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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...
Lucara Boss Urges EU to Sanction Russian Diamonds

Lucara Boss Urges EU to Sanction Russian Diamonds

Eira Thomas, chief executive of Canada-based Lucara Diamonds, says Russian diamonds "should be sanctioned". She told the Financial Times (FT) that, in her personal view,...
Tanishq Opens First Stores in US and Abu Dhabi

Tanishq Opens First Stores in US and Abu Dhabi

Indian jeweler Tanishq has opened its first stores in the US and Abu Dhabi. It says it is planning further outlets as it expands beyond...
Richemont Jewelry Sales Rise, Despite Covid in China

Richemont Jewelry Sales Rise, Despite Covid in China

Richemont saw jewelry sales rise by 11 per cent in the last three months of 2022, despite a Covid-related slump in China. Buccellati, Cartier and...
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,...
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