【Wattens, Tyr】Swarovski to Cut Around 400 Jobs in Wattens
Editor’s NoteSwarovski has announced plans to reduce its headquarters workforce by approximately 400 positions by the end of 2026, citing challenges…
Economic Downturn
【Idar-Oberste】Weak Economy, Tariffs, and Lab-Grown Diamonds: The Diamond Industry is in Crisis
Editor’s NoteThis article examines the sharp decline in diamond prices and weak demand impacting traditional gemstone companies in Idar-Oberstein,…
【Surat, Gujar】Surat Diamond Bourse Struggles Amid US Tariff Threats and Industry Downturn
Editor’s NoteIndia’s diamond sector faces a dual crisis of plummeting exports and impending punitive US tariffs, threatening a key industry already…
Luxury Jewelry Sales Mixed Amid Consumer Pullback
Editor’s NoteWhile global luxury spending faces headwinds, the jewelry category has shown remarkable resilience, as highlighted in this analysis of…
Diamond Industry in Deep Crisis: Is the Century-Old Marketing Myth Shattered?
Editor’s NoteThe latest data paints a stark picture of a global diamond industry in crisis, with plummeting revenues, mounting inventories, and…
【Zurich, Swit】Cartier Jewelry Shines Despite Downturn… Richemont’s ‘Surprise Performance’
Editor’s NoteThis article highlights a strong start to the year, with overall revenue growth of 7% in the first quarter. The performance was notably…
【Bellevue, Sw】Richemont: Luxury Group Records Profit Surge Thanks to Strong Jewelry Business
Editor’s NoteThis article highlights how Richemont’s robust jewelry division has driven a significant profit increase, offsetting challenges in its…
【South Korea】Domestic Jewelry Brands in the 100,000 Won Range ‘Frown’… Only Ultra-Expensive Foreign Luxury Brands Smile
Editor’s NoteThis article examines a striking trend in South Korea’s jewelry market, where economic pressures are deepening a divide: demand for…
【Seoul, South】Researcher Park Se-heon of Wolgok Jewelry Industry Research Institute: “Utilizing AI Will Determine Business Performance”
Editor’s NoteThis article highlights a keynote speech on the challenges and future of the Korean jewelry industry, delivered at the 2024 Jewelry…
【China】Behind the Plunge in Diamond Prices: ‘China’s Marriage Aversion’
Editor’s NoteThis analysis explores a significant shift in global diamond markets, linking a sharp price decline to changing social trends in China….