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May 8, 2024 | 
jewellermagazine.com | Samuel Ord |Kathryn Wyatt |Trish Bucheli-Preece |Arabella Roden
Vhernier, founded in 1984 and based in Milan, specialises in bold pieces using unusual gemstone and metal combinations. Following the acquisition, it is Richemont’s 29th brand. Collections include Calla and Palloncino, sold through brand-only stores in Europe and the US. Chairman Johann Rupert said the company would be a strong addition to Richemont’s existing brands.
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Apr 29, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
Late last week, news broke that BHP had made an unsolicited $USD39 billion ($AUD59.66 billion) offer to acquire Anglo American. The all-stock buyout offer has been declined, with Anglo American describing the proposal as ‘highly unattractive’. “The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” chairman Stuart Chambers said in a statement.
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Apr 26, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
BHP Group Limited has made a $USD38.8 billion ($AUD59.43 billion) bid for Anglo American, which the company described as an “unsolicited, non-binding and highly conditional combination proposal.”BHP (Broken Hill Proprietary Company) was founded in 1885 and is headquartered in Melbourne. By market capitalisation ($USD144.7 billion), it is the 93rd largest company in the world. CEO of Anglo American Duncan Wanblad told Rapaport News that the company was open to all possibilities.
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Apr 22, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
De Beers reported sales of $USD445 million ($AUD691.6 million) in April, a decrease of 18 per cent on a year-by-year comparison. With that said, this marked a 3 per cent increase from the previous sale. CEO Al Cook said that the results from the sale, which occurred in Botswana from 2-5 April, indicated that the market remains cautious.
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Apr 22, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
Group revenue decreased by 2 per cent for the quarter, reaching €20.69 billion ($AUD34.27 billion. Sales among jewellery and watch brands declined by 5 per cent, finishing at €2.47 billion ($AUD4.09 billion). Sales were reportedly strong in the US, Europe, and Japan, with luxury spending boosted by increasing levels of tourism from China. LVMH reported a 9 per cent increase for the past financial year, overcoming a slowdown in sales in the second half.
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Apr 11, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
The Hong Kong Important Watches auction, held on 7 April, raised $USD16.1 million ($AUD24.75 million). The feature of the evening was the sale of a Patek Philippe reference 2499 (1960), which provoked fierce bidding among buyers. After nearly 20 bids, the watch was sold for $USD1 million ($UAD1.54 million). A Patek Philippe reference 2526 was sold for $USD729,977 ($AUD1.12 million), setting a record for the highest return for this specific model.
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Apr 5, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
The 6.21-carat fancy vivid pink diamond is expected to return $USD15 million ($AUD22.78 million) at the 13 May auction. The event will be hosted at the Hotel President Geneva for the first time. More than 100 specially curated pieces from designers, including Cartier, Suzanne Belperron, and Van Cleef & Arpels, will also be displayed. Another notable entry in the auction is the Amazon Queen, a 280-carat Colombian emerald from a private collection.
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Mar 25, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
The research was conducted by The Knot, a technology company that offers wedding planning services. For its latest report on wedding and engagement trends, the company surveyed more than 9,000 couples. The report found that 46 per cent of couples selected a lab-created diamond in 2023. That figure was just 12 per cent as recently as 2019. The average size of a lab-created engagement ring was 1.8 carats, while natural diamond rings were 1.5 carats on average.
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Mar 18, 2024 | 
jewellermagazine.com | Samuel Ord |Trish Bucheli-Preece |Arabella Roden
The company reported sales of $USD430 million ($AUD653 million) for the sales period ending 1 March. This marked a 13 per cent decline on a year-on-year comparison; however, it was a 15 per cent improvement from the previous sight. CEO Al Cook said there are signs of a recovery in India, while China remains a region of concern. “Ongoing economic uncertainty in the US has led to retailers restocking conservatively after the 2023 holiday season,” he said.
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Mar 7, 2024 | 
jewellermagazine.com | Samuel Ord |Arabella Roden |Trish Bucheli-Preece
The past year was action-packed for the international watch industry, defined by surprising acquisitions and collaborations and the release and embrace of innovative new designs. For retailers, industry analysts, and consumers, it’s only natural that anticipation for what lies ahead would be high after such an exciting year. Just as you might stay up late to reach the end of a gripping novel or a finish must-watch television series, everyone has one question on their mind – what’s next?
