Dec 1, 2014

Hong Kong counts cost of protests on city's core shopping districts

Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists. Protests began choking parts ...

Synthetics strike fear in the heart of world diamond industry

Aug 7, 2014

Synthetics strike fear in the heart of world diamond industry

Diamonds are a girl’s best friend — but only if they are natural. That is the message mining companies and luxury jewelers are keen to instill in consumers as the diamond trade faces a growing challenge from the production of synthetic diamonds. Global diamond ...

Etihad Airways launches luxury A380 'residence' suites in the sky

May 5, 2014

Etihad Airways launches luxury A380 'residence' suites in the sky

Talk about some serious legroom. Etihad Airways, a fast-growing Mideast carrier, laid out plans Sunday to offer passengers who find first-class seats a bit too tight a miniature suite featuring a closed-off bedroom, private bathroom and a dedicated butler. It’s just the latest push ...

Food labs fight organized crime

May 4, 2014

Food labs fight organized crime

by Jamie Doward and Amy Moore

At first glance the sprawling campus amid glorious countryside looks an unlikely base from which to wage war against Italy’s most feared crime organization, the ‘ndrangheta. And yet the laboratories of Campden BRI, once part of the University of Bristol and now a major ...

Apr 11, 2014

Sales plunge as consumers shun luxury goods after tax increase

Japanese consumers are keeping their wallets firmly closed after the first sales tax hike in 17 years, with luxury items and appliances suffering and one major department store reporting a 25 percent drop in sales. The precipitous plunge comes after millions of shoppers made ...

'Ethical' gold mines tried in South America

Mar 10, 2014

'Ethical' gold mines tried in South America

Tucked between two desert ridges in southern Peru, Relave looks like any of the hundreds of ramshackle mining towns that blight the landscape in the world’s sixth-largest gold exporter. Its name in Spanish means “tailings,” a nod to the heaps of mining waste that ...

'Exceptional' 29.6-carat blue diamond unearthed in South Africa

Jan 22, 2014

'Exceptional' 29.6-carat blue diamond unearthed in South Africa

A rare 29.6-carat blue diamond has been discovered in a South African mine, and it could “be in a class of its own,” the Petra Diamonds company said Tuesday. The “exceptional” vivid blue stone was found in the Cullinan mine, near Pretoria, last week ...

Rich on luxury item spree at emporiums

Sep 3, 2013

Rich on luxury item spree at emporiums

Sales of high-priced merchandise are growing at department stores as stronger stock prices and the weaker yen from Prime Minister Shinzo Abe’s “Abenomics” economic policy mix stimulate spending by affluent people. Department store sales across the country totaled some ¥3 trillion in the first ...

Mar 5, 2013

Abenomics isn't trickling down yet

Although sales of luxury goods are rising, only when all segments of society begin to loosen their purse strings can it be said that the economy is truly improving.