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The One Percent.
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Luxury collectibles are now the second-largest revenue stream at Christie’s and Sotheby’s. The houses are not selling watches for the margin, they are buying a client relationship at twenty-five to consign a painting at fifty.
The global appetite for exceptional gemstones continues to flourish as Sotheby’s latest High Jewelry auction in New York delivered remarkable results for some of the world’s most coveted treasures.
While rare colored diamonds attracted significant attention, it was a collection of extraordinary Paraíba tourmalines that captivated collectors and highlighted the growing fascination with rare luxury jewelry among the world’s wealthiest buyers.
Kering has announced the launch of Kering Jewelry, a new division designed to elevate its presence in the global luxury jewelry market. This strategic move reflects the growing importance of high jewelry within the broader luxury ecosystem and reinforces the group’s commitment to craftsmanship, creativity, and long-term value creation for the 1%.
