Tiffany & Co. reported a smaller-than-expected quarterly profit as sales of lower-margin rough diamonds rose faster than its pricier and more profitable jewellery, and its shares fell 2 percent.
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Tiffany profit falls short, outlook beats street
India: Gold jewellery biz may grow 30pc
The Indian gold jewellery business is expected to grow by up to 30 percent during Akshaya Tritiya – a festival considered auspicious for buying the metal – against the year-ago period on i…
Mobile phone exclusively for Porsche owners launched in Singapore
German luxury car company Porsche subsidiary, Porsche Design, is marketing a mobile phone that is exclusive to Porsche owners.
The Porsche Design P’9522 BLACK, the latest in the company’s …
HK Int’l Jewellery Show: Overseas buyer attendance up 28 percent
More than 32,000 buyers, 9 percent higher than last year, took part in the 27th Hong Kong International Jewellery Show organised by the Hong Kong Trade Development Council (HKTDC), which finished on 9…
Russia’s Alrosa to supply USD490 m worth of diamonds to Indian cutters
Russian diamond producer Alrosa announced on Friday that it has signed contracts with Indian diamond cutters Rosy Blue, Diamond India and Ratilal Becharlal and Sons to supply USD490 million worth of r…
Reliance Jewels opens 2nd store in Ahmedabad
Reliance Jewels, the jewellery specialty format of Reliance Retail Ltd, on Thursday announced the launch of its second store in Ahmedabad and 17th across India.
The range being offered by the shop inc…
India retains top slot in gold consumption
An 83 percent fall in India’s demand in gold in January-March in 2009 made China the top consumer during the first quarter of the year. The consumer demand trends for individual countries …
Engineered luxury
Porsche Design, a subsidiary of the luxury carmaker, recently established a new Indian outlet in Delhi’s Emporio Mall – its 100th store globally. The brand of high-end, minimalist-design a…
Macau retail sales up 16 percent in 2009
Data released by the Macau Statistics and Census Bureau shows that Macau’s retail sales reached MOP22.11 billion (USD2.77 billion) in 2009, an increase of 16 percent over those of 2008.
The data…
Cartier to ramp up retail presence in India’s “millionaires” economy
Taking advantage of India’s growing preference for big brands, luxury watchmaker Cartier plans to increase its distribution network and introduce more models in India, a Cartier representative s…