Revived luxury firm Faberge, whose namesake designed jewel-encrusted eggs for Russian Tsars, plans to sell its first collection of jewellery pieces worth up to $7 million each to the ultra rich on the Web.
Demand for polished diamonds is growing briskly in China and India but not quickly enough to make up for the drop in buying in the world's top market the United States, diamond entrepreneur Martin Rapaport said.
Gold's rally to above $1,000 an ounce threatened to hurt demand in India during the busy festival season, but fears of further rises could also ignite panic buying from jewellers in the world's top consumer.
After a busy period, Tommy Hilfiger has once again found a new path to tread. On the cards, a collection of t-shirts with Saiman Chow, a book with Sam Haskins and an advertising campaign with group The Films.
India's gem and jewellery makers cheered government sops for exporters in the latest trade policy for 2009/10 with shares of big exporters like Gitanjali Gems and Rajesh Exports jumping 9.5 percent and 13.7 percent.