Van Cleef & Arpels: Current Worldwide Prices
- Thread starter misschaslyn
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Dear All, I am starting to think that with the increasing gold price, VCA is going to increase the price of their jewelry line sooner or later. I have acquired two pieces recently in anticipation of their future price increase. That’s just my thoughts.
They not only make jewelry. They have their own traders and trade gold. When the gold price fluctuates massively no matter up or down they make massive amounts of money. So putting the price up is from pure greed at the moment. All big jewelry houses do this.
All the luxury brands are increasing their prices so I guess VCA is just going with the flow.
Interesting to know the big jewelry houses trade gold like airline companies trading oil to hedge against the price fluctuations. Richemont just released earnings on Jul 16 and reported quarterly sales down 47% due to extended shutdown due to COVID-19. I think Richemont also wants to increase the prices of their products to somewhat offset the loss in revenue due to the sales slump caused by the pandemic.
Richemont Reports Quarterly Sales Down 47% Due To Covid-19 - News Break
Following the monthly announcements made by the FHS regarding Swiss watch exports and half-year results by Swatch Group a couple of days ago, it is now time for the other giant of the Swiss watch industry, Compagnie Financière Richemont SA, to announce its first-quarter 2020 results… And, as...
Not only jewelry houses. Watch houses too. Naturally everyone]'s retail part of the business is suffering. Stores are still closed or working with limited capacity. But the situation at the moment is comparable to war. So putting the prices up is something that most customers would not appreciate. I certainly would not. I haven't heard anything about price increase in Asia yet...we shall see...Interesting to know the big jewelry houses trade gold like airline companies trading oil to hedge against the price fluctuations. Richemont just released earnings on Jul 16 and reported quarterly sales down 47% due to extended shutdown due to COVID-19. I think Richemont also wants to increase the prices of their products to somewhat offset the loss in revenue due to the sales slump caused by the pandemic.
Richemont Reports Quarterly Sales Down 47% Due To Covid-19 - News Break
Following the monthly announcements made by the FHS regarding Swiss watch exports and half-year results by Swatch Group a couple of days ago, it is now time for the other giant of the Swiss watch industry, Compagnie Financière Richemont SA, to announce its first-quarter 2020 results… And, as...www.newsbreak.com
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I asked about price increase today and was told that price was increased for high jewelry and high end watches across Asia just recently. Since I'm not on the market for these I didn't bother asking my SA to elaborate.
VCA Canada prices just went up. Alhambra line went up about 4.8%
They will periodically do price adjustments in particular countries due to the currency valuation. So just because one does, it doesn't mean we will.
If I remember correctly, this necklace was $6200 last month. Is that right? I feel like I must be misremembering. If I am right that’s a huge increase
You are in the Canada domain. No changes to the USA prices at the moment on the web. The above piece is still $6,200.