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PARIS/MILAN (Reuters) - French luxury goods group LVMH plans to overhaul Tiffany & Co’s vast merchandise lineup to increase the focus on gold and precious gems and take its silver bangles upmarket after closing the $15.8 billion takeover of the U.S. jeweller this month.
FILE PHOTO: A Tiffany & Co store is pictured in the Manhattan borough of New York City, New York, U.S., September 10, 2020. REUTERS/Carlo Allegri
Six sources, including two people with inside knowledge of Tiffany’s operations, told Reuters the owner of Louis Vuitton would also likely revamp the appearance of the jeweller’s stores and boost its presence in Europe and Asia.
Pam Danziger,
DIAMONDS
“Guess what happens when you try to choose a diamond [online]? You’re presented with what amounts to an Excel spreadsheet showing all the diamonds available. You would have to be an expert to pick a stone wisely. You need years and years of education. Try pulling up all the online retailers I’m telling you, if you delete the scribbly logo in the corner, you can’t tell the difference.” Gemist founder
“In [the] absence of willing midstream lenders, [diamond miners] may have no choice [than to provide] credit. This will make the pipeline a much healthier place for everyone. If the producer extends credit, it must double-check or even triple-check the financial strength of its clients.… That’s almost like going back to the ‘old days,’ where one knew that sightholders were solid and dependable, trustworthy companies.”
Luxury Italian brand Bulgari s New Zealand debut days away nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.