Diamond Insight: Younger generations more interested in ethics and sustainability as the new status in luxury

  New Research Highlights Generational Shift In Attitudes Towards Provenance Of Luxury Goods. New research published this week in De Beers Group‘s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. This new research by De … Read more

Global Platform For Luxury Fashion Industry Confirms Discussions With Richemont

  Farfetch Confirms Discussions With Richemont Farfetch Limited, the leading global platform for the luxury fashion industry, confirms that they are in discussions with Richemont in relation to a potential expansion of their existing Luxury New Retail strategic partnership. The parties are discussing a number of possible options, including the leveraging of Farfetch Platform Solutions … Read more

The luxury industry has come roaring back, experiencing a V-shaped recovery this year. Report

After a sharp contraction in 2020, the personal luxury goods market grew by 29% at current exchange rates to hit EUR 283 billion, increasing the size of the market by 1% versus 2019 levels. For the future, Bain & Company estimates that the personal luxury goods market could reach EUR 360-380 billion by 2025 with … Read more

These three ladies watches are pushing the limits of feasibility for 2021 Grand Prix d’Horlogerie de Genève

  Three ladies watches among the winners of 2021 Grand Prix d’Horlogerie de Genève. Piaget, Van Cleef & Arpels, and Chopard are among the perennial winners of Grand Prix d’Horlogerie de Genève, one of the most coveted prizes in luxury watchmaking. The 2021 prize list of the Grand Prix d’Horlogerie de Genève (GPHG) was unveiled … Read more

5 luxury timepieces created especially for Only Watch 2021 passed the One Million Barrier

  Only Watch 2021 total of CHF 30m/EUR 28.5m/USD 32.1m brings total raised so far for research to over EUR 100m/ USD / CHF. The auction on 6 November at Palexpo in Geneva exceeded all expectations, bringing together the best of the best in watchmaking and the world community of watch collectors and aficionados to … Read more

GPHG 2021 Prize List: Bvlgari won the Aiguille d’Or Grand Prix

  The 2021 Aiguille d’Or goes to Bulgari for the Octo Finissimo watch. The 2021 prize list of the Grand Prix d’Horlogerie de Genève (GPHG) was unveiled on Thursday November 4 during a festive awards ceremony marking the 20th anniversary of the GPHG. Poetically hosted by Edouard Baer, the ceremony honoured contemporary watchmaking excellence and … Read more