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Economic pressure: Michael Hill announces store closures, job cuts
Blog

Economic pressure: Michael Hill announces store closures, job cuts

Michael Hill International (MHI) has confirmed job cuts and store closures after a sharp decline in first-half earnings. The retailer is expected to report comparable earnings of between $30…

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January 21, 2024
Michael Hill partners with iconic Australian rock band
Blog

Michael Hill partners with iconic Australian rock band

Michael Hill International has paid tribute to iconic Australian rock band INXS by releasing a new silver jewellery collection. The Michael Hill x INXS Collection draws on the themes…

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January 21, 2024
Gold jewellery frenzy: Strong sales continue in Asia
Blog

Gold jewellery frenzy: Strong sales continue in Asia

Sales for Hong Kong retailer Luk Fook significantly increased in the third quarter off the back of improving tourism and the popularity of gold jewellery. The retailer recorded a…

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January 21, 2024
Reality check: Watches of Switzerland lowers forecast
Blog

Reality check: Watches of Switzerland lowers forecast

Retailer Watches of Switzerland has lowered its full-year forecast, citing an adverse market for luxury timepieces. The UK-based retailer expects sales of between £1.53 billion ($AU2.95 billion) and £1.55…

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January 21, 2024
September to remember: Nationwide heading to the US
Blog

September to remember: Nationwide heading to the US

Earlier this month, Australasia’s largest jewellery industry buying group, Nationwide Jewellers, announced plans for an educational trip to the US. Nearly every booking was sold within hours. Nationwide members…

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January 18, 2024
Weathering the storm: Demand improves for Richemont in Asia, US
Blog

Weathering the storm: Demand improves for Richemont in Asia, US

Jewellery was the top-performing division of Swiss luxury goods company Richemont in the past quarter off the back of increasing demand in Asia and the US. Sales at Cartier,…

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January 18, 2024
Administrative penalties: Confusion around JAA reporting requirements intensifies
Blog

Administrative penalties: Confusion around JAA reporting requirements intensifies

In the past month, it was revealed that the Jewellers Association of Australia (JAA) may have breached government reporting regulations following an amendment of its Constitution. This week, the…

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January 15, 2024
LVMH, TikTok join forces to fight counterfeiting
Blog

LVMH, TikTok join forces to fight counterfeiting

French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has entered discussions with social media platform TikTok in a bid to curb counterfeiting. TikTok recently launched an e-commerce service in…

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January 14, 2024
Louis Vuitton launches men’s fine jewellery collection
Blog

Louis Vuitton launches men’s fine jewellery collection

One of the world’s leading luxury brands, Louis Vuitton, has begun the new year with an experiment into unknown territory – launching a men’s fine jewellery collection. The collection…

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January 14, 2024
Demand for gold jewellery surges for major retailer
Blog

Demand for gold jewellery surges for major retailer

Hong Kong jewellery retailer Chow Tai Fook has reported another quarter of strong sales as tourism continues to improve in Asia. Sales in the third quarter increased by 46…

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January 14, 2024
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