Research and Markets has announced the addition of the “Worldwide Jewelry Market Demand and Opportunities” report to their offering.
The report covers global gems and jewelry industry structure, market size, trends and opportunities prevailing. In terms of geography the publisher has discussed United States, which accounts for the largest percentage of the market, European Union including [...]
Africa
New report Covers Worldwide Jewelry Market Demand and Opportunities
Asia
Thailand’s Exports of Gems and Jewelry Expected to Increase by 10-15% This Year
Thailand’s exports of gems and jewelry are expected to increase by some 10-15% to to US$11.826-US$12.364 billion this year, according to Mrs. Srirat Rastapana, Director General of the Department of Export Promotion in Thailand’s Ministry of Commerce.
According to Rastapana, gems and jewelry earnings jumped 18% to US$9,761 billion in 2009. With a real commitment to [...]
Company News
De Beers 2009 Sales: $3.84 Billion; Company Positioned to Benefit from Market Upturn
In line with most products in the luxury goods sector, the diamond industry was severely affected in 2009 by the global recession. The combination of three principal factors – high stock levels throughout the diamond pipeline, constricted liquidity in the industry, and lower levels of retail and consumer demand – led to substantially lower demand [...]
Americas
LVMH Confirms the Soundness of Its Strategy in 2009; De Beers Solitaire Diamonds Provide Benefits
LVMH Mo?t Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 17.1 billion Euros in 2009. In a difficult economic environment, the Group continued its strong growth in Asia and showed good resilience in Europe. Louis Vuitton recorded double-digit revenue growth for the year.
In the Watches & Jewelry business group, an improvement [...]
China
Rio Tinto Appoints Ian Bauert as Managing Director in China
Rio Tinto has appointed Ian Bauert as managing director, China, with immediate effect. Ian will be based in Shanghai and will lead Rio Tinto’s 160-strong team of employees in Beijing, Shanghai and Guangzhou. He speaks fluent Mandarin and established the company’s first office in China more than 25 years ago. Ian has since held [...]
China
Case of Rio Tinto Employees Detained in Shanghai China Transferred to People’s Procuratorate
Rio Tinto says that the Chinese Public Security Bureau, which is investigating the four Shanghai employees detained on 5 July 2009, has transferred the case to the People’s Procuratorate.
Sam Walsh, chief executive Iron Ore, said, “This transfer is the next stage in a continuing legal process under Chinese law. It would not be appropriate [...]
Company News
De Beers: 83% of Diamdel Auctions to non-Sightholders in 2009 Sold Upon Initial Presentation
Diamond News: During the course of 2009 Diamdel continued to sell a full range of rough through both its traditional direct sales channel, and innovative online auction channel. Auction sales in particular played an important role in helping Diamdel provide access to rough to all those non sightholder companies who have registered with the company [...]
Americas
Forevermark Sales Top $100 Million in First Year of Launch
Stephen Lussier, CEO, Forevermark announced today that Forevermark has achieved over $100 million in retail sales within the first 12 months of launch.
“The launch of Forevermark into China, Hong Kong and Japan has, despite the economic downturn gathered strong momentum. Our partner jewellers have seen Forevermark, with its unique promise of [...]
Americas
Richemont Sales Down 15%
Richemont, the Swiss luxury goods group, sales decreased by 15 percent to € 2,379 million for the six-month period ended 30 September 2009. The company’s operating profit decreased by 39 per cent to € 390 million, while profit from continuing operations decreased by 36 per cent to € 345 million. The luxury goods industry has [...]
Company News
Strength by Luxury Goods Shoppers in Asia and Online Bring Glimmers of Hope to Beleagured Industry, Says Bain & Company
Buoyed by a projected 12% year-over-year increase in sales in 2009 in mainland China and 20% growth of sales online, the decline for the worldwide luxury goods industry will be less than expected in 2009 and poised for 1% overall positive sales growth in 2010; this is according to findings from the 8th edition of [...]
Asia
2009 Asia Diamond Focus – Shining a Light on the Future
Suffering from global economic recession, the international diamond market encounters a strong impact, it is indisputable that the diamond industry has been dragged into recession by the weak demand. In great contrast, the emerging Asian market grows energetically. According to relevant statistics, China diamond import and export volume reached $0.69 billion, up 6.9% on last [...]
Americas
Tiffany Sales Exceed Expectations
Sales and net earnings for Tiffany & Co. for its second quarter ended July 31, 2009 were below last year but exceeded expectations. Tiffany management has increased its outlook for the full year accordingly.
Michael J. Kowalski, chairman and chief executive officer, said, “While economic and retail conditions remain challenging, we were encouraged to see many [...]
