Aga Khan's emerald reaches record $9 million at Geneva auction
By AFP Published November 12, 2024 A rare 37-carat square emerald owned by the Aga Khan sold for nearly $9…
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Historic FP Journe wristwatch sells for record price of $8.4 million
By Bloomberg Published November 10, 2024 A historically important wristwatch made by independent French watchmaker Francois-Paul Journe sold for a…
Luxury stocks headed for the disposal bin
By Bloomberg Published September 24, 2024 Top luxury brands rarely go on sale, and their stock prices are not. Valuations…
Rupert de Richemont says luxury watchmakers must cut production
By Bloomberg Published September 11, 2024 The head of Richemont, owner of Cartier and Vacheron Constantin, said the luxury watch…
Chinese grey market dominates online sales of luxury brands
By Bloomberg Published September 3, 2024 China's grey market, where new and authentic goods are sold at deep discounts, is…
Walmart takes on Amazon by adding used watches and collectibles to its marketplace
By Bloomberg Published August 27, 2024 Walmart Inc. is adding used watches and trading cards to its online marketplace as…
Luxury giants fear China is becoming Japanese
By Bloomberg Published July 29, 2024 Even LVMH Moet Hennessy Louis Vuitton SE, the world’s most resilient luxury conglomerate, is…
LVMH shows that the luxury sector is suffering
By Bloomberg Published July 24, 2024 We’re all drinking less Champagne as the world becomes a scarier place. That was…
Tiffany staff departures put LVMH's turnaround plan to the test
By Bloomberg Published July 22, 2024 LVMH's $16 billion purchase of Tiffany & Co. transformed the luxury goods powerhouse into…
LVMH already won gold at the Paris Olympics
By Bloomberg Published July 12, 2024 Whichever sporting hero takes home the medals at the Paris Olympics later this month,…