Hong Kong Luxury Sales See Further Revival November 30, 2023 Revenue from jewelry, clocks and valuable gifts up 27% year on year in October amid tourism rebound. Retail
Luk Fook Sales Rise Amid Hong Kong Rebound November 30, 2023 Performance in municipality outweighs weak Chinese diamond demand. Retail
Holiday Weekend Shopper Count Exceeds Expectations November 29, 2023 Figure beat NRF’s original prediction by more than 18 million. Retail
Jewelry Strong as Cyber Monday Sales Surpass Forecast November 29, 2023 Spending on category was 99% higher than average day in October, Adobe reports. Retail
LVMH Shuffles Around Jewelry Chiefs November 29, 2023 Jean-Marc Mansvelt will go from Chaumet to Berluti, while Charles Leung heads to Chaumet from Fred. Retail
Tourism Recovery to Boost Global Luxury Spending – Bain November 28, 2023 Jewelry market will exceed $32 billion this year amid investment demand, report estimates. Retail
Low Diamond Demand, Struggling Chinese Economy Dent TSL November 26, 2023 Hong Kong jeweler reports loss of $7.5 million for first fiscal half. Retail
Luk Fook Estimates 40% Rise in Profit November 26, 2023 Tourist rebound and positive consumer sentiment drove growth in first fiscal half, Hong Kong jeweler says. Retail
Jewelry Sees Black Friday Bump in Online Sales November 26, 2023 Mastercard also reports a strong overall performance for the category. Retail
US Demand and New Acquisitions Drive Watches of Switzerland Sales November 19, 2023 Company purchased 19 Ernest Jones watch showrooms from Signet in October. Retail