Huge rare pink diamond found in Australia
Mining giant Rio Tinto said Wednesday it has unearthed a "remarkable" 12.76 carat pink diamond in Australia, the largest of the rare and precious stones ever found in the resources-rich...
Luxury
Cavalli says no sale contact with Tashir
Italian fashion house Roberto Cavalli dismissed a report it was in talks with Russian group Tashir, saying no steps had been taken towards a possible sale. "The Cavalli Group...
UK manufacturing skills a lure for luxury brands
Britain's fashion manufacturing is experiencing a revival as luxury brands clamour to have their products made in a country known for its quality craftsmanship, heritage and history.
Tiffany unveils its new precious metal
In honour of its 175th anniversary, Tiffany & Co has unveiled Rubedo: its new pink metal which combines gold, silver and copper.
Hong Kong's Fung Brands buys fashion house Sonia Rykiel
Hong Kong investment firm Fung Brands has bought 80 percent of French fashion house Sonia Rykiel in a partnership aimed at boosting the brand's global presence, the companies said on Monday.
US luxury group Michael Kors eyeing China expansion
Designer apparel and accessories company Michael Kors Holdings Ltd plans to open 100 stores in the greater China region in the next three to five years to tap the burgeoning market for...
PPR revamps board to focus on luxury, sport
French luxury and retail group PPR expanded its executive board on Thursday to underscore its focus on luxury brands like Gucci and sports label Puma as it posted slightly...
UK must do more to welcome Chinese: Fashion chief
British Fashion Council Chairman Harold Tillman said on Friday that Britain should be doing more to encourage Chinese shoppers to visit, and more importantly shop in, the capital.
Milan confirms creation of large fashion centre
The creation of a “large, comprehensive fashion centre” in Milan – a project which appeared to have been abandoned after numerous announcements – is finally going to see the light of day.
London jeweller eyes $1.0 bln Hong Kong offering
High-end London-based jeweller Graff Diamonds is seeking to raise up to $1.0 billion in a Hong Kong share sale, a report said Thursday.
PPR 2011 profits up as luxury demand defies economic slump
French luxury group PPR posted on Thursday forecast-beating results for 2011 and issued an upbeat outlook, buoyed by strong Asian demand for high-end brands like Gucci. Net profit was up...
Bulgari sells 237 mln in LVMH shares-AMF
Paolo Bulgari, part of the founding family of the Italian jeweler acquired by French luxury behemoth LVMH last year, has sold 236.55 million euros in LVMH shares, French regulatory...
Fossil 4th-qtr beats Wall Street, sees weak 1st-qtr
Fossil Inc's quarterly profit beat Wall Street estimates, but the watchmaker forecast weaker-than-expected earnings for the first quarter.
Michael Kors posts higher 3rd-qtr profit
Luxury lifestyle company Michael Kors Holdings Ltd reported a higher quarterly profit, helped by strong demand for its namesake luxury brand.
De Beers profits up 72 percent to $939 mln
The world's top diamond producer De Beers announced an "exceptional" year in 2011, with profits up 72 percent to $939 million on surging consumer demand, in a results statement on...