Komehyo to introduce AI-based used goods appraisal system

Business / Corporate Aug 19, 2020

Komehyo to introduce AI-based used goods appraisal system

Komehyo Co., a Japanese recycle store operator, said Tuesday it will introduce an artificial intelligence-based system to appraise used brand goods. The system can tell whether an item is fake and identify the model number of a genuine item using pictures taken with a microscope ...

LMVH profit jumps as Japan, Europe join China luxury rebound

Business / Corporate Jul 27, 2017

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 ...

World Nov 19, 2015

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 ...

Made in North Korea: goods store opens to brisk business in Seoul

Business Aug 7, 2015

Made in North Korea: goods store opens to brisk business in Seoul

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 ...

Slowboat to China: No quick fix for luxury yacht firm Ferretti

Business Jun 29, 2015

Slowboat to China: No quick fix for luxury yacht firm Ferretti

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 ...