Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Worldwide Diamond Consumption to Surge by More Than 60 Percent by End of Decade Global diamond demand will outpace supply, signaling solid pricing prospects and a strong positive outlook for the industry overall, according to the 2012 Global Diamond Industry Report, released by global business consulting firm Bain & Company. A surge in rough diamond … Read more
List Of Top 10 UHNW British Executives Combined Net Worth Of Wealthiest British Executives Stands At US$50 Billion With an estimated net worth of US$15.8 billion, Lakshmi Mittal, chairman and CEO of ArcelorMittal, topped the list of Top 10 executives in the United Kingdom compiled by Wealth-X, a provider of detailed intelligence on ultra high … Read more
Chinese interest for luxury watches is growing. The big players get bigger Chinese consumers are becoming more educated and sophisticated A near 40% increase in searches shows that the interest for luxury watches in China remains strong despite a macroeconomic slowdown, according to the “World Luxury Index China: Watches” study launched by Digital Luxury … Read more
Tesla Motors Announces Major European Distribution Center in the Netherlands Tesla Motors, Silicon Valley-based company that designs, manufactures and sells electric cars and electric vehicle powertrain components has big plans with the worldwide distribution of its Model S. The car is the world’s first premium sedan built from the ground up as an electric vehicle. … Read more
Fairmont Hotels & Resorts announced a new development on the southern coast of Bali, Indonesia scheduled to open in 2016. Fairmont Bali will offer guests 170 luxurious guest rooms and suites as well as branded residences. Denniston International, one of the industry’s leading hospitality design and planning firms, will oversee the project with their trademark … Read more
Audi reported a new annual sales record in the U.S. market with 120,420 new German-engineered luxury vehicles sold. The brand set its previous full-year record of 117,561 vehicle sales last year. This marks the third straight year of record annual sales in the U.S. market for Audi.Last month, Audi established its 22nd consecutive month of … Read more