Jewellery Archive

BlackRock Increases Stake in World’s Biggest Jewellery Retailer

HONG KONG, China — One of the worst analyst-rated jewellery retailers in Hong Kong has caught the attention of the world’s largest asset manager. BlackRock Inc. increased its stake in Chow Tai Fook Jewellery Group Ltd., and added the stock to its global long/short equity fund in the third quarter, according to data compiled by Bloomberg. European investment firms Gamax Management AG and Robeco Groep NV …

Blue Diamond Cartier Ring Could Fetch $25 Million at Sotheby's

LONDON, United Kingdom — A diamond ring that’s the ultimate in bling is set to go under the hammer, with an estimated price of $15 million to $25 million. Sotheby’s auction house says the Cartier ring holds an 8.01 carat blue stone named the Sky Blue Diamond. It will be displayed in London on Thursday through Monday before a sale in Geneva on November 16. …

Dominic Jones Resurfaces at Astley Clarke

LONDON, United Kingdom — Astley Clarke has appointed cult jewellery designer Dominic Jones as its new creative director, as part of a plan to significantly develop its monobrand business. The company, which transitioned from a luxury online marketplace to a monobrand around 18 months ago, says Jones’ appointment represents a pivotal step in opening its offering to a new set of consumers. “We want evolution and …

Signet Misses Second Quarter Forecasts

HAMILTON, Bermuda — Signet Jewellers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million. On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.06. Earnings, adjusted for non-recurring costs, came to $1.14 per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. The …

Tiffany Turns to the Bright, Young Things

NEW YORK, United States — One part wealthy tourists, one part Wall Street grooms-to-be: That simple alchemy has long been Tiffany & Co.’s business model, but it has not worked that well of late. So Tiffany has turned to the bright, young things. These days, they eat cronuts, not crullers, and they ogle Snapchat, not store windows. But contemporary Holly Golightlys are out there. Tiffany just hopes they still pine …