L'ÉCOLE School of Jewelry Arts, supported by Van Cleef & Arpels, will hold the exhibition 'Golden Hands: Rebirth of Iron Age Gold Ornaments' from August 4 to October 7, 2026, at Richemont Twin Villas in Shanghai. The exhibition focuses on an experimental archaeology project recreating the Montans torque, a Celtic gold torque from over 2,000 years ago discovered in 1843 in southern France. It will display a 24K gold replica, tools, and materials, alongside workshops and courses on jewelry craftsmanship.
Laopu Gold announced that its adjusted net profit for the first half of 2026, measured under non-IFRS, is expected to be approximately RMB 4.31 billion to 4.36 billion, representing a year-on-year increase of about 83% to 85%. The growth was driven by expanding brand influence, product optimization, and higher spending from high-value customers.
LVMH reported second-quarter organic revenue growth of 3% in 2026, with the US market accelerating and jewelry and leather goods proving resilient. First-half revenue reached 38.644 billion euros, down 3% year-on-year, while net profit was flat at 5.697 billion euros. The Middle East conflict dampened tourism spending, but classic products and high-end jewelry maintained strength.
Chow Tai Seng said in a conference call on July 27 that the decline in gold prices is favorable for the sale of gold jewelry priced by weight. If the sales weight stabilizes and rebounds, it would provide strong support for revenue. The company added that the overall operating situation at its terminal gold jewelry stores has remained stable recently.