soar 18% To €10.58 Billion In 2022

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, reported jewellery and watch revenue growth of 18% to €10.58 billion in 2022,...
India’s Gold Jewellery Demand Slips 2% To 600.4 Tonnes In 2022; Gold Imports Plunge 27%

India’s Gold Jewellery Demand Slips 2% To 600.4 Tonnes In 2022; Gold Imports Plunge...

Total jewellery demand in India for 2022 was down by 2% to 600.4 tonnes as compared to 610.9 tonnes in 2021, it noted. The...
De Beers Rough Sales Down 30% to $450m

De Beers Rough Sales Down 30% to $450m

De Beers today reported $450m of rough sales during its first cycle of 2023, down over 30 per cent on 2022. That's despite reports that...
Lab Grown Boost: India Abolishes Diamond Seed Tax

Lab Grown Boost: India Abolishes Diamond Seed Tax

The Indian government today announced an immediate abolition of the five per cent import levy on the graphite seeds used to create lab grown...
US to Spend $5.5bn on Valentine's Jewelry

US to Spend $5.5bn on Valentine’s Jewelry

US consumers are set to spend $5.5bn on jewelry as they splash out on a record Valentine's Day, according to the NRF (National Retail...
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