The US watch and jewelry market experienced a downturn in January, marking the first decline in sales in over a year. According to the latest data from the US Department of Commerce, sales dipped by 3.0% compared to January of the previous year. Further revisions to sales figures for November and December indicate slower-than-expected growth. […]

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LVMH saw improved performances from its watches and jewelry businesses during 2023, with reported revenue up three per cent to $11.84bn. Organic revenue grew by a “robust” 7 per cent and profit from recurring operations was also up 7 per cent, the company said in its full year results published on 25 January. The French […]

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Signet remains by far the biggest-grossing jeweler in North America, according to National Jeweler magazine’s annual State of the Majors report on $100m supersellers published yesterday. Total sales of watches and jewelry at its 2,854 outlets and online were $7.29bn during 2022 – more than double the revenue of second-placed Walmart ($3.38bn). Richemont, the Swiss […]

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A teenager collected a jacket from his school’s clothing donation program . . . and found two diamond rings, two Gucci watches and an emerald bracelet inside a pocket. Luke Coelho, 17, from Worcester, Massachusetts, USA, set about tracing the rightful owner. Thankfully the jacket bore the name Dave and the logo of a uniform […]

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