Richemont's fiscal first quarter jumped 20% while LVMH's first half crawled 2% higher, Swiss watch exports ran 11.2% hotter in June, and gold slipped under $4,000 before recovering toward $4,090. Here is the week that actually mattered for dealers pricing inventory into the fall.
The two largest luxury groups split by twenty-five points inside five sessions: Richemont printed a 20 percent quarter while LVMH's hard-lux…
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Gold clawed back over $4,000 after its worst week since spring, Anglo American named a preferred bidder for De Beers, and Swiss watch export…
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Richemont ran up 20 percent while LVMH slipped 5, the auction rooms booked record watch numbers, and gold broke below $4,000 for the first t…
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Gold slipped below $4,100 on Iran and oil, then took it all back after a soft June CPI print, closing near $4,088. De Beers idled its Veneti…
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Gold slid under $4,100 after hawkish June Fed minutes, but Phillips booked a record $507m first half on the back of watches. De Beers cut it…
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The trade came out of the July 4 break with gold parked in the low $4,100s ahead of the FOMC minutes, De Beers opening its most consequentia…
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A soft June jobs print snapped gold's five-week skid, pushing spot back to $4,180 and dragging silver to a fresh record near $62.57. Under t…
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The quarter closed the way it traded all month, with gold down roughly 14% since March and bullion near $4,030. Watches of Switzerland booke…
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Gold posted a fourth straight weekly decline near $4,000 as the watch market drowned in record listings, India became the world's second-lar…
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Gold logged its lowest Friday close in 30 weeks as Warsh stayed hawkish, Swiss watch exports edged up 0.4 percent on a 12.3 percent US gain,…
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A trade week of two structural events: the Wednesday FOMC dot plot revision that drove spot gold below 4,200, and the loss of Philippe Stern…
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Phillips New York XIV cleared $75.8 million Saturday on the back of a $13.9 million F.P. Journe record, gold settled at $4,308 on a second s…
Read article →The Market Wrap distills each week's most important developments across the jewelry and watch trade into one actionable briefing — covering gold prices, diamond market shifts, Swiss watch exports, and retail trends that shape dealer and collector decisions.
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