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Italy's fashion industry faces potential tariffs amid a global sales decline, posing a threat to its significant economic contributions.
De Beers sees an 8% rise in US diamond demand, as India overtakes China, offering growth glimpses despite market challenges.
De Beers and Botswana fortify their partnership with extended mining licenses and a new sales agreement, ensuring diamond production stability amid industry challenges.
Gemfields suspends emerald sales at its Kagem mine amid Zambia's export tariff reinstatement, impacting the precious stones market.
LVMH's watch and jewelry division rebounds with a 3% sales rise, fueled by American spending, innovative collections, and a focus on high-end consumers.
India's diamond industry faces export challenges, pivoting to domestic market growth while navigating global demand shifts and strategic industry adjustments.
Botswana and De Beers finalize a pivotal diamond deal, guaranteeing economic stability through enhanced diamond sales and development funding.
Explore the significant contraction in China's luxury market for 2024, with an 18% to 20% decline, as reported by Bain & Company. Discover the factors affecting sales and future growth prospects.
Richemont, Cartier's parent company, posted a 10% sales growth during the holiday quarter, reflecting robust performance in the luxury sector.
Luxury brands pivot to the U.S. amid China's market challenges, banking on American affluence to drive sales in high-end goods, leveraging a strong dollar and market resilience.
Signet Jewelers' shares dropped due to weak holiday sales, revising its fourth-quarter projections and highlighting market challenges.
Gemfields confronts a significant tax increase as Zambia reinstates a 15% export duty on emeralds, affecting the company's financial and market positions.
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