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Happy to join today Watch & Jewellery Initiative 2030 CEO FORUM! THE FUTURE OF JEWELRY IS SUSTAINABLE

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Thank you to all the Turkish press for their wonderful interviews and the interest you took in certification. An international certificate gives a client 3 things: ✅ value: up to 30 % more value with an international certificate. ✅protection: without a certificate you don’t know what you are buying, even with a local certificate you have no guarantees. ✅ speed: if you want to sell a vintage or high-value piece of jewellery, it will, on top of the extra value, sell much quicker. ✅ insurance: without a certificate you cannot insure your jewellery correctly. You never know when it gets damaged, lost or stolen. #diamonds #jewellery #luxury #luxurygoods #jewels https://lnkd.in/eZ7tvQP3

Few days ago the announcement of the takeover of Vhernier Group by Richemont. Now -after a very short time- another news about another prominent Italian jewellery brand: Roberto Coin S.p.A. Watches of Switzerland Group PLC acquired the exclusive distribution rights for the Roberto Coin brand for its North American markets, including the USA, Canada, Central America, and the Caribbean, through the acquisition of Roberto Coin’s US associated company, Roberto Coin Inc. $130M the amount of the deal. Roberto Coin is a Vicenza based brand with a strong position in the North American market. Along with colorful collections, it sells jewelery with “Cento” diamonds: a particular diamond cut into 100 facets. Post edited on 13 May 2024. #jewelry #jewellery #diamonds #jewellery #luxury #luxurygoods #jewelryindustry

Rolex Still Dominates The Swiss Watch Market: Swiss watches are renowned for their precision, craftsmanship, and quality. In this visualization, we rank the top Swiss watch brands based on their estimated 2023 market share. Sales of Rolex watches are believed to have surpassed 10 billion Swiss francs ($11.2 billion) for the first time in 2023, significantly outpacing rivals like Cartier CHF 3.1 billion ($3.5 billion) and Omega CHF 2.6 billion ($2.9 billion). Additionally, Rolex has strengthened its dominant position in the market, capturing a remarkable 30.3% retail market share. (Revolutionwatch)

Swiss Watches: Market Share by Brand in 2023 👇 𝗥𝗼𝗹𝗲𝘅'𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 - Sales surpassed 10 billion Swiss francs ($11.2 billion) for the first time. - Achieved a 30.3% retail market share, significantly higher than any competitor. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲 by 𝗠𝗮𝗷𝗼𝗿 𝗕𝗿𝗮𝗻𝗱𝘀 - Cartier: 7.5% market share with CHF 3.1 billion ($3.5 billion) in sales. - Omega: 7.5% market share with CHF 2.6 billion ($2.9 billion) in sales. - Patek Philippe: 5.6% market share. - Audemars Piguet: 4.9% market share. 𝗢𝘃𝗲𝗿𝗮𝗹𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 - The "Big Four" brands (Rolex, Patek Philippe, Audemars Piguet, Richard Mille) combined for a 43.9% market share, up from 36.9% in 2019. 𝗡𝗼𝘁𝗲𝘄𝗼𝗿𝘁𝗵𝘆 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀 - Vacheron Constantin entered the billionaires’ club with sales reaching CHF 1.097 billion ($1.23 billion). Source - Visual Capitalist #money #luxury #watches #rolex #cartier #omega *** If you enjoyed reading this or learned something, ♻️ share this with others and 🔔 follow me Taras Rybak for more.

⌚Swiss Watches: Market Share by Brand in 2023 The Swiss watch industry has once again proven its unparalleled craftsmanship and enduring value in the luxury market. According to LuxeConsult and Morgan Stanley, In 2023, the industry achieved a staggering CHF 26.7 billion ($30 billion) in sales, setting a new record. 🏆 At the forefront is Rolex, with sales crossing the 10 billion Swiss francs($11.2 billion) mark, solidifying its position with a 30.3% market share. 💎 The premium segment, with watches priced over CHF 25,000 ($28,000), has been the growth engine, contributing to 69% of the market’s growth and accounting for 44% of the total export value. 📈 The “Big Four” - Rolex, Patek Philippe, Audemars Piguet, and Richard Mille - now command a 43.9% market share, up from 36.9% pre-Covid. Source:🔗 https://lnkd.in/gysihUga #SwissWatches #LuxuryMarket #IndustryGrowth #Rolex #PatekPhilippe #AudemarsPiguet #RichardMille

Van Cleef & Arpels will no longer authenticate their iconic bracelets, a surprising move with a sad reason behind it. The brand's bracelets, known for their stunning design, have gained immense popularity. However, due to the rise of extremely convincing fakes, Van Cleef can no longer distinguish between originals and copies. From now on, the only way to verify authenticity is with the original certificate. This issue isn’t unique to Van Cleef—brands like Panerai, Rolex, and Patek Philippe also struggle with counterfeit products. Panerai, for instance, has seen fakes so convincing that second-hand dealers won’t accept them without certificates. The counterfeit market costs the luxury industry billions, and it’s not just about money. Buying fake goods often supports poor working conditions and undermines legitimate businesses. In conclusion, always buy genuine luxury items with proper authentication. You’ll not only get the real thing but also support the brands that create them. To read the full article, visit our website. Link: https://lnkd.in/ehqGGb96

VENEZIANICO ENDS 2023 WITH OVER €7 MILLION IN REVENUE   An extraordinary year for the watch brand from San Donà di Piave: Venezianico closes the year with a turnover exceeding €7 million, more than doubling compared to 2022 and experiencing a triple-digit percentage growth. Founded in 2017 by brothers Alberto and Alessandro Morelli, Venezianico has rapidly captured the hearts of the national and international watch market in just six years of operation.    With a mission to create high-quality automatic watches, distinguished by a distinctive design embodying the "#Venetian spirit" in its entirety, and the values that have characterized the Serenissima since the Renaissance; in a few years, this watchmaking brand has managed to establish itself with a distinctive positioning in a market dominated by historical and major brands in over 100 countries worldwide. #watch

Ashok Sonthalia, Titan's CFO, shared insights on the potential impact of the lab-grown diamond segment on the company's business and Titan's strategy concerning this emerging market. He noted that while the lab-grown diamond market has gained significant traction in America, particularly in the bridal ring segment, its growth in the European market has been less pronounced. In India, some new brands have entered the lab-grown diamond segment, leading to a rapid decline in prices. However, despite the price decrease, consumer acceptance of lab-grown diamonds remains relatively low. Sonthalia emphasized that Titan's business has yet to feel any significant impact from the lab-grown diamond segment but acknowledged the importance of closely monitoring this development as lab-grown diamonds emerge as a segment within the jewellery industry. Watch: https://lnkd.in/gt4J_KNQ | #ashoksonthalia #labgrowndiamond #diamonds #titanq4results #businessnews