Latest Retail

Hong Kong Sees Highest Luxury Sales in Three Years

Easing of Covid-19 restrictions supported demand in January.

Appointment comes amid “transformation” process at Hong Kong-based jeweler.

The bridal sector hopes the momentum will last following the busiest year for nuptials in almost four decades.

Share prices stable amid takeover rumors.

Sales increased 11% in latest fiscal half as jeweler cut back on discounting.

Company will introduce shops in markets including Atlanta, Georgia, and Dallas, Texas.

North America head will take senior international role.

January revenue up 3% from December, according to US Census Bureau.

Boucheron, Pomellato and Qeelin all saw strong growth in 2022.

36% of center stones in 2022 were synthetic diamonds, doubling in popularity from 2020, according to The Knot.

Paris Peace Forum meeting also touches on responsible sourcing, workers’ rights, and respect for local communities.