Rapaport Intelligence Report: The Brand Divide
Luxury groups are reporting strong sales at their jewelry maisons. Why isn’t the diamond trade reaping the rewards?
Latest Retail
Segment, which includes Boucheron and Pomellato, records double-digit growth in third quarter.
Group revenue up 3% year on year in third quarter.
Spending up 0.8% from previous month to $745 billion.
Revenue over comparable period last year came in at $972 billion.
Shopping period is expected to grow 9% to over $85 million.
Overall revenue up 25% year on year.
Execs Joan Hilson and Pam Cloud discuss the jewelry group’s latest deals and strategies.
New 4,505-square-foot space is in Marlton, New Jersey.
Spending likely to rise 7% year on year to $275.1 billion.
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