Spot gold price trend analysis
Spot gold held steady around 1826 during the Asian session on Wednesday (February 9). Gold prices continued to rise on Tuesday (February 8), hitting a two-week high, boosted by rising inflation concerns and tensions between Russia and Ukraine, but gains in the U.S. dollar and U.S. stocks limited gains.
Industry dynamics
1. The Munich Jewellery & Watch Show will be rescheduled to be held in April
The Munich Jewellery & Watch ShowHORGENTA MUNICH, which was scheduled to take place from 11 to 14 February 2022, will be postponed. As an important jewelry, watch and gemstone fair in Europe, INHORGENTA MUNICH has a new date from April 8 to 11, 2022, at the Munich Exhibition Center in Germany.
The postponement of the show was mainly due to travel restrictions. However, the organizer, Munich Messe Group, also stressed that under the advanced concept of protection and hygiene, trade fairs can still be successfully held in special periods. "Our main focus is to create the ideal conditions for our customers to build social networks, get inspired to innovate and achieve business success. Under a brand new date, these are all possible. Elena Jasper, project director in charge of the Munich Jewellery & Watch Show, explains.
2. The addition of Tiffany & Co. has led to the fastest growth of LVMH's jewelry division, which has seen its revenue double last year
Financial Network Life News at Tiffany & Co. Just one year after being acquired by the world's largest luxury group, it may have become a strategic asset of the LVMH Group. In January 2021, Tiffany & Co. was acquired by LVMH Group for $16.2 billion and included in the group's financial results in 2021, the largest acquisition ever made in the luxury industry. It was a record year for Tiffany & Co. and the brand's strong performance led to a 2.7-fold increase in sales in LVMH's Watch and Jewelry division. Prior to the acquisition of Tiffany,LVMH's Watches & Jewelry division lagged behind the Fashion Leather Goods, Select Distribution, Perfume & Cosmetics, Wine & Spirits divisions, which have now moved up to third place. According to LVMH's latest financial report, the jewelry division's organic revenue increased by 40% year-on-year, and its recurring operating income rose by 200%. For Tiffany's success, LVMH CEO Bernard Arnault analyzed that it stemmed from a variety of factors, including Tiffany's senior management changes and the launch of a new marketing strategy for the brand. With a strong team, Tiffany's product positioning has also changed. The brand first launched the first engagement series designed for men, aiming to further expand the brand's engagement ring business, which according to public information, accounts for 26% of the brand's total revenue. Subsequently, Tiffany & Co. and high-end watch brand Patek Philippe launched a limited co-branded joint cooperation nautilus Ref.5711 to commemorate the 170th anniversary of the cooperation, which once again became the focus of the luxury fashion industry.
Brand information
De Beers' new season of The Alchemist of Light's fine jewelry collection
Light is an invisible force, ever-changing. We can't see the light itself, but through the reflection, refraction and absorption of light, we can perceive the colors and shapes of the world. When light intertwines with all things, it changes from invisible to tangible. When it touches a diamond, the beauty of nature shines brightly and is the most dazzling moment.
De Beers Jewellers De Beers Jewelry's new "The Alchemist of Light" fine jewelry collection
Inspired by this natural force, De Beers Jewellers has created a new collection of fine jewelry, "The Alchemist of Light". The collection will be divided into two chapters, containing 7 groups of 45 extraordinary and unique masterpieces. The first chapter will be unveiled at Paris Couture Fashion Week on 24 January, showcasing two sets of fine jewelry, "Atomique" and "Light Rays", and the second chapter will be presented at Paris Couture Fashion Week in July.
Céline Assimon, CEO of De Beers Jewelry, said: "Our new Collection of The Alchemist of Light Fine Jewelry is the ultimate in diamond expertise and artistic ingenuity, with innovative designs that push the boundaries of creativity and craftsmanship. Inspired by the diamonds that de Beers mined, cut and polished to the strictest standards to achieve extraordinary diamonds, this fine jewellery collection blends art and science, fine sculpting and imagination, tradition and modernity. We understand and value that our customers can personalize these wearable artistic masterpieces while also giving them more inspirational stories. As a result, our customers are also true 'Alchemist of Light'. ”
The Alchemist of Light Fine Jewelry Collection Atomique chapter
Seven stunning pieces of "Atomique" Fine Jewelry are created from pure white diamonds, creatively interpreting molecular structures with geometric configurations and abstract patterns. The extraordinary white diamond arrangement is set in 18-carat white gold, reflecting its dazzling brilliance. Each piece is innovative and modern, complementing the wearer and possessing powerful energy like a forger who gives it its radiance.
"Atomique Collar" diamond necklace
"Atomique" diamond ring
"Atomique Hoop" diamond earrings, "Atomique" diamond necklace
The series also includes a diamond ring whose center diamond is an 11.03 ct round brilliant-cut diamond from the "Natural Works of Art" collection. The other is an open ring with a contrasting pattern at both ends that resemble a satellite suspended from it. Hoop diamond earrings consist of two rings that are relatively independent of each other and are connected in series, inspired by the diamond's crystal structure. The Atomique Diamond Necklace exemplifies a versatile modern design concept: delicately set diamonds blend into soft lines that drape at the end of a pavé-set diamond necklace or can be detached to attach to the stud earrings.
The Alchemist of Light Fine Jewelry Collection Light Rays chapter
The "Light Rays" Fine Jewelry consists of nine pieces that depict a modern aesthetic of the sun pouring down on the peaks of mountains or reflecting from behind dark clouds when the sky is at its most beautiful. The new Fine Jewellery features an innovative design in which warm-coloured fancy rough and polished diamonds shine brightly against a multi-coloured, scalloped titanium accent. Pure white diamonds are set in a contrast to the visually striking black rhodium-plated, implying a dazzling glow from the shadows.
"Light Rays" chapter
Light Rays", earrings
The "Light Rays" also boast an elegant tassel pendant necklace that can be detached as a bag pendant. The ring is set with a 1.08 ct emerald-cut Fancy Vivid orange-toned yellow diamond between the fingers, while the 'Light Rays' motif can be removed into three different shapes. The gorgeous earbone clip is set with a 1-carat Radiant-cut Deep Brown-toned Yellow Diamond, and the titanium attached sways around the neck and shoulders.
"Light Rays" necklace, ring