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Three stories tonight: Swiss watch exports, Hong Kong luxury retail, and the diamond supply picture. Tickers covered: UHR.SW | CFR.SW | WOSG.L | MC.PA | SIG
Good evening. It's Wednesday, June the third. I'm Sharon, and
This episode of Closing Price is brought to you by ALT/FNDATA, the market intelligence platform for insights on the luxury markets and related public equities. With our data sandbox, you can work directly with the dashboards and datasets behind today's signals to keep your finger on the pulse of the market and drive your competitive advantage. Book a demo at altfndata.com/book.
this is Closing Price from ALT/FNDATA.
Three stories tonight: Swiss watch exports, Hong Kong luxury
retail, and the diamond supply picture.
Swiss watch exports to the United States fell 17% year over
year in April. This is the headline weighing on Swatch Group,
ticker UHR on the Swiss Exchange, trading around CHF 215.
Richemont's watchmakers were already down 4% in their latest
fiscal year report. But Richemont, ticker CFR, remains near
its record high at CHF 161.80, supported by the strength of
its jewelry maisons — Cartier, Van Cleef, and Vhernier — which
generated EUR 16.5 billion at a 30.5% margin.
Watches of Switzerland, ticker WOSG on the London Stock
Exchange, surged 14% yesterday on FY2026 earnings showing US
sales up 24%. Swiss exports are down, but specific retail
channels are growing.
Hong Kong revenue from jewelry, watches, clocks, and valuable
gifts was up 20% year over year in April. For Richemont and
LVMH, both with significant Hong Kong exposure, this is a
positive demand signal from Asia-Pacific.
LVMH, ticker MC on Euronext Paris, remains near EUR 473, down
26% year to date. The company is scheduled to report H1 results
in July.
De Beers has reported that the average cost of a natural mined
diamond reached $4,063 in 2025, up 25% from 2023.
On the supply side, the Kao mine will go on care and maintenance
from July amid a rough-price downturn. Supply reductions at a
time of rising average transaction values are worth monitoring
particularly for companies like for Signet Jewelers,
ticker SIG on the NYSE, which raised its
full-year guidance this week on improved sales.
Prices at today's close:
- LVMH (MC.PA): ~EUR 473, down 26% YTD
- Richemont (CFR.SW): ~CHF 161.80, near record high
- Swatch (UHR.SW): ~CHF 215
- Watches of Switzerland (WOSG.L): up 14% yesterday
- Signet (SIG): raised FY guidance
That is Closing Price for Wednesday, June the third. Tickers
covered: UHR.SW, CFR.SW, WOSG.L, MC.PA, SIG.
I'm Sharon, from ALT/FNDATA. Subscribe to us for notifications and Open Bid is tomorrow morning at
For the data behind today's signals, the ALT/FNDATA data sandbox gives you hands-on access to our market dashboards and proprietary datasets, so you can test the divergence yourself. Book a demo at altfndata.com/book, or reach us anytime at info@altfndata.com.
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