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With IPO in the Works, Blue Nile Plans To Make Diamond Jewelry More Accessible

Blue Nile, a market leader in online diamond jewelry, has combined with Mudrick Capital Acquisition Corp. II, a special purpose acquisition company (SPAC), to take the company public with an expected listing on NASDAQ in early fourth quarter 2022.The company is valued at $873 million and is anticipated to generate some $450 million in capital […]

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Why Neiman Marcus Is Where the Young and Wealthy Want to Shop

Inflation and rising interest rates have taken a toll on U.S. CEO confidence. In the latest The Conference Board survey, nearly 70% of CEOs expect a recession to result from the Federal Reserve’s tightening monetary policy – 57% see a short, mild recession coming and 11% a challenging one. Another 20% expect an extended period […]

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Lab-Grown Diamonds Have Earned Luxury Status

In 2018, the FTC permitted “a mineral consisting essentially of pure carbon crystallized in the isometric system” to be described as a “diamond,” whether naturally occurring or man-made. Ever since then, the jewelry establishment has been erecting barriers of entry for lab-grown diamonds into their lucrative $84 billion global market.The Natural Diamond Council established the […]

Deja Vu

With Recession on the Horizon, Luxury Consumers Are Feeling Déjà Vu

Up until the 2008/2009 Great Recession, conventional wisdom held that affluent consumers were immune to economic downturns. The assumption was their higher levels of income and wealth sheltered them when prices rise and the economy tanks.But during the last recession, that conventional wisdom didn’t hold. Luxury consumers felt the pain and reacted just like everybody […]

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Rising Lipstick Sales Confirms ‘Lipstick Effect’ Is Beauty’s Leading Economic Indicator

In beauty circles, the Lipstick Effect, also called the Lipstick Index, is claimed to be the category’s leading economic indicator. The concept is that in times of a recession and other economic stresses, women will indulge in discretionary purchases that provide an emotional uplift without breaking the budget. Lipstick fits the bill.While the lipstick effect […]

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