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The Jewelry District

Episode 94: Tiffany’s Reopening, Watches and Wonders, Signet’s Investor Day

The Jewelry District

JCK

Fashion & Beauty, Business News, Business, Arts, News

9.925 Ratings

🗓️ 25 April 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

JCK editor-in-chief Victoria Gomelsky and news director Rob Bates discuss the much-anticipated reopening of Tiffany & Co.’s iconic Fifth Avenue store, now called The Landmark. Victoria also reports on her recent trip to Geneva for Watches and Wonders, where traffic was brisk, the mood was upbeat, and Rolex wowed the crowds with unexpected splashes of color and whimsy. Rob updates listeners on what’s new at Signet Jewelers after attending a recent Investors’ Day at the New York Stock Exchange.Sponsored by De Beers: institute.debeers.comShow Notes00:49: Tiffany & Co. Reimagines its Famous Flagship05:30: Rob Heads to AGS Conclave to Gauge the State of the Industry07:10: Rolex Brightens a Busy Watches and Wonders Exhibition15:18: What’s New at Signet Jewelers Episode CreditsHosts: Rob Bates and Victoria GomelskyProducer and engineer: Natalie ChometPlugs: @jckmagazine; institute.debeers.com Show Recap Tiffany Offers a Sneak Peek at its Reimagined FlagshipVictoria seldom flies across the country to attend a party, but she’s making an exception for the much-anticipated reopening of Tiffany & Co.’s Fifth Avenue flagship store on May 27th. After a three-year closure and a complete makeover, what will The Landmark—as it’s now called—look like? Rob remembers visiting the iconic store as a JCK mystery and being surprised to find it warmly welcoming. It was almost homey in those days, he says. Victoria predicts the new iteration will be decidedly sleeker and more luxe since the brand’s target demographic is now considerably more affluent. “There’s a parallel story about the importance of brick-and-mortar,” Victoria observes. When she interviewed Tiffany CEO Anthony Ledru recently, he called The Landmark “the heart and soul of Tiffany.” The company is putting a major focus on its physical stores, expanding and renovating flagships in Seoul, Sao Paolo, and other parts of the world, she adds. When the pandemic reached its zenith, it looked like the future might be entirely virtual and digital, but “that’s not the case at all,” Victoria says. “The importance of brick and mortar is more apparent than ever.” Rob to Moderate Conclave PanelVictoria’s not the only one with travel plans. In early May Rob will head to Louisville, Kentucky, for the American Gem Society’s Conclave event, where he’ll moderate an expert panel on how the industry is faring in 2023 and gauge the outlook for the future. Victoria is eager to hear his takeaways. She predicts JCK’s audience will be too. “It’s been a confusing year, with the lingering specter of recession,” she points out. “People are waiting for some guidance.” Rolex Brightens a Busy Watches and WondersThe conversation shifts to Victoria’s recent trip to Switzerland for Watches and Wonders in Geneva. This year’s bustling conference was a far cry from the quiet show of 2022,

Transcript

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0:00.0

Welcome to the Jewelry District, a podcast by J.C.K. brought to you by the De Beers Institute of Diamonds.

0:16.7

Today, Rob Bates and Victoria Gamalski talk about the reopening of Tiffany's flagship store in New York,

0:22.6

watches and wonders in Geneva, and signet Jewelers in Vestr Day.

0:29.5

Hey, everyone. Welcome to the jewelry district. This is Victoria Gamelski, editor-in-chief of JCPK-CK Online.com, calling in from Los Angeles, and I'm with...

0:40.5

Rob Bates, news director of J-C-K and J-C-K-Online.com, calling in from New York City.

0:48.0

New York City. I am coming your way soon. I'm very excited.

0:52.6

Yes, and you'll be there here for the Tiffany flagship

0:56.0

reopening, correct? Correct. People will be listening to this and I will be more or less on route.

1:02.1

It's on the 27th Thursday evening. They're calling it the landmark, which I can't remember. I don't know

1:07.8

if that's been its name or if that's just the way they've

1:10.9

kind of rechristened it. But yes, after three years of renovation, Tiffany and Company is

1:15.6

reopening its Fifth Avenue flagship. They're having a shindic. I'm told it's rather exclusive.

1:21.3

There'll be 400 people there. I will be one of them. Bernard Arnaud, the CEO, the head, the grand pooha of LVMH.

1:30.1

World's, world's richest man.

1:31.9

World's richest man making moves was the only name on the invitation.

1:36.9

So take it.

1:37.7

He'll be there.

1:38.3

And so they spent three years doing this.

1:40.8

And it was a big deal when they announced it.

1:42.9

It was even actually announced under previous

1:45.0

management prior to LVMH. So are they really going to make this very fancy? Because it had kind of a

1:53.2

homey quality, the Tiffany flagship, which I personally liked. I understand, you know, it may not be

...

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