Luxury goods group Richemont said on Friday it could target strategic investments and divestments after buoyant jewelry sales made up for still sluggish watch sales, helping sales rise 8% in its fiscal year to March.
The Enforcement Directorate, India's financial investigation agency, has swung into action to seize jewellery worth Rs 85 crore (approx $12.5 million) brought into the country from Dubai by jewellery firm Gitanjali.
Global consumer demand for diamond jewellery hit $82 billion in 2017, up 2% from the previous year, with the US leading growth for the fourth consecutive year, according to a De Beers Group study published on Thursday.
Online luxury retailer Yoox Net-a-Porter (YNAP) will be delisted from the Milan Stock Exchange on June 20 after Cartier owner Richemont reached nearly 95 percent of YNAP’s ordinary shares after a takeover.
The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.
The sixth edition of the Copenhagen Fashion Summit provided its 1,300 participants with a range of ideas aiming to tackle social and ecological issues and set about making systematic changes in the fashion industry.
Finnish designer Tuomas Merikoski’s Parisian fashion label will show its pre-collection on June 18 at Milan Men's Fashion Week for the first time, with the support of the National Chamber for Italian Fashion.