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Luxury News

Tiffany: an American jeweler headed for the LVMH empire

Washington - An iconic US company with a storied history, the jeweler Tiffany agreed Monday to be acquired by French luxury giant LVMH for $16.2 billion.

Dior apologises for China map excluding Taiwan

Bejing - Luxury brand Dior has become the latest company to apologise to China over a perceived insult to national sovereignty, saying Thursday it "cherishes the feelings of the Chinese people".

Tiffany removes advert over Hong Kong controversy

Shanghai - Tiffany & Co. have removed a tweet showing a woman covering one eye after Chinese consumers accused the jeweller of supporting the Hong Kong protesters.

The ethical gold rush: Gilded age for guilt-free jewellery

Paris - Forget how many carats -- how ethical is your gold? As high-end consumers demand to know the origin of their treasures, some jewellers are ensuring they use responsibly sourced, eco-friendly or recycled gold.

Thieves grab jewels in Paris hotel raid

Paris - French police were searching Thursday for a team of robbers who stole thousands of euros' worth of jewels and luxury clothing in a nighttime raid at a plush hotel in Paris, police said.

Cuba taps into high-end luxury tourist market

Havana - In Havana, there's a shop selling a camera for more than $25,000 -- roughly 850 times the average monthly wage in Cuba.

Prada apologizes after products spark accusations of racism

New York - Italian fashion label Prada has said it will set up an advisory council on diversity issues after being forced to pull monkey-like keychain figurines from its shelves over accusations of racism.

French fashion giant Jean Paul Gaultier goes fur-free

Paris - Animal rights groups hailed on Monday Jean Paul Gaultier's announcement that he is joining the growing ranks of fashion designers to ban fur from their collections.

Rare pink diamond aims to make $50 million

Geneva - The Pink Legacy, an exceptionally large pink diamond, is set to go under the hammer at Christie's in Geneva next week, when it is expected to bring in up to $50 million.

French luxury giants dive into Silicon Valley

Paris - Steve Jobs may have been a tech genius, but he clearly didn't care much for fashion.

Self-destructive behaviour: Burberry not alone

Paris - Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of their brands.

Stamped out by war and communism, Polish luxury is back

Warsaw - A grey Ferrari comes to a halt in Warsaw and a young woman emerges. Wearing Chanel sunglasses and carrying a little dog, she enters the Raffles Europejski hotel, a symbol of the luxury that has returned to Poland.

Ex-Saint Laurent designer wins huge payout in contract dispute

Paris - Star designer Hedi Slimane has won an 9.3 million euro ($11.5 million) settlement from the luxury group Kering in a court judgement which lifts the lid on how much fashion's big names are paid.

S. Korean cosmetics lay foundation to seduce Europe

Paris - South Korean cosmetics brands, wildly successful at home and across Asia, now have their eye on the European beauty market where their penetration is, for now, only skin-deep.

Women of Colombia's emerald mines shine after smashing taboo

Coper - For decades, women like Rosalba Canon were banned from Colombia's emerald mines: men said they brought bad luck.

Kering no longer for Puma, focus on luxury

Paris - France's Kering said Thursday it would distribute shares in German sporting goods maker Puma to its shareholders to focus exclusively on the luxury sector.

French wine country unveils its answer to kobe beef

Dijon - As the unofficial capital of France's Burgundy region, Beaune is a town that thrives on wine -- and now even its cows are going to taste like grapes.

Mastering manners at Switzerland's last finishing school

Waadt - Eight women sit primly around an elaborately set table making pleasant small-talk about the weather, as immaculately starched waiting staff stand at the ready.

In US, diamonds are a millennial's best friend

New York - Diamonds are making a comeback in America as more millennials fall for crystals long associated with "eternal" love.US diamond demand hit $40 billion in 2016, up 4.

A handbag? For $380k, it's yours

Hong Kong - A diamond-encrusted crocodile-skin Hermes handbag with white gold details has broken the record for the world's most expensive ever sold at auction, fetching nearly US$380,000 at a Hong Kong sale.

Diamond earrings fetch record $57.4-million at Swiss auction

Geneva - Two spectacular diamonds mounted as earrings fetched a record $57.4-million (51.8 million euros) Tuesday at auction in Geneva, with an unnamed Asia-based buyer netting both, Sotheby's said.The earrings were sold as separate lots.

All aboard: luxury Japanese train has bath and fireplace

Toukyo - It's got Michelin-starred chefs, solid cypress bathtubs and a cosy snug complete with roaring fire: the Shiki-Shima could hold its own against any five-star hotel. Not bad for a train.

Gilt-y pleasure: Italian artisan crafts 24-carat gold shoes

Turin - Filthy rich and already boast enough glass slippers to win a dozen princes? Italian shoemaker Antonio Vietri has the thing for you: 24-carat gold shoes.

Monaco on high alert after brazen Cartier heist

Monaco - Monaco police were hunting for two suspects Saturday after a daring afternoon robbery at the famous French jeweller Cartier, prompting a brief lockdown of the tiny principality and jet set haven.

Rare blue diamond goes under hammer in Geneva for $17 million

Geneva - A rare blue diamond on Wednesday sold in Geneva for just over $17 million, as Sotheby's eyed total sales in excess of $100 million at the autumn jewel auctions.The 8.01-carat "Sky Blue" diamond in a Cartier setting was snapped up for $17.1 million (15....

Luxury thrives amid misery in Ukraine's war-torn east

Donetsk - Fancy restaurants and trendy boutiques stand just blocks away from stuffy bomb shelters where survivors hunker down in eastern Ukraine's pro-Russian rebel capital city of Donetsk.

French police smash armed gang over luxury heists in Paris

Paris - Eight men have been charged over heists of millions in luxury goods from Chanel and Chopard boutiques in Paris, a source close to the investigation said Saturday. Robbers made off with one million euros ($1.

Paris thieves steal 3 mn euros in luxury watches

Paris - Two safes containing luxury watches worth three million euros ($3.3 million) have been stolen from a Paris warehouse, police sources said Monday.

Armed robbers hit Chanel boutique in central Paris

Paris - Three robbers with pump-action shotguns raided a Chanel boutique in central Paris on Thursday, fleeing with a large haul of luxury goods, a police source said. The source said the stolen goods were valued at "several hundreds of thousands of euros".

Rare blue diamond aims for record price at Geneva auction

Geneva - A dazzling blue diamond once owned by mining magnate Philip Oppenheimer could fetch a record sale price Wednesday, with auction house Christie's hoping it tops the staggering $48.4 million mark set last year.The 14.
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