Pursuits
Van Cleef Expects to Win China Sales on Slowing Economy
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Van Cleef & Arpels, the jewelry house owned by Cie. Financiere Richemont SA, expects to win gem sales from Chinese consumers concerned with declining stock and property investments.
Jewelry demand will hold amid economic uncertainty, Van Cleef & Arpels Chief Executive Officer Stanislas de Quercize said in an interview with Bloomberg Television in Shanghai yesterday. The Paris-based house, whose gems have been worn by Julia Roberts and Scarlett Johanssen, has opened eight stores in mainland China since 2004.