Latest news with #luxuryjewelry
The Independent
5 days ago
- Business
- The Independent
Americans are spending less on luxury items but this market still shines
A new report indicates Americans are spending less on luxury items across nearly every category — except for one. U.S. credit card spending on luxury goods between January and May has dropped compared to the same period last year, CNBC reports, citing new data from Citigroup. But luxury jewelry sales have consistently increased on an annual basis since September, with spending increasing more than 10 percent in May 2025 compared to May 2024, the data indicates. There was also an uptick in the number of individual consumers buying luxury jewelry, according to the report. Customers see jewelry purchases as long-term investments, which could be contributing to this trend, Citi analyst Thomas Chauvet told CNBC. 'When you have $3,000 to spend on luxury, you know, are you going to buy a piece of jewelry or a handbag for the same price?' Chauvet said. 'Perhaps the piece of jewelry gives you superior intrinsic value given the precious metals content and superior emotional value and meaning.' An uptick in gold prices could also explain the trend, Chauvet said. 'It is probably sensible to buy a Cartier bracelet now, given they have increased prices by less than 5% since the beginning of 2025, when gold prices have appreciated by over 25%,' he added. Luxury watch spending is also on the rise, with purchases across brands up 14.7 percent in May 2025 compared to May 2024. While luxury spending is dropping, it still performed better than expected in May, CNBC reports. Luxury spending only dropped 1.7 percent in May 2025 compared to May 2024. However, spending dropped 6.8 percent in April and 8.5 percent in March compared to the same months last year. President Donald Trump's widespread tariffs could also be playing a role in changing consumer habits, CNBC reports. In April, Trump implemented and then paused tariffs on imports from nearly every country. He then committed to reaching trade deals with ' 90 countries in 90 days.' That pause is set to expire next week, and Trump says he's not planning to extend the pause any further. His administration is now preparing to send letters to countries about the upcoming trade penalties, he told Fox News's Sunday Morning Futures. 'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' Trump said.
Yahoo
5 days ago
- Entertainment
- Yahoo
Greet the July heat in style. This month, L.A. offers museum dance parties and luxurious sneakers
Venture inside the newest Boucheron Boutique, the luxury French jewelry house's first Los Angeles location. On Rodeo Drive, the shop's interior captures a sense of old Hollywood glamour and infuses influences from California's lush landscapes. At Boucheron's core, everything comes back to family, as the business has been passed down through generations dating back to 1858. Seated at one of the many round tables, shoppers are meant to feel as if they are unearthing a new part of their luxurious lineage. Opens June 30. 449 N Rodeo Drive, Beverly Hills. Loewe's latest Basket Bags are designed to be nestled in warm pockets of sand, edging a rising ocean tide. The bag, which transfers the feeling of summer to its wearer, is part of the Spanish luxury brand's annual Paula's Ibiza Collection. Embracing the free spirit of an island lifestyle, the line pays homage to Paula's Boutique, a staple designer in Ibiza fashion. The Feminist Center for Creative Work is celebrating its 10th anniversary by revitalizing some of its most beloved programming. Throughout the summer, the Elysian Valley nonprofit will feature workshops from artists who have grown in tandem with the center and create new connective experiences. Artist Gabrielle Civil is hosting Experimentos en Alegría/Experiments in Joy, a bilingual event that guides participants to transform joy from a feeling to a practice. The next day, Yasmine Diaz will be joined by several artists in a panel discussing the importance of intergenerational friendships, for the Generations in Dialogue: Friendship & Mentorship session. July 12-13. 3053 Rosslyn St., Los Angeles. Multi-hyphenate Donald Glover brings the feeling of warm citrus groves to Moncler's typical mountainscape with their new collaboration. Inspired by Glover's Gilga farm, both an operational space and creative sanctuary, the collection is functional and elegant. The drop features items like a hero duvet jacket that doubles as a sleeping bag and colorful gardening hats. Each piece was designed to be "transeasonal," with an emphasis on a Southern California summer feel. Under the creative direction of Pharrell Williams, Louis Vuitton introduces the LV Buttersoft Sneakers. Its chunky silhouette lies at the intersection of casual luxury and old-school sportswear. The leather, streetwear-inspired shoe, featured in the Men's Fall-Winter 2025 Collection, brings a high-fashion feel to a leisurely style. Atop the Santa Monica Mountains, the Getty Center presents "Queer Lens: A History of Photography." It's the first-ever exhibit in the U.S. to explore photography's role in documenting the lives of the LGBTQ+ community. With photos traversing anywhere from the 19th century to today, visitors get a peek into what gay clubs were like in the Prohibition era and can see the beginnings of the Gay Liberation Movement. In the perpetual face of homophobia, the Westside art institution brings queer visibility to its forefront, as both a historical record of survival and an affirmation of the community's impact. On view through Sept. 28. 1200 Getty Center Drive, Los Angeles. In Haider Ackermann's second seasonal collection with Canada Goose, the creative director introduces the Snow Goose Capsule. Drawing from the brand's nearly 70-year archive, this line brings back classic styles, but with an emphasis on summertime. Each piece is more breathable than ever and is meant to symbolize a connection to the natural world. Between the nylon shorts, light rain gear and outdoorsy cotton pants, Canada Goose asserts its style authority year-round. L.A.-based artist Takako Yamaguchi is unveiling her first solo museum show in the city at the Museum of Contemporary Art. Over the course of her 40-year career, her paintings have grappled with Eastern and Western artistic influences as a way to understand cultural ownership and ethnic identity. The exhibition spotlights her signature abstract figurations and natural landscapes. On view through Jan. 4. 250 South Grand Ave. Los Angeles. When gearing up for a tennis match, Brain Dead offers options for the fashionable underdogs. In its latest tennis equipment collection, the L.A.-based streetwear brand adds a few more staple pieces — like a seersucker jacket and a fully equipped racquet tote — to its growing selection of tennis wear. This line is meant for those who bring a certain level of style (and skill) to the courts. Right before LACMA's "Digital Witness: Revolutions in Design, Photography, and Film" exhibit closes, the museum is throwing a techno dance party in celebration. In line with the show, which tells the history of digital manipulation tools, the party will immerse attendees in technologically influenced aesthetics, both visually and sonically. Tokimonsta, an L.A. local and experimental DJ, will be behind the turntables, and fellow artist Andrew Huang will do large-scale projection mapping around the space. As the music rages on, the event will also allow visitors to live out their "Night at the Museum" fantasies — offering after-hours access to the exhibition. July 12. 5905 Wilshire Blvd. Los Angeles. This story originally appeared in Los Angeles Times.
Yahoo
19-05-2025
- Business
- Yahoo
Borboleta Enters Luxury Jewelry Market with Atelier Collection, Backed by Global Expansion and Celebrity Appeal
Zagreb, Croatia--(Newsfile Corp. - May 18, 2025) - Borboleta, the Croatian-born jewelry brand known for sparking the European trend of symbolic thread bracelets, has announced its entry into the luxury jewelry market with the debut of the Atelier Collection. Featuring handcrafted pieces in 18k gold, diamonds, and precious gemstones, the collection represents a strategic evolution for a brand that has long blended emotion, symbolism, and everyday wearability. Borboleta Joaillerie Launches Atelier Collection Image courtesy of Borboleta: Since its founding in 2012, Borboleta has carved out a niche with its recognizable thread bracelets, often described as "never-take-off" jewelry, built around themes of luck, love, and personal meaning. Now, with the Atelier line, Borboleta is offering elevated versions of its signature designs, made to last a lifetime. "We wanted to create a collection that stays true to our essence, while offering our customers a level of craftsmanship and material quality they've been asking for," said Tajana Lisicar, founder and CEO of Borboleta. "Atelier is a natural next step; it keeps the emotional connection at the center, but elevates it with gold, diamonds, and timeless design." Positioning for Global Growth Borboleta Joaillerie Positioning for Global Growth Image courtesy of Borboleta: The launch of Atelier is part of a broader expansion strategy that includes growing Borboleta's digital footprint, entering select luxury retail spaces, and leveraging high-profile partnerships. The brand has built a reputation for combining sentiment with style, and its data-backed approach to consumer engagement has proven effective across international markets. Borboleta's designs are already worn by celebrities across Europe and the U.S., many of whom have embraced the brand's understated elegance and personal symbolism. The company has also partnered with major global names, helping to cement its status as a brand with both mass appeal and staying power. With the Atelier Collection, Borboleta is taking its place among a new class of European luxury brands, those that balance heritage with innovation, and storytelling with high-end design. About Borboleta Founded in 2012 in Zagreb, Croatia, Borboleta is known for its symbolic thread bracelets and emotionally driven designs. With a focus on meaning, craftsmanship, and wearability, the brand has cultivated a loyal global following. The launch of the Atelier Collection marks Borboleta's official entry into the fine jewelry space, offering elevated designs crafted in gold, diamonds, and precious stones, designed to be worn daily and cherished for a lifetime. Media Contact:PrimePressQ for BorboletaEmail: hi@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
19-05-2025
- Business
- Globe and Mail
Borboleta Enters Luxury Jewelry Market with Atelier Collection, Backed by Global Expansion and Celebrity Appeal
Zagreb, Croatia--(Newsfile Corp. - May 18, 2025) - Borboleta, the Croatian-born jewelry brand known for sparking the European trend of symbolic thread bracelets, has announced its entry into the luxury jewelry market with the debut of the Atelier Collection. Featuring handcrafted pieces in 18k gold, diamonds, and precious gemstones, the collection represents a strategic evolution for a brand that has long blended emotion, symbolism, and everyday wearability. Borboleta Joaillerie Launches Atelier Collection Image courtesy of Borboleta: Since its founding in 2012, Borboleta has carved out a niche with its recognizable thread bracelets, often described as "never-take-off" jewelry, built around themes of luck, love, and personal meaning. Now, with the Atelier line, Borboleta is offering elevated versions of its signature designs, made to last a lifetime. " We wanted to create a collection that stays true to our essence, while offering our customers a level of craftsmanship and material quality they've been asking for," said Tajana Lisicar, founder and CEO of Borboleta. " Atelier is a natural next step; it keeps the emotional connection at the center, but elevates it with gold, diamonds, and timeless design." Positioning for Global Growth Borboleta Joaillerie Positioning for Global Growth Image courtesy of Borboleta: The launch of Atelier is part of a broader expansion strategy that includes growing Borboleta's digital footprint, entering select luxury retail spaces, and leveraging high-profile partnerships. The brand has built a reputation for combining sentiment with style, and its data-backed approach to consumer engagement has proven effective across international markets. Borboleta's designs are already worn by celebrities across Europe and the U.S., many of whom have embraced the brand's understated elegance and personal symbolism. The company has also partnered with major global names, helping to cement its status as a brand with both mass appeal and staying power. With the Atelier Collection, Borboleta is taking its place among a new class of European luxury brands, those that balance heritage with innovation, and storytelling with high-end design. About Borboleta Founded in 2012 in Zagreb, Croatia, Borboleta is known for its symbolic thread bracelets and emotionally driven designs. With a focus on meaning, craftsmanship, and wearability, the brand has cultivated a loyal global following. The launch of the Atelier Collection marks Borboleta's official entry into the fine jewelry space, offering elevated designs crafted in gold, diamonds, and precious stones, designed to be worn daily and cherished for a lifetime.
Yahoo
19-05-2025
- Business
- Yahoo
Borboleta Enters Luxury Jewelry Market with Atelier Collection, Backed by Global Expansion and Celebrity Appeal
Zagreb, Croatia--(Newsfile Corp. - May 18, 2025) - Borboleta, the Croatian-born jewelry brand known for sparking the European trend of symbolic thread bracelets, has announced its entry into the luxury jewelry market with the debut of the Atelier Collection. Featuring handcrafted pieces in 18k gold, diamonds, and precious gemstones, the collection represents a strategic evolution for a brand that has long blended emotion, symbolism, and everyday wearability. Borboleta Joaillerie Launches Atelier Collection Image courtesy of Borboleta: Since its founding in 2012, Borboleta has carved out a niche with its recognizable thread bracelets, often described as "never-take-off" jewelry, built around themes of luck, love, and personal meaning. Now, with the Atelier line, Borboleta is offering elevated versions of its signature designs, made to last a lifetime. "We wanted to create a collection that stays true to our essence, while offering our customers a level of craftsmanship and material quality they've been asking for," said Tajana Lisicar, founder and CEO of Borboleta. "Atelier is a natural next step; it keeps the emotional connection at the center, but elevates it with gold, diamonds, and timeless design." Positioning for Global Growth Borboleta Joaillerie Positioning for Global Growth Image courtesy of Borboleta: The launch of Atelier is part of a broader expansion strategy that includes growing Borboleta's digital footprint, entering select luxury retail spaces, and leveraging high-profile partnerships. The brand has built a reputation for combining sentiment with style, and its data-backed approach to consumer engagement has proven effective across international markets. Borboleta's designs are already worn by celebrities across Europe and the U.S., many of whom have embraced the brand's understated elegance and personal symbolism. The company has also partnered with major global names, helping to cement its status as a brand with both mass appeal and staying power. With the Atelier Collection, Borboleta is taking its place among a new class of European luxury brands, those that balance heritage with innovation, and storytelling with high-end design. About Borboleta Founded in 2012 in Zagreb, Croatia, Borboleta is known for its symbolic thread bracelets and emotionally driven designs. With a focus on meaning, craftsmanship, and wearability, the brand has cultivated a loyal global following. The launch of the Atelier Collection marks Borboleta's official entry into the fine jewelry space, offering elevated designs crafted in gold, diamonds, and precious stones, designed to be worn daily and cherished for a lifetime. Media Contact:PrimePressQ for BorboletaEmail: hi@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
