Jeweller Harry Winston bought the largest ever diamond to be sold at auction. The gem fetched a record 26.7 million dollars.» Read More
While Britain paid its respects to former PM Margaret Thatcher, the market is still feeling the force of her economic impact.
Rahul Sharma, managing director at Neev Capital, tells CNBC he is positively surprised by Burberry's results and says the market should stop focusing so much on the Chinese luxury consumption and look into emerging markets.
DETROIT, April 12- General Motors Co on Friday named Don Butler head of strategy for Cadillac, as the luxury brand seeks to become a globally recognized name. Butler, who had been in charge of global marketing for the brand, will continue to report to Bob Ferguson, GM's global Cadillac chief.
Imran Amed, founder and editor at Business of Fashion, tells CNBC that Prada has performed "outstandingly" because of its clever merchandising strategy and its increased emphasis on its Miu Miu brand.
Allegra Perry, managing director at Cantor Fitzgerald, tells CNBC that Chinese demand for luxury goods is still very strong, but that demand is shifting from high-end to mid-segment goods.
Alasdair Warren, head of European equity capital at Goldman Sachs, tells CNBC that Moleskine's difficult start shouldn't scare off other potential IPOs just yet, as they chose a tough market day to debut.
Arrigo Berni, CEO of Moleskine, explains that he chose the Italian market for his IPO due to Europe being its core market and says that his company grew despite the rise of digital technologies because people want items with meaning.
CNBC's Phil LeBeau reports on strong U.S. auto sales for March, and a love for luxury brands; and Michael Silverstein, Boston Consulting Group, discusses which luxury auto brands are moving fast.
CNBC's Robert Frank reports on the big business of finding rare vintage cars in the most unlikely places.
Ocappi, an online diamond company launching Wednesday, aims to equip men with multiple rings to choose from. Each ring will require a $75 deposit and must be returned within five days.
*Previous branding effort with Prada flopped. *Hyundai trying to compete at home against BMW, Mercedes.
Just browsing? That'll cost you at some retailers. These fees are the latest company tactic in the fights against counterfeiting and "showrooming."
Christophe Georges, President & COO of Bentley Motors, provides a preview of the new luxury automobile and announces the company's plans to introduce an SUV model in the near future.
Rahul Sharma, founder & managing director of NeevCapital, tells CNBC that Mulberry's lack of brand recognition and large-scale distribution is affecting its competitiveness in China and explains their recent poor record.
Brian Nagel, Oppenheimer & Co. analyst has the trade on the luxury retailer, after reporting a better-than-expected fourth quarter profits.
Tiffany said that worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions, and the upscale jeweler reported a slightly higher profit for the holiday quarter.
Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
CNBC's Robert Frank gets behind the wheel of Rolls-Royce's new Phantom. (2:52)
SAN FRANCISCO, March 8- Luxury department store operator Neiman Marcus is shutting its eBay Inc store, a setback for the e-commerce company, which has been trying to lure large retailers to its online marketplace.
The "Ferrari Index" is an index of the 25 most sought after collectible or vintage Ferraris. CNBC's Robert Frank reports the index is up 70 percent.