International News
Cartier, IWC, and Piaget Set Sail with Luminara in Exclusive Retail Debut at Sea
The Ritz-Carlton Yacht Collection partners with Starboard Luxury to bring iconic jewelry and watch maisons aboard its newest superyacht, Luminara
Cartier, IWC Schaffhausen, and Piaget have officially launched exclusive retail boutiques aboard Luminara, the newest vessel in The Ritz-Carlton Yacht Collection. This collaboration marks a first-of-its-kind retail experience at sea, made possible through a partnership with Starboard Luxury, the high-end division of Starboard Group.
This elegant retail concept brings together some of the world’s most renowned names in luxury, offering guests the opportunity to browse fine jewelry, Swiss timepieces, and expertly curated accessories—all while cruising aboard a superyacht.
In addition to the onboard boutiques, guests can enjoy personalized experiences including private viewings, in-suite appointments, and one-on-one shopping sessions with knowledgeable brand ambassadors.

“Starboard Luxury is honored to unite four legendary luxury brands—Cartier, IWC Schaffhausen, Piaget, and The Ritz-Carlton Yacht Collection,” said Stacy Shaw, Senior Vice President, Luxury & Resorts, Starboard Group. “This debut underscores our commitment to redefining luxury retail with exceptional experiences at sea.”
As the third ship in The Ritz-Carlton Yacht Collection, Luminara will explore the Mediterranean throughout 2025 before expanding its itineraries to the Asia-Pacific region and Alaska in 2026.
“Bringing Cartier, IWC, and Piaget aboard Luminara reflects our dedication to delivering elevated, meaningful experiences at sea,” said Ernesto Fara, President of The Ritz-Carlton Yacht Collection. “Together with Starboard Luxury, we’re connecting our guests to iconic maisons that share our values of craftsmanship, heritage, and excellence.”

International News
US jewellery consumers shift toward premium purchases in November 2025: Tenoris report
US jewellery buyers shifted toward premium purchases in November 2025, boosting average spend per item by 14.5% despite softer unit sales according to the Tenoris report.
Sales Snapshot
Total revenue climbed 3% year-over-year, lagging prior double-digit gains, as consumers splurged on higher-end pieces rather than volume. Finished jewellery led with nearly 5% revenue growth, fueled by rising gold prices and buyer willingness to pay up. Unit sales dipped 10% overall, signaling a quality-over-quantity mindset.
Diamond jewellery saw slight revenue dips but 13% higher spend per item on pricier natural stones; loose diamonds weakened, especially low-end. Gold, silver, and platinum demand shares held steady, rejecting alternatives amid gold’s rally.
Lab-grown diamonds (LGD) lagged, with revenue down despite modest unit upticks—stuck at ~$500 average, failing to attract investment buyers favoring naturals.
Edahn Golan of Tenoris highlights sustained premiumization, where shoppers chase value through upscale selections. This bodes well for high-end suppliers but pressures volume-driven segments like LGD entry-level goods.
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