The company’s managing director of sales said the results demonstrate “continued strong demand for commercial-quality emeralds.”
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The fashion watch category was once threatened by the Apple Watch, but consumers are now opting for new wearables, said Movado’s CEO.

Jewelry sales for the company, which owns Cartier, Van Cleef & Arpels, Vhernier, and Buccellati, rose 21 percent in the first quarter.

The watch and jewelry retailer had a strong fiscal year despite what its CEO described as a “complex operating backdrop.”

Plus, how Saks Global’s bankruptcy affected the luxury giant’s first quarter.

The big diamond’s sale added to the company’s revenue though the market remains “challenging” overall, particularly for smaller goods.

As star brand Gucci continues to struggle, the luxury titan plans to announce a new roadmap to return to growth.

The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.

The struggling diamond mining company, which owns the historic Cullinan mine, has launched a rights issue to raise about $25 million.
















