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Global jewellery market valued at €130 billion, Italy overtakes Switzerland

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Global jewellery market valued at €130 billion, Italy overtakes Switzerland


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Ansa

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January 14, 2026

Between 2015 and 2024, global trade in jewellery rose from €97 billion in 2015 to more than €130 billion in 2024. China lost ground, with its share of the global market falling from 23.5% to 15.7%. Italy posted a particularly strong rebound, increasing its share from 5.8% in 2015 to 8% in 2023, and reaching 11.2% in 2024, overtaking Switzerland (a hub for French luxury goods and a transit country for jewellery, including Italian-made pieces) and India. According to the sector report by Mediobanca’s Research Area, this outcome confirms the ability of Made in Italy to showcase design, quality and positioning at the top end of the market.

A necklace on display at Vicenzaoro

It should be noted, however, that part of Italy’s surge in 2024 was influenced by the ‘anomalous’ performance of exports to Turkey. As indicated by a note from Confindustria Federorafi’s Study Centre, in the first nine months of 2025 Italian sector exports fell by 15.2% compared with the same period of the previous year.

This pullback, partly a natural correction after the sustained growth of the past three years, is largely attributable to the contraction in exports to Turkey. After extraordinary growth in 2024 (+468.7%), Turkey recorded a sharp decline in 2025 (-52.2% between January and September). Sales to the US also decreased (albeit less than expected), while several leading markets- including the UAE, Switzerland, the UK, Spain, Japan, and China- are showing signs of growth.

There are several reasons for China’s loss of market share: the relocation of production to lower-cost countries (India, Thailand, Indonesia), restrictive US trade policies, and rising domestic demand, which has reduced exports. At the same time, new players have emerged: the UAE has established itself as an international hub thanks to its role as a logistics and tax platform, while Turkey and several South-East Asian countries have gained share thanks to manufacturing competitiveness and their ability to attract investment.

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British customer engagement specialist SaleCycle buys French conversion expert Beyable

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British customer engagement specialist SaleCycle buys French conversion expert Beyable


Translated by

Nicola Mira

Published



January 14, 2026

On January 13, British customer engagement and cart reactivation specialist SaleCycle bought Beyable, a French company whose solutions for customer experience personalisation and site visit conversion will merge into a unique platform following the acquisition.

Salecycle

The platform, covering all stages of the conversion funnel, is designed to address the challenges faced by brands in transforming site visits into purchases. An element that has become especially strategic given rising customer acquisition costs for e-tailers, now more than ever keen on monetising site traffic.

“By combining identity resolution tools… and onsite personalisation, we are creating a platform that will smartly help brand engage with and convert each visitor,” said Fabien Sanchez, CEO of SaleCycle.

In practice, SaleCycle’s identification and multi-channel re-engagement solutions (via email, SMS, WhatsApp etc) will be boosted by the behavioural scoring and personalisation technologies developed by Beyable since 2014. The two companies’ complementary solutions target becoming a relevant alternative to those offered by US tech giants.

The acquisition will also help Beyable, which includes names like APC, Sisley and Saint-Gobain among its clients, to expand internationally. “Joining forces with SaleCycle enables us to extend our vision into a global dimension,” said Julien Dugaret, CEO of Beyable. Dugaret founded the company with Florian Papillon, Saidi Mohamed and Julien Delhomme.

The value of the transaction has not been disclosed. The newly created group has a portfolio of some 300 brands in the retail, travel and luxury sectors, among them Balenciaga, Breitling, Lacoste, Adolfo Dominguez and L’Occitane.

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Asics launches global ‘Move Your Body, Move Your Mind’ campaign

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Asics launches global ‘Move Your Body, Move Your Mind’ campaign


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January 14, 2026

​Japanese activewear brand Asics has unveiled its new global brand campaign ‘Move Your Body, Move Your Mind’ that tunes into the motivation that tends to kickstart New Year fitness ambitions.

Asics

Accompanied by a reimagined version of The Beach Boys’ timeless hit ‘Good Vibrations’ the campaign reinforces Asics’ “75-year commitment to the transformative power of movement for physical and mental wellbeing”.

The campaign launches with running and tennis-focused films highlighting how a run or match can positively lift our mood and transform the world around us.

The campaign launches across digital, social, broadcast, and retail channels in key markets worldwide and will be supported by community activations “that encourage people to experience the uplifting power of movement firsthand”.

And if we needed any further motivation, Asics’ commitment to movement for body and mind is backed by extensive research, including studies showing that even 15 minutes of exercise may lift our mental state.

Gary Raucher, Global head of Marketing at the brand, said: “For over 75 years, Asics has been committed to helping more people move so they can feel better. It’s the reason we were founded and why we’re called Asics – an acronym for Anima Sana In Corpore Sano, or Sound Mind in a Sound Body. This campaign brings our founding principle to life in a way that inspires everyone to experience the uplifting power of movement, because when you move your body, you move your mind.”

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Louis Vuitton unveils architectural and culinary landmark in Beijing

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Louis Vuitton unveils architectural and culinary landmark in Beijing


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January 14, 2026

LVMH is doubling down on China, having opened several major flagships in the country in December. Encouraged by early indicators of a luxury sales rebound, the group is weighing further expansion to capitalise on China’s economic recovery.

The new Louis Vuitton store’s façade is treated as an elegant, sparkling, and translucent “garment” rather than a mere shell – Louis Vuitton

Following the success of its ship-shaped flagship in Shanghai opened mid-2025, the key LVMH brand has pivoted its strategic focus toward ‘hyper-physical’ immersive retail environments, deep-rooted cultural synergy, and the scaling of high-impact regional flagships. With the opening of its new emblematic building in the vibrant heart of Sanlitun, Beijing, Louis Vuitton has set another global benchmark for luxury retail and architecture. 
 
Architecture and fashion dialogue

As Louis Vuitton’s long-standing architectural partner, Jun Aoki envisioned a space that harmoniously balances local cultural heritage with a sense of global openness. The initial inspiration for the façade was the Taihu Stone, which is central to traditional Chinese garden design. 
 
“Beijing is a city of ‘transplanted’ nature, where the mountain’s spirit lives within the scholar’s rock,” architect Aoki Jun told FashionNetwork.com. “We envisioned this store as a stone found in such a garden, shaped by the four ancient principles of traditional Chinese scholar’s rock appreciation: the slenderness of Shòu(瘦) establishing the store’s upright and poised character; the rhythmic wrinkles of Zhòu(皱)imbuing the walls with a rugged, rock-like texture; the hollowed depth of Lòu(漏)creating intriguing pathways and framed vistas; and the luminous transparency of Tòu(透)ensuring the essential light and openness for a commercial space. It is more than a structure; it is a condensed landscape.”
 
The design also takes its inspiration from a Nicolas Ghesquière dress presented during a Louis Vuitton spring/ summer show in 2016, illustrating the fertile dialogue between architecture and fashion at the maison. The façade is treated as an elegant, sparkling, and translucent “garment” rather than a mere shell.
 
An immersive experience with gastronomy
 
The excellence of the building continues inside, where the retail space extends over four levels. It offers the entirety of the Louis Vuitton universe, including men’s and women’s leather goods, ready-to-wear, jewellery, shoes, perfumes, beauty, accessories, and the new Maison collection. Four private lounges are dedicated to the exclusive experience of Very Important Clients.  

The LV Café embodies the maison's desire to offer guests a complete and immersive lifestyle experience, intertwining design, culture, and gastronomy
The LV Café embodies the maison’s desire to offer guests a complete and immersive lifestyle experience, intertwining design, culture, and gastronomy – Louis Vuitton

The interior architecture, conceived by the maison’s Architecture Studio, focused on sequencing spaces and creating superimposed voids to generate surprising vertical perspectives and total immersion in natural light. The customer’s journey is thus a constant mix of viewing the brand’s extensive product offer and contemplating the façade’s delicate lace.
 
Summiting the building is the very first Louis Vuitton Café in Beijing. This space, set to become a new urban meeting point and a place of openness to the city, is completed with a private dining room and a remarkable 250 square metres of outdoor spaces, including a rooftop event bar. The Café embodies the maison’s desire to offer guests a complete and immersive lifestyle experience, intertwining design, culture, and gastronomy. 
 
Pivot to emotional retail
 
The era of pure acquisition has been superseded by a new focus in modern luxury, according to Bain & Company senior partner Bruno Lannes. He states that intangible experiences and deep emotional connections now hold the primary power to drive growth. As a result, physical retail requires a fundamental transformation: brands must concentrate resources on fewer, grander flagships that serve as sanctuaries for delivering powerful emotion, sensory immersion, and tailored personal engagement, rather than just being points of sale.
 
This philosophy is powerfully manifested in the architecture of Louis Vuitton’s new Beijing building. “Beijing represents a fascinating ‘centrality’- it accepts the world’s influences yet organises them into a logic that is purely its own,” said Aoki Jun. “As brands like Louis Vuitton move toward a holistic lifestyle offering, they must protect the ‘vibration’ of the destinations they inhabit.”
 
Betting on a market resurgence, Louis Vuitton is preparing for a bold new chapter in 2026. This vision was reinforced by LVMH CEO Bernard Arnault’s frequent presence in China in 2025, where he championed a strategy of cultural synergy. By scouting local craftsmanship and integrating Chinese heritage into its design DNA, the brand has transformed its flagships into emotive landscapes that offer more than just products-they offer a deep, immersive connection to the local soul. 
 
Moving beyond its role as a traditional luxury supplier, Louis Vuitton is emerging as a pioneer of a comprehensive lifestyle offering. By weaving its heritage of travel into the realms of dining and cultural dialogue, the brand is embarking on a transformative second chapter in China.
 
By Sissi Chu
 

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