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Chinese platinum jewelry demand remains muted, says refiner

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Bloomberg

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June 3, 2025

Metals refiner Johnson Matthey Plc sees muted demand for platinum jewelry among Chinese consumers, in spite of a recent surge in imports by manufacturers that’s straining global supplies of the metal.

Bloomberg

The world’s second-biggest refiner of platinum group metals said strong physical demand from China has exacerbated tightness in the market and pushed prices to two-year highs, as the jewelry industry aggressively stockpiles the cheaper alternative to gold.

But Johnson Matthey remains cautious on prospects for end-user demand, which is expected to climb only about 1% this year, according to the company’s director of market research.

“Just because retailers and wholesalers are stocking up on platinum doesn’t mean consumers are buying in,” said Rupen Raithatha, adding that the company’s 2025 demand forecast was a conservative estimate. The resulting excess inventory could discourage future manufacturing, he added.

Citigroup Inc. analysts said last week that Chinese buyers still favor gold over platinum jewelry, noting they would continue to monitor the market for a material shift in consumer behavior.

Tepid consumption of platinum jewelry may offer relief to a market that’s been under strain since fears over potential US tariffs saw traders race to deliver metal into New York warehouses to capitalize on extreme price dislocations. More recently, lease rates in London have also surged to near historic highs, underscoring supply tightness as metal flowed to China. 

Declining demand from the automotive sector — the metal’s largest end-user — will also ensure there’s no major structural uptrend in platinum prices in the long-term, according to Marcus Garvey, head of commodity strategy at Macquarie Group Ltd. 

Still, prices could remain elevated next year due to expectations of a multi-year supply deficit, he added. “There is still above ground inventory, but China has effectively taken it out of the Western market.” 



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Italy opens menswear show season with Pitti Uomo, Milan Fashion Week

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Translated by

Nicola Mira

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June 13, 2025

Italy is about to get the menswear show season under way amid widespread uncertainty caused by the complex economic situation. On the agenda, two unmissable events: Pitti Uomo, scheduled on June 17-20 in Florence, and Milan Fashion Week Men, on June 20-24. This season more than ever, these two events dedicated to the 2026 Spring/Summer collections are relying on major international names to energise their programmes, with Issey Miyake and Paul Smith top of the bill.

Dolce & Gabbana (shown here, a look from last winter), Prada and Armani will be the only top Italian labels to show in Milan this season – world.dolcegabbana.com

Pitti Uomo’s 108th edition will showcase nearly 750 exhibitors, 43% of them from outside Italy, compared to 770 in January 2025 and 790 in June 2024, as well as a plethora of international events and initiatives. The stars of the show will include Tommy Hilfiger, returning to Florence after an eight-year absence with a new menswear project, and Homme Plissé Issey Miyake, the guest of honour.
 
Pitti Uomo is looking to generate fresh energy with no less than four guest designers, as opposed to two in January. Italian designer Niccolò Pasqualetti, South Korean label Post Archive Faction (PAF), and Children of Discordance, a Japanese label, will be showing alongside Issey Miyake.

A further spotlight on international design will be provided by the new Code Korea project, set up in partnership with the Korea Creative Content Agency; the presentations by the Scandinavian Manifesto collective, in partnership with Copenhagen’s CIFF trade show; J Quality, a section dedicated to Japanese craftsmanship; China Wave, showcasing the best of contemporary Chinese men’s fashion selected by the Chic trade show and China’s National Garment Association; and finally, a selection of Spanish labels promoted by ICEX. Not to mention the 25 French labels that will exhibit, most of them backed by Promas and French public body DEFI.
 
In its forthcoming summer session, Pitti Uomo will also focus on sport, simultaneously staging Becycle, the cycling industry event first introduced in June 2024. Cycling-related brands great and small will exhibit at Becycle, including Colnago, Passoni, Ashmei and Pas Normal Studios. Becycle will be part of the show’s entirely redesigned ‘I Go Out’ section on contemporary outdoor apparel and equipment.

Paul Smith will be showing in Milan this season
Paul Smith will be showing in Milan this season – ©Launchmetrics/spotlight

This season’s edition of Milan Fashion Week Men will be rather low-key, clearly feeling the impact of the global geo-political and economic crisis. It will feature 81 events, including 44 presentations, 17 special events and 15 runway shows, plus five digital shows that will be streamed on the week’s final morning, on Tuesday, June 24. Only three among Italian fashion’s leading names will feature on the Milanese calendar this season: Dolce & Gabbana, Giorgio Armani and Prada, while Zegna will be showing in Dubai, and many other labels have opted to present their menswear collections with womenswear at the September fashion week.
 
Some emerging labels that have made their mark on the Milanese fashion landscape in recent years will also give this edition a miss, like Magliano, which is replacing its habitual show with a movie screening, JordanLuca, and Indian designer Dhruv Kapoor. Milan will however rely on four ‘new’ names to freshen up the calendar, starting with British label Paul Smith, which is quitting Paris this season to show at its Milanese showroom on June 21.
 
The other new entries on Milan’s menswear programme are Setchu by Japanese designer Satoshi Kuwata, winner of the 2023 LVMH Prize, which will kick off proceedings on Friday, June 20; long-standing Italian label Fiorucci, in the midst of a major relaunch; and Qasimi, the menswear label by Hoor Al Qasimi, originally from the UAE.

Two comebacks worth mentioning are those of Vivienne Westwood, which will stage a presentation, and Spanish designers Miguel Vieira and David Catalán, showing on Monday, June 23. The same day will end with the first runway show by French designer Emma Rowen Rose with her baroque-chic, made-in-Italy label Rowen Rose, which is set to launch a menswear line on this occasion.
 
Before passing the baton to Paris, Milan Fashion Week will be enlivened by a few big parties, including those celebrating Dsquared2’s 30th anniversary and Jacob Cohen’s 40th.

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Champion signs multi-year deal with Irish ‘boxing great’ Katie Taylor

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Global sportswear brand Champion has widened its association with combat sports, signing Irish fighter Katie Taylor to a multi-year deal. The association has been sealed ahead of the bell ringing for her highly anticipated third bout in the series against Amanda Serrano at Madison Square Garden, airing live on Netflix on 11 July. 

The link’s understandable, given Taylor’s “a force in the ring… becoming synonymous with grit, greatness, and unshakable belief and is considered by many to be the greatest female fighter of all-time”, says Champion.

​And there’s another good reason for the association: the second bout in the trilogy drew 74 million viewers globally.

To accompany its support, the brand has lunched a limited-edition ‘KT’ Reverse Weave T-shirt “which pays tribute to her extraordinary career”, as well as a bespoke fight kit and team gear for the Serrano encounter.

The associated apparel line also includes the launch later this year of anext-generation combat sports range… shaped by deep collaboration and insights from Taylor”

Following Champion’s signing in May of UFC Heavyweight Champion Tom Aspinall, the latest collaboration “supercharges Champion’s commitment to the world of combat sports, a space defined by discipline, intensity, and the relentless pursuit of excellence”.

Champion’s association with the sport is long-standing and claims “the invention of the hooded sweatshirt”, as well as “pioneering mesh nylon jerseys for football players… Champion has consistently delivered functional, performance-driven gear rooted in athlete insight. Many of these innovations have transcended sport to become cultural icons”.

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White Stuff to open store in Lyme Regis

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White Stuff’s heading to Lyme Regis, Dorset, for its latest (19 June) opening. Showcasing the womenswear brand’s latest summer collections, the 1,300 sq ft store join’s the seaside town’s high street, creating seven new local jobs.

White Stuff

The brand, which says it offers “unique designs, commitment to sustainable fabrics, and community spirit”, said the latest store continues its UK retail expansion strategy and is the fourth of several planned openings this year.

Previous openings were in Broughton Shopping Park, Dalton Park and Eastbourne last month while the brand also opened a travel-specific store ahead of the summer season at London Gatwick airport.

And to celebrate its 40th year, the British lifestyle label delved into its archive to launch a 17-piece collection called ‘Rewind ’85′. 

Area manager Jacqueline Powley, said: “Located on the historic Jurassic coast, this new location marks an exciting next step.”

White Stuff currently operates 117 stores and 49 concessions (including John Lewis and M&S) across the UK serving 1.3 million omnichannel customers a year. The brand also sells internationally via its website and has 606 wholesale stockists (178 in the UK and Northern Ireland and a further 428 internationally).

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