Inhorgenta continues to expand
Munich, Germany—Inhorgenta Europe, the German jewelry trade fair that is one of Europe's largest designer jewelry shows, will return in February 2008 to the New Munich Trade Fair Centre in...
Tiffany's 3Q sales drop
New York--Weak U.S. sales led to a 1 percent drop in overall sales and a 7 percent drop in same-store sales for Tiffany and Co. for the third quarter, and the retailer says it is planning to cut...
Tiffany 2Q sales up 11 percent
New York—Second-quarter net sales for Tiffany and Co. worldwide increased 11 percent to $732.4 million for the three months ended July 31, largely buoyed by sales growth in the Asia-Pacific...
18-year-old poker player wins gold WSOP bracelet
Annette Obrestad, the 19-year-old winner of the first annual World Series of Poker (WSOP) Europe tournament, walked away with a cash prize of £1 million and the WSOP 18-karat gold jewel-encrusted...
Jan Brassem
Jan Brassem is managing director of Brassem Global Consulting LLC, a firm that assists jewelry retailers in sourcing their jewelry designs in Asia, Europe and North America. You can e-mail him at...
Bulgari loses some luster
For the first quarter, Italian jeweler Bulgari reported an increase in sales to $358.3 million—a figure which fell short of analysts expectations of $365.7 million, Forbes.com reported. The...
A watch that is made for aging: Gerald Genta goes for bronze
In 1998, Gerald Genta became the first to use bronze on the case of a luxury watch. Nearly 10 years later, the watchmaker is introducing the Gefica Safari, a watch that changes color with wear. The...
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LVMH watch, jewelry sales see record growth in 2006
Paris—LVMH Moet Hennessy Louis Vuitton's (LVMH) watch and jewelry sales increased 26 percent (28 percent at constant exchange rates) in 2006 to reach $968 billion.
Report: Luxury goods face first recession
New York--The luxury goods market, once thought immune to the ebbs and flows of economic fluctuations, has begun to feel the effects of the worldwide economic slowdown and will likely enter a...
Cancer research gains new facet due to fine-jewelry store, Beladora.com
A newly launched jewelry Web site, Beladora.com, is donating a portion of its proceeds to ovarian cancer research.
Giant red spinel crystal discovered in East Africa
A piece of pyramid-shaped red spinel was mined from a farmers field in Mahenge, Tanzania. Weighing more than 52kgs, the orangey pinkish-red crystal nearly caused a riot among the hundreds of diggers...
Tiffany moderating, but not stopping, growth in '09
New York--Iconic jeweler Tiffany and Co. plans to open 13 stores this year despite bleary economic conditions, its latest filing with the Securities and Exchange Commission (SEC) shows.
Tiffany to launch eyewear collection
New York—Tiffany and Co. has signed a 10-year eyewear licensing agreement, under which Luxottica Group will design, manufacture and distribute eyewear for the jewelry house under the Tiffany...
Tough time for watch sales
New York--Watch sales are suffering at the hands of the economic slump like the rest of the luxury market, but more modestly priced and classic timepieces are poised to hold their own better than...
A 2009 prediction: Designers will drive palladium
New York--It's purely a matter of time: Palladium fashion jewelry will be the next designer darling.
Expecting slower overall growth in sales, Blue Nile is bullish on a dozen foreign markets
Blue Nile is expanding into 12 additional international markets throughout Europe and Asia this year, according to Internet Retailer. Although last years net sales rose 27 percent from 2006, the...
Binda brings D&G jewelry stateside
New York—A year after launching D&G Time watches in the United States, distribution firm Binda has inked a deal to do the same with the fashion company's jewelry line.
Prices, economy, to drain gold jewelry demand
Historically high gold prices and increased volatility in the market coupled with the economic downturn will have a dramatic impact on global gold jewelry demand in 2009, according to precious-metals...
Sales down 7 percent for Richemont
Geneva--Luxury goods company Richemont saw sales drop 7 percent in actual exchange rates (12 percent on a constant exchange-rate basis) between October-December 2008, with the company calling today...