Luxury is always “In”
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Friday,November 29 2019 [ Issue 5 November/ 2019 ]
Luxury is always “In”
If the past week has taught us something, it is the fact that luxury is here to stay and it’s not going anywhere. While LVMH and Tiffany were tiptoeing and going back and forth about the buyout deal, as expected, the American brand known for its engagement rings was bought for $16.2 billion, one of the largest takeovers this industry has ever witnessed.

If this is not enough, the high jewellery auctions redolent with fancy colour diamonds and rare gemstones like sapphires from Kashmir and rubies from Burma that constantly rake in a good deal of money goes to show that the market for precious things is in tact.

India too is a victim of this trend – luxury goods are highly in demand as the high net worth individuals in the country are steadily increasing. Case in point: Diacolor brings Faberge timepieces to India. We now know that luxury is a mainstay across geographies and diamonds are very much a part of this framework. What we can do best is to market them aggressively so that people don’t lose the admiration they have for the sparkle of these billion year old stones.

 
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Highlights
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Following the shop-in-shop model, Fabergé will be recruiting local retail talent as it prepares to be a part of the upcoming flagship store of DIACOLOR at the Taj Mahal Hotel, Colaba in Mumbai, and DICOLOR’s exis
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A 49-carat diamond which analysts estimate to be worth up to $12 million was among over a dozen jewel-encrusted items snatched from a German state museum in a spectacular heist, the museum confirmed Wednesday. Publishing a li
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On 26thNovember, Christie’s Magnificent Jewels auction totaledHK$396,463,750 /US$50,880,505. The top lot of the sale wasHeavenly Harmony, a Magnificent Jadeite and Spinel Necklace, which realizedHK$73,580,000 /US$9,442,
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Terry Chu, Head of Jewellery, Phillips Asia, said: “This auction of important Jewels and Jadeite saw collectors from around the world competing for top quality gemstones and signed jewels. The results prove that the mar
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Gemfieldsannounces the results of an auction of higher quality rough emeralds held in Singapore from 18‐21 November 2019. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by G
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The research reveals that the global diamond industry is at a major inflection point. Steadily decreasing prices, a decline in profitability and restricted access to finance has placed the industry under significant pressure.
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Provenance Proof, an initiative from the Gübelin Gem Lab, and recentlyspun off as an independent company, has developed both the EmeraldPaternity Test – deploying physical tracers based on nano-sized tags – a
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LVMH and Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States. The deal comes after LVMH spent more than a month wooing
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The Dubai Diamond Exchange (DDE) – a subsidiary of DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – announced today that it had successfully hosted
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A Memorandum of Understating (MOU) has been signed between HRD Antwerp India and Arihannt Diamond Institute (ADI) for academic collaboration in India. This MOU will facilitate the exchange of students, facultiesas well as dia
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