{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets","title":"Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending","html":"","width":"100%","height":180,"duration":153,"description":"June 3: Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending\n\nALT/FNDATA\n- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260603\n- Market reports: https://altfndata.com/go/ob-260603-r\n- Podcast episodes: https://altfndata.com/go/ob-260603-p\nLuxury Retail\n- Neiman Marcus closing its Dallas flagship store, over 100 years old, as part of Saks Global's Chapter 11 restructuring\nJewelry & Gems\n- De Beers: average cost of a natural mined diamond reached $4,063 in 2025, up 25% from 2023\n- Kao diamond mine going on care and maintenance from July amid rough-price downturn\n- Christie's Hong Kong Important Watches auction: $36M total, Patek Philippe top lot at $1.8M\n- Christie's Hong Kong: multi-gem ring sold for $194,500 — five times its high estimate\nSwiss Watch Exports\n- Swiss watch exports to the US fell 17% YoY in April\n- Hong Kong luxury sales (jewelry, watches, clocks, valuable gifts) up 20% YoY in April\nEquity Recap (from yesterday's Closing Price)\n- Watches of Switzerland (WOSG.L): surged 14% on FY2026 earnings, US sales +24%\n- Richemont (CFR.SW): near record high CHF 161.80\n- LVMH (MC.PA): EUR 473, down 26% YTD\n- Signet (SIG): raised full-year guidance\nAlso from ALT/FNDATA:\n- Luxury Spending — Wednesdays at 8 AM ET\n- Closing Price — Mon-Fri at 5 PM ET","thumbnail_url":"https://img.transistorcdn.com/1z6r8f5r5Nhr5bhZafuzDRKp6vb1jRw2SVyBQTEXHzQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8yZjBi/ZDI5ODQ1ZTAwOTg3/MzMyNTZmOTEwNTY2/NDFiYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}