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Diamond prices seen up in 2012 on sparkling demand
May 16th
VICENZA – Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia, the head of the World Diamond Council (WDC) told Reuters on Monday. Photo: Corbis
Diamonds had a More >
Moscow show recalls fashion behind the Iron Curtain
May 16th
MOSCOW – A sweeping new Moscow fashion exhibit illustrates the evolution of Soviet couture behind the Iron Curtain from the post World War One era to Perestroika.
“Fashion behind the Iron Curtain” at the 16th-century Tsaritsyno estate on Moscow’s outskirts spans seven decades of female coquetry, describing how Soviet women More >
Levi’s opens on the Champs Elysées, Paris
May 16th
It had been the American brand’s dream for so long. And now it’s become reality: Levi’s opened last week its flagship store on the Champs Elysées in Paris. Certain compromises have had to be made, though. Accepting, for example, that the ground floor be little more than an entrance hall More >
Platinum surplus expected this year: study
May 16th
LONDON – Platinum will remain in surplus this year, weighing on prices, but sister metal palladium will switch into a deficit as demand recovers, industrials group Johnson Matthey predicted Monday. Platinum – Photo: Corbis
“The platinum market is forecast to remain in surplus in 2012, which is likely to keep the More >
Avon shares up after saying to consider Coty bid
May 16th
Photo: AvonAvon Products Inc shares rose more than 5 percent in premarket trading on Monday, a day after the cosmetics company said it would consider the latest proposal from Coty Inc, raising hopes of a takeover.
Avon, which rejected Coty’s prior offers, said on Sunday that it would respond to More >
Video: Central Saint Martins & Lacoste Eau de Lacoste L.12.12 design competition winner
May 16th
To celebrate the launch of the Eau de Lacoste L.12.12 Rouge fragrance, Lacoste teamed up with Central Saint Martin’s and challenged students to design original visual statements that encapsulated the fragrance and the brand’s values and heritage.
Sabba Keynejad was the winner of the Central Saint Martins & Lacoste Eau More >
Francesca’s fires CFO over social media activity
May 16th
Women’s specialty retailer Francesca’s Holdings Corp said it fired its chief financial officer Gene Morphis after an internal probe found that he had improperly communicated company information through social media. Photo: Francesca’s
Francesca’s board launched an investigation with the assistance of outside counsel after it discovered the activity on May 11, More >
British label Paul Smith to re-enter China
May 16th
Photo: Paul SmithBritish fashion label Paul Smith said Tuesday it was planning to open 24 stores in China over the next five years in its second attempt at tapping the country’s booming luxury market.
The brand, known for its signature multicoloured stripe, will open a flagship store in Shanghai in More >
Saks sees gross margin down in current quarter
May 16th
Saks Inc cautioned on Tuesday that gross margin will fall in the current quarter as it increases price cuts to clear inventory in areas like designer women’s clothing, where sales disappointed during the period. Saks Fifth Avenue’s Manhattan store / Photo: David Shankbone
Shares of the high-end retailer fell 4 percent More >
Switzerland, the land that time begot
May 16th
NEUCHATEL – Andrew I-Jen Chen swapped a career crunching numbers at French bank BNP Paribas to take up an apprenticeship at one of Switzerland’s most prestigious watchmaking schools. Photo: Jaeger-LeCoultre
He is one of a growing number of people attracted to a career in horology as Swiss watch firms vie for More >
