Cristina D’Agostino

The Estée Lauder Companies Inc. announced on November 15 that it has acquired the Tom Ford brand. As a long-time partner, the group becomes the sole owner of the brand and all its intellectual property, which includes cosmetics, fragrances, eyewear and fashion. While Tom Ford Beauty and Tom Ford eyewear would be highly profitable, fashion would not be as successful.

From 4 to 7 November 2022 in Geneva (Hotel Président Wilson), the first edition of the ReLuxury trade fair dedicated to second-hand luxury will open its doors to the public. Lovers of second-hand watches, jewellery, fashion and leather goods will be able to buy, sell or have their objects repaired. Organised alongside the GemGenève auction and trade show, ReLuxury aims to capitalise on the growing second-hand and vintage market.

The leading luxury group has published its figures for the third quarter of 2022 and announced organic sales growth of 19%, a performance in line with the trends of the first half of the year.

Bulgari and the Phillips auction house in association with Bacs & Russo are creating an exclusive interpretation of the iconic Octo Finissimo watch model available in 50 pieces. This launch is part of a strategy to create heritage value.

Slightly on the sidelines of the record-breaking mega-sales that Christie’s organises periodically throughout the year, the one to be held in Paris on 13 and 14 December entitled « From Beijing to Versailles, the V.W.S. Collection: A Family’s Odyssey in the 20th Century » promises to attract the great Chinese fortunes that are finally back in Europe.

Russia’s Alrosa’s diamond boycott last April put a damper on the business of the world’s second largest producer. Will the upcoming European Union sanctions against Russian diamonds, as well as inflation in the sector’s largest import markets, cause prices to fall? Analysis.

One year since the creation of the Watch & Jewellery Initiative 2030, membership has risen with new members, representing brands from different market segments, such as A. Lange & Söhne, IWC Schaffhausen, Jaeger-Lecoultre, Panerai and Piaget, as well as Dimexon, Mattioli, Pandora and Rubel & Ménasché.

In 2014, following the sale of Lacoste to the Swiss group Maus Frères, the Lacoste heirs bet on Fusalp, and transformed the French label into a chic and technical sports brand. After Europe and Korea, the United States will be the next major growth driver.

Following the first edition of Watches and Wonders Geneva 2022, Rolex, Richemont and Patek Philippe announce the creation of the Watches and Wonders Geneva Foundation (WWGF), a non-profit foundation based in Geneva.

Christie’s and EON Productions are showcasing the finest items from the collection, covering twenty-five films, at auction until 5 October. Two Omega watches worn by Daniel Craig in the latest film have already made their mark on the sales.

Mélanie Laurent was at the Venice Film Festival to present her opera Les Larmes d’Eugénie. An ambitious project that she describes as a personal artistic upheaval.