Andrea Felsted, Columnist

Diamond Rolex, Anyone? This Holiday Season May Call for It

The slowdown in the luxury sector is hitting watches and jewelry. It’s probably a good time to put some bling under the tree.

November 24, 2023 at 5:00 AM UTC

By Andrea Felsted

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

The time is ripe.
Photographer: ED JONES/AFP

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In the market for some sparkle this Christmas? It may cost less than it did the last few festive seasons.

The slowdown in the luxury sector that’s hurt big European names such as LVMH and Gucci-owner Kering SA is touching everything from watches and jewelry to diamonds.