Titan Achieves $1 Billion Jewellery Sales In Q2 Fy24

“What Frank Ocean is doing will open a lot of eyes to man-made diamonds,” says Baller. “It’s not my factor, however it’s cool to see someone like Frank take a giant leap.” In style, it took Virgil Abloh “to lastly open Louis Vuitton’s eyes, and I think that it’ll go the same way ”. Tracking the origin of a gem back to the mine is a notoriously tough problem but new sanctions on Russian diamonds are set to radically remodel the jewellery business, requiring “mine-to-finger” traceability in key markets. A very competitive market, Grangié reported that Chanel has had a really sturdy performance of the watch and fantastic jewelry class, “doubling the business” within the U.S from 2019 to 2022. “The clientele is there,” he stated of the urge for food for haute joaillerie, acknowledging that different luxury brands have been “very energetic,” not solely in Paris but with destination activations showcasing collections across the globe.

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Too many times I truly have entered a jewelry store and seen salespeople who were selling, perhaps, shirt or perfume the week before,” he says. The US – the world’s largest jewelry market – grew to become the new epicentre of the virus in late March, and Levy characterises the current buying and selling scenario as “on hold”. Caratlane’s whole sales grew by 45% to Rs.50 crores as compared to Q2 FY23.

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