Japan department store sales saw modest gains in 2021 but stayed below pre-pandemic level
Sales went up by about ¥200 billion from the ¥4.2 trillion marked in 2020, when department stores were forced to close for a long period of time due to the spread of the virus.
Japan appears poised to join the laboratory-made diamond party
Sold for around half the price of a similar natural gem, diamonds grown in labs are made inside a microwave chamber, superheated into a glowing plasma ball that crystallizes over weeks.
More stores shutter up in Tokyo's high-end Ginza Six mall amid travel bans
Department stores in central Tokyo, heavily dependent on tourists in the past several years, have been hit particularly hard.
Pandemic pushes Japan's wealthy to spend like there's no tomorrow
Since overseas travel has become virtually impossible, some people have been diverting more of their disposable income into luxury items such as new cars.
Meet the Japanese omotenashi consultant selling what money can't buy
Travel has become about priceless experiences, and Luxurique goes the extra mile to fulfill requests, often involving hidden gems not on local radars.
Small luxuries offer some consolation amid COVID-19 pandemic
With more time on their hands, consumers are shopping online to make their home lives more comfortable.
Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiraling backlash against an advertising campaign that was decried as racist by celebrities and on social media. The ads — released earlier this week to drum up interest in a Shanghai fashion show the ...
Pampered pooches get their tickets to ride, but do they care?
Ding Dong and Fun Fun, a pair of 12-year-old Yorkshire terriers, know how to enjoy the high life — literally. The pampered pets and their owner, Zoe Man, 43, flew on a private plane from Hong Kong to Japan for a five-day holiday. The terriers ...
Citizen considers luxury acquisitions to attract high net worth customers
Citizen Watch Co., the country's largest watchmaker, is eyeing acquisitions that could add premium timepieces to its offerings, as the company looks to gain more high net-worth customers. The company will consider targets in the luxury segment with brands that sell watches worth about ¥2 ...
LMVH profit jumps as Japan, Europe join China luxury rebound
LVMH's first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. The world's biggest luxury-goods company said Japan was boosted by promotional activity like staging Louis ...
Small Canadian firm finds second-biggest gem-quality diamond ever
A small Canadian diamond company has found what it says is the world's second-biggest gem-quality diamond ever recovered, and the largest in more than a century, at its mine in Botswana. Lucara Diamond Corp. said on Wednesday the 1,111-carat stone was found at its Karowe ...
Market for luxury jets seen slipping for first time since 2009
Global long-term spending on private jets is starting to slow for the first time since 2009 as slumping commodity prices sap demand in emerging markets, according to an industry forecast. Deliveries for the 11 years ending in 2025 will be valued at $270 billion, Honeywell ...
