The Digital IQ Index: China While Mainland China’s organic luxury sales growth softened to single digits, Chinese tourist spend abroad increased 58 percent in Q3 2012, suggesting consumer demand remains robust, according to the latest “Digital IQ Index: China” research released by L2 think tank. The Digital IQ Index: China ranks the digital competence of … Read more
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
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
Lamborghini V10 Gallardo set for retirement Italian sports car manufacturer Lamborghini will cease production of its V10 Gallardo model, the most popular Lamborghini of all time. The company will replace the car with a new addition that will be unveiled late in 2013. The Lamborghini Gallardo sports car was the most-produced model to date, with … Read more
Celebrated chef Gordon Ramsay is set to open two restaurants on the Las Vegas Strip within a week of each other. Gordon Ramsay Pub & Grill will open Dec 18 at Caesars Palace and BurGR at Planet Hollywood Resort & Casino will open on open Dec. 22. Two restaurants from the same chef opening within … Read more
ElectriCity initiative available in Rome Milano is taking a leading role towards a low carbon society. Hertz, one of the world’s largest general use car rental brand, has launched an ElectriCity initiative in Milan to provide Nissan LEAF electric vehicles for rent by the hour or day. The Nissan LEAFs can be rented from … Read more