Jewellery News India

Alexandre Arnault, son of LVMH chairman and CEO Bernard Arnault, will go away his position as CEO of luxurious luggage manufacturer Rimowa – additionally a part of LVMH – to become Tiffany & Co.’s executive vice-president of product and communication. Arnault’s new position largely replaces the position of Daniella Vitale, who will leave Tiffany slightly over a 12 months after being named as its government vice-president and chief brand officer. In a press release launched on its web site, LVMH administration expresses “surprise” at Tiffany & Co.’s legal filing in the US, calling it “completely unfounded” and “communicated in a misleading way to shareholders and… defamatory”.

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Our survey goals to offer insights on recent tendencies to local retailers seeking to outline their strategic business plans and help shape a greater future for the industry. John Glajz, Argyle Pink Diamonds Icon PartnerTM, says, “It has been an honor for me to collaborate with Muzo and Argyle within the improvement and design of this fourth Green Jewel Collection.. Quince—known for responsibly-made, transparently-priced luxurious staples with high quality that competes with designer brands—brings that very same approach to their selection of dainty designs perfect for every day wear.

Gn Diamond Introduces Natural Diamond Pendant Program

In 2016 the two associations combined to type the Midwest Jewelers Association hoping they may provide elevated membership companies, schooling, communication and collaboration to its members that could not be accomplished individually. Membership between the 2 former associations has decreased to around 100 store fronts complete. In 1906, the Minnesota-North Dakota Jewelers Association was formed with the identical goal in mind. However, it still have to be mentioned that today – even with a market share somewhere in the per cent range – De Beers nonetheless does much more for the business than any other player.

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Our Gold Demand Trends report shows a 17% y/y rebound in China’s gold jewellery consumption in H1 . While most retailers believe gold jewellery markets in their regions might have reached saturation, some – primarily from high-tier cities – see potential. Grizzly Mining has reported “strong sales” from its latest public sale of rough emeralds in Dubai, which included an distinctive 4,145-carat gemstones that offered for over $1m. Reliance Brands Ltd has launched a new luxurious label called AFEW Rahul Mishra in collaboration with Indian designer Rahul Mishra. The assortment, which includes girls’s clothes, jewelry, luggage, and footwear, was presented on the Palais de Tokyo in Paris.

Celebrity Inspired Wedding Ceremony Necklaces For Brides To Be

They know that younger consumers are extra doubtless to spend their time and cash in business complexes with their numerous leisure and dining choices. Other than affordability, we believe trade innovation has performed a significant function within the rising recognition of lightweight merchandise. By combining varied gems with these things and continuously upgrading designs, the trade has successfully grabbed the eye of the youthful shopper. Many retailers informed us that sales fell off a cliff after the International Women’s Day in March. The weaker-than-expected economic recovery, a record-high RMB gold worth and seasonality drove this decline.