Rolex CEO warns of challenges in the future
Smaller watchmaking businesses may suffer a 15% drop in sales this year but still end up larger than before the post-pandemic boom, the chief executive…
Category: Jewellery & Watches
De Beers is for sale
Anglo American is exploring an initial public offering of its diamond business De Beers, two people familiar with the matter told Reuters on Tuesday, with London the…
Richemont Group acquires privately owned Italian jeweler Vhernier
Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Forty-year-old Vhernier…
Audemars Piguet opens new house in Milan designed by Piero Lissoni
Manufacture Audemars Piguet is pleased to announce the inauguration of its new AP House in via Bagutta, in one of the most prestigious neighborhoods of…
Swiss watch exports massively soaring
For the third consecutive year, watch exports experienced strong growth in 2023, exceeding the 26 billion francs mark for the first time. But a few…
Jacob & Co opens new store in Seoul
Located in The Hyundai Trade Center Store, the Jacob & Co. Seoul boutique opens in partnership with retail leader Time Palace. The Jacob & Co. boutique hosted…
Demand for major luxury watch brands on the decline
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that…
Bucherer (Rolex) partners with Mytheresa for its fine jewellery
Bucherer has announced that its jewellery brand Bucherer Fine Jewellery will be exclusively available with luxury online retailer Mytheresa, marking the brand’s first online retail partnership. The…
Rolex acquires luxury watches and jewelry retailer Bucherer
Rolex has confirmed the acquisition of major international luxury watches and jewellery retailer Bucherer. After a nearly 100-year-long authorized retailer relationship between the two brands, Rolex will…
Luxury goods, a prime investment for money launderers
Luxury goods and their potential connection to “dirty money” or illicit activities is a constant subject of scrutiny and concern. Most luxury brands have faced…
OMEGA unveils new Summer Blue Sea Master watches
Omega has just presented to part of the watch press in the idyllic setting of Mykonos in Greece, this brand new Summer Blue collection which…
The story of the TAG Heuer Monaco watch
The Monaco watch from TAG Heuer has a fascinating story behind its creation. Introduced in 1969, it quickly became an iconic timepiece that pushed the…
China remains largest luxury timepieces market in 2023 … so far
China has been one of the largest markets for luxury watches. The rise of the affluent middle class and increasing disposable income in China has…
Van Cleef & Arpels new production site will generate over 500 jobs
The jewellery power house announces the creation of two workshops, the second French basin in terms of number of jobs and companies in the field…
Fontainebleau Las Vegas Reveals Luxury Retail Shopping Concept
Fontainebleau Development, which owns the historic Fontainebleau Miami Beach, first proposed a Fontainebleau on the Las Vegas Strip in 2005. A recession, a pandemic, and…