Luxury jeweller Tiffany & Co, which is being bought by Louis Vuitton owner LVMH, missed market expectations for quarterly profit and sales, hit by lower spending by foreign tourists in the United States and Hong Kong.
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced details surrounding its latest campaign to boost international diamond trade through the emirate of Dubai.
The 47th Watch & Jewellery Middle East Show, the largest and longest running event of its kind, concluded on a high note on Saturday. The show delivered top performance and generated new business and witnessed latest trends and innovations.
LMVH, which owns Louis Vuitton, Dior and the brands Veuve Clicquot and Moet, has made a bid for American jeweller Tiffany, known for its engagement rings and diamonds.
The jewellery industry of India, which is going through a slowdown in consumption demand amid the pandemic would require digital strategies for its growth post the Covid-19 crisis, according to a report by the World Gold Council (WGC).
An Asian maid, 45, was arrested and referred to the criminal court for stealing gold jewellery and cash worth around Dhs100,000 from her employer.