Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170 million (127.4 million pounds) to help cut its debt burden, driving the share price around 5 percent higher.
A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
The billionaire jeweller at the heart of a more than $2 billion fraud case in India, has fled to the UK where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.
Chow Tai Fook Jewellery Group, China’s largest jeweller by market value, reported on Thursday a 34% jump in its yearly profit, underpinned by improved consumer sentiment and an uptick in mainland tourists to Hong Kong.
The growing importance of ‘hard luxury’ was further illustrated on Thursday as Yoox-Net-A-Porter’s high-end menswear arm Mr Porter announced the launch of its new watches offer combining commerce with content.
The company behind some of the biggest watch and jewellery names in the UK is reported to be gearing up for a stock market listing and has spoken to investment banks with plans to list either in London or Zurich.