Olivier Perruchot, director general of Piaget in France since 2001, has taken over the brand’s management in the United Kingdom. Furthermore, Piaget has announced the opening of a boutique in London in September.
Rajesh Exports Ltd, one of India's top jewellery makers and exporters, plans to open 300 retail stores in India over the next three years, and has lined up a capex of 30-40 billion rupees, a top official said.
Revived luxury firm Faberge will release a new collection of more conventional jewellery after some customers who saw its initial mosaic-style artistic pieces worth up to $7 million asked for bigger gems.
The world's top diamond producer De Beers expects India to maintain its double digit growth in demand and hopes to globally raise production by about a quarter on the back of better outlook, a top official said.