Like all North Korean adults, Song Un Pyol wears the faces of leader Kim Jong Un's father and grandfather pinned neatly to her left lapel, above her heart. But on her right glitters a diamond-and-gold brooch. Song, who manages a state-run supermarket with freezers stocked ...
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 ...
In a tradition dating to Biblical times, men rise at dawn in the rugged Cal Madow mountains of Somaliland in the Horn of Africa to scale rocky outcrops in search of the prized sap of wild frankincense trees. Bracing against high winds, Musse Ismail Hassan ...
The "Oppenheimer Blue" diamond sold Wednesday for more than 56.8 million Swiss francs ($57.6 million) including fees, crushing the previous record for the most expensive diamond ever sold at auction. Capping a lively and even laughter-filled auction at Christie's, the hammer came down to applause ...
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 ...
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 ...
A study shows that wealthy Chinese remain the No. 1 buyers of luxury products worldwide, inured to economic turmoil at home as they zigzag the globe in search of deals on everything from handbags to jewelry. The study by Bain & Company consultancy released Thursday ...
It's often said that in Japan you may live right next door to a millionaire and not know it, because his house looks just like yours.
A shop in South Korea's capital specializing in goods made in the North has run nearly $140,000 through its tills in just three months of business, helping dispel the notion that products from the impoverished state are shoddy and undesirable. The Kaesong Industrial Complex Shop ...
When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favoured by film star Sophia Loren, was the world's top maker of ...
In the struggle to curb the slaughter of elephants, conservationists are hailing as a possible game-changer the unexpected pledge by a senior Chinese official to stop the ivory trade in a country whose vast, increasingly affluent consumer market drives elephant poaching across Africa. Now they ...
Seo Jae Hyeong says he's started wearing skin foundation and facial masks at night. It's not about looking younger, the 49-year-old head of Daishin Asset Management Co. says. Seo is trying to get first-hand insight into one of South Korea's hottest stock-market bets: the cosmetics ...
