May 26- For Alan Feid, a 28- year-old looking to buy an engagement ring for his fiancée, the rings he found in the diamond district in Manhattan were just as good as the ones he saw at Tiffany& Co's flagship store on Fifth Avenue. "At the end of the day, I don't think there's much of a difference when it comes to the style or the quality," said Feid, a resident of Jersey City, New... » Read More
The booming demand for luxury yachts in Asia’s financial capital Hong Kong, largely fueled by wealthy mainland buyers, is pushing the rental price of marina berths located across the city’s coastline up to record levels.
Rinat Akhmetov, Ukraine’s richest man, has bought the UK’s most expensive flat at the One Hyde Park residential development in London’s Knightsbridge, the FT reports.
Spending by rich Americans on luxury goods is set to grow by $26.6 billion in 2011, with the number of affluent families planning to spend more almost doubling in the past three years, a poll found Friday.
With the boating industry forced to trim costs and woo a more value conscious consumer, there’s a boat for every budget.
China is on the verge of overtaking Japan as the world’s largest consumer of luxury goods, spending $13 billion, or 22 percent of the world total, in 2010.
There is one market, far away from Asia, which may surprise in 2011: the USA, according to Frederic de Narp, CEO and President of diamond giant Harry Winston.
European pharmaceutical stocks are cheap, offer high dividend yields and current valuations provide a good opportunity for investors to enter the sectors, Ana Armstrong, managing partner and head of portfolio strategy at Armstrong Investment Managers told CNBC.
Likely motivated by equal parts love and admiration and morbid curiosity, fashion insiders descended Sunday on a tony Paris townhouse to see what could very well be the last ever collection by John Galliano.
LVMH, the French luxury goods conglomerate, is to take a controlling stake in Bulgari, the Italian jewelry house, in an all-share deal, the Financial Times reported.
Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.
Greater China may represent a significant portion of sales for leading luxury brands Louis Vuitton, Gucci and Bulgari, but Aaron Fischer, regional head of consumer research at CLSA Asia Pacific Markets, believes Hong Kong-listed retailers are better positioned to capture the mainland’s demand for high-end merchandise.
Nordstrom's decision to acquire online retailer HauteLook is just the latest example of the shake-up that is going in the designer goods market. Fashion designers are scrambling to play catch up with their online strategies now that more luxury customers are demanding it.
It's probably the number one auto question I get this time of year. No, it's not about what new models will pop up at the Detroit Auto Show in January.
Luxury yoga-wear manufacturer Lululemon, soaring on a blowout quarter, garnered a “neutral” rating from one analyst and an “outperform” from another on CNBC Thursday. Why?
Few companies were clobbered harder than Starbucks in the recession. The coffee chain with outposts on every corner came to represent all that was wrong with American businesses and shoppers: unchecked expansion, self-indulgence and mindless credit-card swiping.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
Luxury consumers are more willing to indulge this holiday season, but they are doing so with value in mind, according to Ronald Boire, president and CEO of retailer Brookstone.
Forget entertaining clients in karaoke bars. These days, Chinese businessmen are more likely to be talking deals on luxury boats.
When buying a boat, there is but one fundamental principle to follow, according to those who already have some cash moored somewhere nice: enjoy it.
The well-made Italian suit found its way on the backs of more and more affluent Chinese men this year, as China topped the US in sales from luxury suit maker Ermenegildo Zegna Group.