The US branch of Swiss watch and jewelry retailer Bucherer has acquired Leeds & Son, aiming to expand its presence within the US market.California-based Leeds & Son is a family-owned fine-jewelry and watch retailer, carrying brands including Rolex, Patek Philippe and Messika, Bucherer.
News: Trading slow as India shuts for Diwali. Polished prices continue to decline amid weak demand and rising inventory. High-end doing well. De Beers research shows brands gaining market share, boosted by ethical assurances. Insight Report estimates 2021 global rough sales +47% to $16.4B,.
RAPAPORT. De Beers said diamond demand was likely to slow in the coming months amid difficult market conditions, even as sales rose in the third quarter.
The miner’s sales volume increased 17% year on year to 9.1 million carats in the three months ending September 30, parent company.
Consumers are increasingly turning to branded jewelry in search of trustworthy products with clear origins, according to De Beers’ latest Diamond Insight Report.Environmental concerns, social movements and the Russia-Ukraine crisis have sharpened the focus on provenance and sustainability..
Zales will offer a new collection of bridal jewelry featuring larger lab-grown diamonds ranging from 1 to 3 carats.The products are the result of a partnership between the Signet Jewelers-owned store chain and wedding-dress retailer Kleinfeld. They were inspired by bridal details such as lace.