The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.
Swatch Group opens multi-brand boutiques in US
Swiss watch maker Swatch Group is bringing its multi-brand retail store, Hour Passion, to the United States, and the first shops will be in New York and Las Vegas.

New York--Swiss watch maker Swatch Group is bringing its multi-brand retail store, Hour Passion, to the United States, and the first shops will be in New York and Las Vegas.
The company opened the first U.S. Hour Passion store at 112 West 34th St. in New York City on Nov. 29 (Black Friday). The 2,500-square-foot store is across from the Macy’s flagship store in Herald Square.
The second Hour Passion store will be slightly smaller, about 1,500 square feet, and is scheduled to open later this month at the Aria Resort & Casino in Las Vegas.
The Hour Passion stores carry all of Swatch’s mid- to high-range brands, including Longines, Rado, Tissot, Hamilton, Flik Flak and more. Each brand has its own retail area within the store, using brand colors, materials and imagery.
Exclusive to the New York store is a mezzanine lounge for shoppers to familiarize themselves with select pieces.
“The U.S. market and the American consumer are very important to us. We feel that they should be served in the best way possible. The outstanding Hour Passion boutiques in New York and Las Vegas will give consumers a chance to experience some of our finest brands,” said Nick Hayek, president of the Swatch Group Management Board.
Swatch Group has more than 50 Hour Passion boutiques around the world, including in Switzerland, the United Kingdom, France, Ireland, Germany, Italy, Spain, Russia, Poland, Malaysia and China.
The news follows closely on the heels of the announcement that another major watch company, Japanese timepiece maker Seiko, is opening its first high-end boutique in the U.S. next year. The store, located on Madison Avenue in New York, is slated for completion in spring/summer 2014.
The Latest

The luxury titan’s star brand Gucci continued to struggle amid a "tough" environment.

Respondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.


Senior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.

The first-time exhibitors, set to debut at the New York City show, share a devotion to craftsmanship, storytelling, and material integrity.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The online auction house’s September sale will feature rough Brazilian emeralds of various qualities.

She’ll lead an executive committee consisting of President-Elect Bryan Moeller, Mitchell Clark, Bill Farmer, and Larry Rickert.

Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.

A new edition of the Italian brand’s “Ipanema” collection has debuted with gemstones that evoke Brazil’s breathtaking views.

The retailer will refer its customers to WonderCare, founded by venture capitalist and watch collector Kevin O’Leary.

The jeweler’s largest store yet is set to open in Little Rock next fall.

Anne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”

Jewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.

Renovations at Tiffany & Co. stores ate into profits in the company’s watch and jewelry division.

Mark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.

While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.

The “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.

JSA has received reports of mobs swarming jewelry stores, driving cars into the storefront or smashing through the windows.

The “Kashmir” collection features centuries-old craft techniques made in collaboration with the region’s master papier-mâché artisans.

Creative Director Erica Bianchini shared why the jeweler is looking to expand into the U.S. and how it’s putting Canadian craftsmanship on the map.

Two Los Angeles Fire Department stations plan to use the donations to upgrade their equipment and tools.

Next week, the auction house will kick off a selling exhibition of jewelry by British artist Hannah Martin and Coldplay’s Guy Berryman.

“Stolen: Heist of the Century” is based on “Flawless,” the book about the middle-of-the-night theft, and will debut on Netflix in August.

Emmanuel Raheb shares the top five gifting moments outside of major holidays that jewelers should build marketing campaigns around.