An emerald and diamond necklace set with the largest flawless white diamond ever to come to auction has sold for a world record 33.5 million Swiss francs (£25.82 million), the star lot at a Geneva sale, Christie’s said.
Outlet centre giant McArthurGlen saw sales rising fast in the last year as tourists from outside of Europe and price-conscious locals bought into its offer while higher-end new brands signed up to its malls
Farfetch is seeing fast-rising sales but its losses have widened as it continues to invest in growth and sacrifice profit ahead of an expected US IPO. That’s the main message from the accounts that were filed this week.
London lost its top spot on a list of key cities for luxury store openings this year. The new review by Savills saw Paris back in the lead this time, but London, New York and Tokyo are top of many brand wishlists.