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Retail sales of jewelry and other luxury items fell sharply in Hong Kong in June amid increasingly cautious consumer sentiment and a slowdown in tourism. Revenue from jewelry, watches, clocks and other valuable gifts dropped 17% year on year to HKD 5.75 billion ($734.4 million), the municipality’s Census and Statistics Department reported last week. Sales … Read more

Synthetic diamonds are a fundamental threat to the natural diamond industry. They are not just a competitive product like gems, pearls, or gold jewelry. They are a replacement product. Their marketers shout out: Don’t buy natural diamonds, buy synthetic diamonds because synthetic diamonds are more ethical. They are cheaper. They build up synthetic diamonds by … Read more

Sales and profit from watches and jewelry at LVMH Moët Hennessy Louis Vuitton grew in the first half of 2019 amid a strong performance by its Bulgari brand, the company reported Wednesday. Revenue for the categories rose 8% to EUR 2.14 billion ($2.38 billion) in the six months ending June 30, while profit increased 5% … Read more

Fitsch Solutions. a risk management agency, reported that Endiama, Angola’s state-owned diamond mining company, will be privatized, with a portion of its capital to be sold on the country’s growing stock exchange, the BODIVA. Fitsch reported that in May 2019, President Lourenco had presented a plan to create a National Solid Mineral Resources Agency in … Read more