A jaunt around the world of accessories by the numbers.
This story first appeared in the October 28, 2013 issue of WWD. Subscribe Today.
• The value of diamond trading in the Shanghai Diamond Exchange increased 2.4 percent (year-on-year) to $1.98 billion, in the six months ended June 30. The volume of the same dropped, however, by 37.6 percent to 33.93 million carats.
• The total value of Swiss watch exports to China was 111.5 million francs ($119.3 million) in August, a drop of 4.7 percent from the same month in 2012.
Source: Federation of the Swiss Watch Industry
• Diamonds keep setting records. On Oct. 7, the largest diamond ever sold at auction — at 118.28 carats — was sold for $30.06 million at Sotheby’s in Hong Kong. At auction, it was the highest price paid for a white diamond and the largest diamond ever sold. It broke the record set in May, when a 101.73-carat, D-color, flawless colorless diamond was sold at Christie’s in Geneva for $26.7 million. Coming up on Nov. 12: Christie’s in Geneva will sell the largest fancy vivid orange diamond ever to appear at auction.
Sources: Sotheby’s and Christie’s
Performance Issues: In the 12-month period ended August 2013:
• Jewelry sales fell 6.2 percent to $21.39 billion from $22.79 billion, a year earlier.
• Bags and luggage sales fell 0.4 percent to $13.78 billion from $13.84 billion.
• Sales of small leather goods jumped 14.1 percent to $3.33 billion from $2.92 billion.
• Sunglasses sales slid 6.7 percent to $3.36 billion versus $3.6 billion a year ago.