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The One Percent.
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Gold peaked above USD 5,589 in January and has fallen roughly 20% since. No luxury jewellery price followed it down, and it will not. Luxury price increases are a ratchet, not a thermostat.
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.
Japanese department store sales of gems, precious metals and artwork rose 19% to a record JPY 330 billion. The surge is domestic, not tourist-driven, and the driver is a yen at its weakest since the 1980s.
Most guides teach brand architecture with Apple and Procter and Gamble. Luxury is the live version: LVMH, Kering, Richemont, Prada and Hermes each answer the same structural question differently, and each pays a different price for it.
Richemont opened its 2027 financial year with sales of EUR 6.3 billion, up 20% at constant rates, and its jewellery houses delivered almost the entire increase. The same split is now visible at LVMH and Kering.
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.
In a strategic move poised to reshape the accessible segment of the luxury watches market, Richemont has signed . .
In an era often defined by the ephemeral, there remains a quiet longing for the permanent. For the discerning few . .
In a rare moment of turbulence for an industry long synonymous with stability and prestige, Swiss luxury watch exports plunged by 17 percent in August, revealing the mounting pressures of global trade tensions and weakened Chinese demand. For collectors and connoisseurs within the One Percent, this signals both caution and opportunity.
