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This week: Is too much turnover hurting Tiffany? Gen Z reshapes the watch market. How watches make the Olympics more exciting. All below.
Jewelry business closures increasing, JBT says
– The U.S. is “a jewelry safe haven”
Hodinkee will stop selling watches
InStore: Despite falling prices, consumers still clamor for lab-growns
– Abe Sherman: lab-growns having impact on profits
– Rapaport/GIA webinar on lab-grown diamonds (video)
Namibia bemoans lab-grown popularity
– Debmarine says it’s getting more sustainable
French lab-grown company Diam Concept enters receivership
New York dealer arrested for swapping naturals with lab-growns
De Beers cuts production, for second time this year
-Gets cash infusion
– Financial Times asks if natural diamond can “regain its sparkle”
Indian diamond industry wants direct payments to Russia
– Armenia becomes major transit country for Russian diamonds
“Budget boost” for India’s diamonds
LVMH admits Tiffany is under “pressure”
– Acquisition “not going according to plan”
LVMH subsidiary buys European outlet malls
– Outlet malls struggle in United States
Arnault says he’s okay with Richemont staying independent
Kering sees strong jewelry sales
Luxury watchmakers’ earnings reports tell us “very little”
High-end shoppers optimistic about their finances
Why luxury brands need to win back middle-class consumers
Are millennials embracing conspicuous consumption?
How Gen Z is reshaping the watch market
Signet looking at lower-priced fashion, self-purchase
Amazon, Better Business Bureau sue fake review site
TikTok users tout “underconsumption”
Chow Tai Fook scores as other jewelry brands struggle
Jewelers Mutual buys pawnbroker insurer
T.H. Baker acquires Case & Case Fine Jewellers
Florida jewelry store owner killed by customer
More charges against California jeweler accused of fraud
Investors want probe of LVMH into Dior contractors
Former GIA governor Rod Ewing dies
Store designer Ruth Mellergaard dies
Bulgari names Laura Burdese deputy CEO
Paul Zimnisky podcast guest: former De Beers exec Charles Stanley (audio)
Sales double at watchmaker Christopher Ward amid U.S. expansion
Watch brands explore travel retail
– Brands take to the high seas
– A Swiss watch “safari”
San Francisco Saks Fifth Avenue transitions to appointment only
Maine jeweler goes viral
Interview with jeweler known for Hailey Bieber TikTok proposal
Salt Lake City jeweler becomes Olympic winner
Chaumet designs Olympic medals using very Parisian metal
Queen Camilla donned this historic piece at the opening of Parliament
How precision timekeeping improves Olympic drama
Baskin-Robbins partners with jewelry designer
Indian laborer finds diamond worth $95,000
Can you spot the diamonds hidden among the pearls?
Media Watch
The New York Times on watch microbrands, Louis Vuitton’s reintroduction of a classic watch, the Arab Watch Guide, and a timepiece devoted to peace.
From the Podcast
The Jewelry District, Episode 126: John Mayer, Russian Sanctions, Richemont, Saks and Neiman, JVC
Email: rbates –at – jckonline.com
– X: @robbatesjck
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Have a great weekend.
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