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
Luxury retailer Georg Jensen sold to Investcorp Teaming up with luxury sector entrepreneur David Chu, to cultivate a leading global luxury brand Scandinavia’s leading luxury retailer Georg Jensen, founded by the eponymous Danish designer in 1904, was sold to Investcorp group for $140 million. As part of this transaction, Investcorp has teamed up with David … Read more
Richemont acquired Varin-Etampage and Varinor (‘VVSA’) Richemont, the Swiss luxury goods group, has acquired 100 % of the capital of VVSA in a private transaction with the shareholder group. Based in Delémont since 1962, VVSA is a high-end manufacturer of stamped exterior components for watches, gold refiner and producer of semi-finished precious metal products destined … Read more
Luxury Remains Resilient in the Face of Economic Turbulence Affordable luxury – important ballast to growth in cash-strapped developed markets Driven mainly by strength in emerging economies, overall retail growth in 2012 is set to be stronger than in 2011, with luxury goods sales expected to exceed US$302 billion worldwide. This represents a year-on-year real … Read more
At this year’s September Biennale des Antiquaires, Piaget prepares its largest collection centered around the idea of feminine seduction. Couture Précieuse jewellery collection uses white diamonds, red rubellites, and black spinels and is all made with white gold, taking our imagination to lace, corsets, ribbons, tassels, and all the finer instruments of seduction. “Diamond Embroidery … Read more
The royal diamonds on show at Buckingham Palace Diamond, the hardest natural material known, carries associations of endurance and longevity. These qualities, allied to the purity, magnificence and value of the stones, have for centuries led rulers to deploy diamonds in regalia, jewellery and precious objects. London’s Buckingham Palace celebrates Queen Elizabeth II’s diamond jubilee … Read more