Carol Besler - The most profitable link of all in the diamond pipeline is in production. For example, in 2004 (a good year for jewellery sales), retail jewellers worldwide sold US$57 billion worth of diamond jewellery. The cost to produce the diamonds contained in that jewellery was a mere US$2.3 billion, and producers sold them to cutters, manufacturers and dealers that year for US$9.2 billion.
Fabrice Guéroux - For a long time, the world of counterfeits was a source of badly-made products of dubious taste. But times have changed, in particular with respect to sophisticated watches. A dozen years ago, one could easily identify a fake Rolex or Panerai by the poor quality metal. Today, it’s a different story…
Christophe Roulet - Record recruitments in 2007, high-end watch exports increasing some 40% in May, and a 6% rise in the number of high net worth individuals last year… life is beautiful for Fine Watches.
Jorge Dinis - Portugal’s passion for watches is as big as it is old. We buy them, we collect them and even train the watchmakers who will later take care of them. This passion goes back to 1894, when the country’s first watchmaking school was founded at Casa Pia de Lisboa. For more than 100 years now, this institution has trained youngsters to such a high standard that they even go on to teach… in Switzerland!
Christophe Roulet - Over the past two years, the Swiss watch industry has been hiring new staff in droves. The Fondation de la Haute Horlogerie has responded with a new and exhaustive feature on its website. It lists current vacancies in the sector, training opportunities, and proposes the first-ever directory of the professions and métiers d’art involved in watchmaking.
Florence Noël - The world’s second-largest luxury group moves ahead with its project to separate its tobacco interests from its luxury business, which will have its head office in Switzerland.
Christophe Roulet - As the recent Intellectual Property Day at Geneva University’s School of Law clearly spelled out, counterfeiting is a global scourge and the weapons with which to fight it still lack bite. The last in a three-part file.
Christophe Roulet - PPR has taken a 23% stake to become a minority shareholder in the Sowind Group, owner of the Girard-Perregaux and JeanRichard brands. Luigi Macaluso, Chairman and CEO of Sowind, talks about the transaction that was announced in June.
Carol Besler - Why is the watch industry suddenly putting diamonds on every wrist?
Christophe Roulet - As the recent Intellectual Property Day at Geneva University’s School of Law clearly spelled out, counterfeiting is a global scourge and the weapons with which to fight it still lack bite. The first in a three-part file.