Millennial and Gen Z consumers, especially from Asia, plus the growth of online, a booming secondhand market, and a desire for social responsibility are all pushing growth higher in the luxury market, a new study shows.
Multi-brand Indian fashion retailer Elahe will hold The Urban Bazaar pop-up shopping event on December 5 at its boutique in Hyderabad, to bring a range of up-and-coming brands to the city for the winter season.
With the brute strength of the French giant on the one hand and the high growth potential of the American jeweler on the other, LVMH's acquisition of Tiffany & Co. looks set to be a positive move for all concerned.
The Minister of Commerce and Industry Piyush Goyal spoke on the Union Government’s support for the jewellery industry and asked for transparency and self-regulation as he inaugurated the India Gold and Jewellery Summit.
CIBJO, the World Jewellery Confederation, appointed the Gem and Jewellery Export Promotion Council’s chairman Pramod Kumar Agrawal as one of its three vice presidents at its recent congress in Bahrain.
The Gem and Jewellery Skill Council of India will hold its first ever India Jewellery Excellence Symposium in Mumbai from January 8 to 9, 2020. The conclave will include 22 seminars on the jewellery industry.
Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.