Against the backdrop of increasing competition between the two largest players — Cartier and Tiffany — plus newcomers, the sector is expanding, bringing new opportunities.
Against the backdrop of increasing competition between the two largest players — Cartier and Tiffany — plus newcomers, the sector is expanding, bringing new opportunities.
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.