International luxury brands such as Chopard and Hèrmes have followed suit. This means we can examine apples with apples, and observe that there have been 128 flagship and brand-only stores in in comparison Jewelery News with 220 in 2020. One notable case was the 2010 determination of luxurious conglomerate Moët-Hennessy Louis Vuitton to open new Tag Heuer flagship stores in the Melbourne and Sydney CBDs, whereas simultaneously closing the accounts of neighbouring stockists.

• Herald Van Der Lindeof HSBC believes that earnings progress will remain sturdy, making Indian equities a gorgeous investment possibility.
• As a lot as the industry would possibly hope that jewellery sales proceed to grow at its present heady pace, history and common sense argue otherwise.
• Aditya Birla Group’s jewellery business, Novel Jewels Ltd, will start operations in July with an investment of Rs. 5000 crore.