These are the stories making headlines in fashion on Thursday.
Diamond sales drop drastically
According to a new study by Bain & Co., the worldwide diamond industry has actually been taking a hit, with rough diamond sales dropping 25%and refined diamond sales anticipated to fall 10%to 15%by the end of the year. The failure is probably due to decreasing consumer self-confidence, a decline in Chinese tourism which has actually resulted in decreased high-end sales, and a 15%increase in tariffs on Chinese jewelry. While the market is showing economic crisis symptoms, Bain preserves that the marketplace normally recovers in one to 2 years.
What comes after being editor in chief?
As the media landscape changes, previous publication editors are stepping away from the publishing world. What is life like after leaving the arguably the majority of coveted task in style journalism? WWD summarize the profession paths of ex-editors from Cosmopolitan, Elle, Glamour, Teen Style and InStyle WWD
A TikToker is the new face of Celine
Celine has actually revealed an unlikely celebrity to be the new face of the brand name: 18- year-old TikTok influencer Noen Eubanks. Eubanks has generated over 7 million fans on the app, with his posts reaching 10 million views. Business of Fashion
A eulogy to brands that died in the 2010 s
The 2010 s have born a numerous number of glossy new millennial direct-to-consumer brands, like Everlane, Glossier and Warby Parker But, with every successful Amazon comes insolvency and closure of 10 brick-and-mortars. When precious shops such as Blockbuster, American Apparel, Charlotte Russe and Payless are some of the many that have faltered in the retail armageddon this decade. Vox