US jewellery retail sales experienced a 4.3% fall this holiday season, which ran from 11th October through 24th December. However, online jewellery sales shot up 44.6% over the 75-day period, according to market intelligence provider Mastercard SpendingPulse. Overall US holiday retail sales excluding automotive and gasoline increased 3% this expanded holiday season. Notably, online sales […]

The post Mastercard SpendingPulse U.S. Online Jewellery Sales Grew 45% This Holiday Season But Retail Sales Slipped 4% appeared first on The Jewelry Magazine.

Sales of fine jewelry and fine watches continued to rise in November 2019, increasing 3 percent compared to November 2018, as seen in the graph below. This marks the fifth successive month of positive sales. If the results are down slightly over October – just 0.2 of a percent – it’s still evidence that there […]

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Compagnie Financière Richemont SA (Richemont) announcing its Unaudited Consolidated Results for the six months ended September 30, 2019, which corresponds to the first half of the Company’s Financial Year 2020 (H1 FY 2020), said that revenues for the period had risen by 9% at actual exchange rates and by 5% at constant exchange rates to […]

The post Richemont Revenues Increase By 9%, Profit Stable for H1 FY 2020 Amidst “Heightened Global Uncertainty” appeared first on The Jewelry Magazine.

China’s jewellery market is seen to improve exponentially over the years through brand-building, consumer transparency and creating more engaging “buying occasions,” according to the World Gold Council (WGC). In its Gold Investor report for October 2018, the council cited “significant potential to drive further growth, leveraging China’s continued economic expansion and increasing disposable income.” The […]

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Hong Kong’s jewellery sales in July stayed in positive territory, recording a 16.8 percent increase compared to the same period last year, data from the Census and Statistics Department showed. Sales value reached HK$7.25 billion (around US$920 million) during the period in review, government data further revealed. From January to July, the figure went up […]

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