Arnault was crowing on LVMH’s recent earnings conference call about the company’s contentious 2021 acquisition of Tiffany. He said Tiffany’s earnings had doubled since the roughly $16 billion purchase.
It is now time to consider diamonds as viable alternative investments that represent both the beauty and resilience of “hard” assets, especially in periods of economic downturn.
The new Tiffany Collection comprises 35 gems, including an unusual red stone, from the Argyle Diamond Mine in Australia.
Although there is no official history of diamonds, experts agree that they originated between 2500 and 1700 B.C. They were first discovered in India, in the Golconde region, between the rivers Godavari and Krishna.
Couture-inspired high jewellery featured in these striking new collections, from Dior’s braid trims and transposed print florals to a magnificent ribbon cuff seven years in the making from Cindy Chao.
The company that owns an 80 percent stake in the Antwerp-based lab reportedly believes it is worth more than $200 million.
The rich keep spending. Luxury goods maker Hermes International’s stock soared Friday after the company reported sharply higher profit and revenue despite global recession fears.
The gemological characteristics of the De Beers Cullinan Blue suggest it is one of these superdeep diamonds.
The rich keep spending. Luxury goods maker Hermes International’s stock soared Friday after the company reported sharply higher profit and revenue despite global recession fears.
A diamond might be forever, as the famous advertising slogan from De Beers claims, but a diamond mine certainly isn’t.