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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.
LVMH has delivered a resilient first half of 2026, with its Watches and Jewellery division once again demonstrating the enduring strength of luxury jewelry despite a more measured pace across the global luxury sector.
The world’s largest luxury group reported first-half revenue of €33.6 billion, an increase of 2 percent compared with the same period last year, while recurring operating profit remained stable at €8.7 billion. A stronger second quarter, with revenue growth accelerating to 3 percent, suggests confidence is returning to the luxury market as demand stabilizes across key regions.
Richemont has opened its 2027 financial year with an outstanding first quarter, reinforcing the enduring . . .
The world of fine watchmaking and haute joaillerie moves with quiet purpose, guided by those who understand that true luxury endures. In one such moment of graceful transition, Richemont has officially completed the sale of Baume & Mercier to the Damiani Group.
The transaction marks a defining milestone for both houses, uniting nearly two centuries of Swiss watchmaking heritage with one of Italy’s most revered luxury jewelry groups.
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.
Richemont has reinforced its position as one of the dominant forces in luxury jewelry, reporting strong fiscal year results driven by exceptional performance from its prestigious jewelry maisons.
The owner of Cartier, Van Cleef & Arpels, Buccellati, and Vhernier generated €22.4 billion in annual sales for the fiscal year ending March 31, reflecting continued appetite for high jewelry among the world’s most affluent consumers.
For the 1%, luxury jewelry remains one of the most coveted categories within personal luxury, combining artistry, heritage, and enduring value. Richemont’s latest results highlight how demand for exceptional craftsmanship continues to shape the global luxury landscape.
Jewelry Continues to Lead Luxury Growth
Richemont’s jewelry division delivered €16.5 billion in annual sales, representing an 8 percent increase at actual exchange rates and 14 percent growth at constant exchange rates.
The global landscape of luxury jewelry continues to be shaped by supply dynamics, innovation, and the evolving expectations of the 1%. In this context, De Beers Group has entered 2026 with increased production, reinforcing the enduring relevance of natural diamonds within the world of high jewelry.
In the first quarter of the year, De Beers recorded a 17 percent rise in diamond output, reaching 7.1 million carats. This growth was largely driven by expanded operations in South Africa and Canada, two regions that continue to play a central role in the sourcing of exceptional stones for luxury jewelry collections worldwide.
The inaugural World Diamond Day, celebrated on April 8, 2026, marked a defining moment for the global luxury jewelry industry.
Luxury Fashion Brands continue to evolve within a global environment shaped by transformation, precision, and long term vision. Kering’s latest quarterly performance highlights a pivotal moment where strategic focus, creative direction, and portfolio refinement align with the expectations of the 1%.
A remarkable blue diamond has once again captured the attention of the global luxury jewelry world. Petra Diamonds recently completed the sale of a 41.82 carat Type IIb blue diamond, discovered at the renowned Cullinan Mine in South Africa.
