De Beers opened its first Canadian store this weekend at 1088 Alberni Street in Downtown Vancouver. The two-level store sits adjacent to a Tory Burch store which also opened over the weekend. Both stores are expected to be joined by two more luxury retailers, once spaces have been leased.
For those unfamiliar, De Beers is a diamond company that also retails its wares in a few select cities around the world. De Beers stores are beautiful, product is pricey, and having a De Beers store is considered a prestigious addition to any retail location. De Beers currently has 8 North American locations, all in the United States (9 if you include Hawaii). The company has 46 stores world-wide, 26 of which are located in Asia.
De Beers will open its second Canadian retail location this fall within Holt Renfrew at the Yorkdale Shopping Centre in suburban Toronto. We’re not sure if any more Canadian locations will follow, though Retail Insider’s Karim Rashwan speculates that we could see a second Toronto De Beers store somewhere in the Yorkville area.