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Crisis taking the shine out of luxury

Crisis taking the shine out of luxury

Chanel fashion’s decision to call off a prestigious but costly global art show is the latest sign that even the shine of the luxury industry is beginning to wear thin due to the crisis.
While big profits are still on the cards for the luxury sector in the months ahead, global sales are down, prices stagnating, [...]

Gold jewelry continues to shine as purse strings tighten

Gold jewelry continues to shine as purse strings tighten

Gold jewelry is one of the top three most popular items for women’s discretionary spending in the U.S. according to World Gold Council’s (WGC) 2008 survey, What Women Want: Global Discretionary Spending Report, conducted by independent research firm, GfK, among 1,068 American women aged 16 to 65. The study was also run in the key [...]

Kerr gold ring exceeds sale price

Kerr gold ring exceeds sale price

A rose gold engagement ring that once belonged to Hollywood actress Deborah Kerr has fetched more at auction than expected.
The ring, from the star’s first marriage, was sold by auctioneer Bonhams and was expected to fetch up to £25,000 in the sale.
Sold as part of a collection of jewellery owned by the icon on behalf [...]

Classic jewellery styles popular this Christmas

Jewellers in the US are reporting that ‘classic styles’ are proving particularly popular with customers this festive season, a survey states.
According to interviews with jewellers across the country conducted by National Jeweller magazine, many holiday shoppers are opting for classic designs “in the $500 (£323) range”.
Frank Molteni of DB Ryland and Co in Bristol, Virginia, [...]