Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

2011 – a record year for Swiss Watch Industry

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Watch exports reached a very high level in 2011, creating a new landmark in their remarkable growth over recent years. With exports of nearly 19.3 billion francs, Swiss watchmakers exceeded their previous annual result by 19.2%. Except for 2010, which followed a major downturn, growth in the last 20 years has never been so strong. … Read more

Southeast Asian airlines to profit from emerging Myanmar

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Myanmar re-emerges from political isolation The former Burma, one of the most isolated countries in Asia, is being welcomed back into the international fold after two decades of sanctions, thanks to democratic reforms. Myanmar is an attractive destination for travellers jaded by the rapid development seen elsewhere in Southeast Asia, and tourist numbers are already … Read more

The World’s Most Expensive Office Tower Rises

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Building at World Trade Center Site To Cost Public Agency $3.8 Billion While political wars have mired the redevelopment of the World Trade Center site for most of the past decade, construction there is proceeding. The price tag for One World Trade Center, the signature skyscraper under construction at Ground Zero in New York, has … Read more

A sizable delegation of Middle Eastern buyers at the Antwerp Diamond Trade Fair

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Third Antwerp Diamond Fair For three days, from January 29 to 31, 2012, the bourse trading halls of the 105-year- old Antwerp Diamond Bourse and the even older Antwerp Diamond Club hosted the third edition of the Antwerp Diamond Trade Fair (by invitation-only diamond trade fair). Diamond buyers from Europe, the Middle East and Turkey … Read more

World’s Most Stylish Smartphone is launched in UK

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LG Prada 3.0 phone is launched in UK After the device has just launched in its homeland of South Korea, PRADA phone by LG 3.0, a PRADA and LG partnership product, is available in UK from today onwards. This highly anticipated handset, described as ‘World’s Most Stylish Smartphone’, is the third phone to come from … Read more