© 2025
The One Percent.
All Rights Reserved.
Monterey 2026 closed at a record USD 758.3 million, up 75% on last year. But sell-through was flat at 75%: the same proportion of cars sold, at much higher prices. A supply story wearing a demand headline.
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 world’s leading luxury group entered the second half of 2026 with renewed momentum as LVMH reported accelerating growth across several of its most influential Maisons.
The world’s leading luxury group entered the second half of 2026 with renewed momentum as LVMH reported accelerating growth across several of its most influential Maisons.
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.
Paris Haute Joaillerie Week once again demonstrated why the French capital remains the global . . .
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.
The meaning of commitment continues to evolve, and a new generation of luxury jewelry is reflecting that transformation through personal expression, individuality, and emotional storytelling. This vision comes to life with the launch of Lovestoned, a new collection from California based fine jewelry house Chouette Designs, created to celebrate every form of meaningful connection.
Founded by wife and wife team Ashley McGinty and her partner, Chouette Designs has built a loyal following through its approach to custom fine jewelry, creating pieces that embrace authenticity, craftsmanship, and personal significance. With the launch of Lovestoned, the brand introduces a collection that expands the traditional definition of commitment jewelry while maintaining the artistry expected in the world of luxury jewelry.
The world of luxury jewelry continues to demonstrate its enduring appeal among the world’s wealthiest collectors, investors, and connoisseurs.
That momentum was once again reflected in Richemont’s latest annual results, where the group’s portfolio of prestigious jewelry maisons delivered exceptional performance and reinforced the sector’s position as one of the most dynamic categories within global luxury.
