More Grim News For The Luxury Market

Is Gold Out of Fashion? From the news-I don't-believe file comes this article that claims gold is "no longer the metal of choice for the adornment of the r...

Italian Goldsmiths Facing Troubling Times Times are hard for the traditional artisans of Italy. Back in December I wrote about Italian luxury fashion labels dealing with higher manuf...

Earlier this week the first quarter statements for two of the biggest luxury retailers, and Neiman’s, reported a healthy status but both aren’t seeing as many shoppers as usual. For February, enjoyed a small, little bump in revenue as sales rose 3.4 %, but Neimans dropped 7.3.% after January promotions. Although a recession never seems to affect the uber-affluent who will continue to shop for premium luxury items, the economic woes of late may make the aspiring customer hesitate until the market turns back around. I think its impressive how much internet buying adds to the bottom line — last quarter Neiman’s online sales were $180 million, up almost 16%! Both retailers are finding every opportunity they can to cut costs and provide items that will appeal to their customers, such as specialty items and certain must-have colors. Maybe they aren’t enjoying the crowds of yesteryear but they aren’t in any real pain yet…

China Is Poised To Take Over the Diamond Polishing Market Once again, the condition I term Asian Anxiety (when various other markets are worried about the buying or producing power of the n...

What is Zultanite? Color changing gemstones are always popular with collectors. A while back I reported on the Leviev chameleon diamonds now comes news of a st...

Faberg茅 Ventures into Gemstones The company known around the world for the million-dollar ornamental eggs made for Russian Czars is taking a chance on gemstones. Faberg&eac...

ATS Reports Rise In Gold Investors ATS Bullion have just releaed their newsletter, wherein some good news was to be found for the gold market. Investor interest is surging, ...

Cond茅 Nast Traveller Launches ‘The World of Luxury’ Discerning travelers and luxury aficionados now have a new source for locating the best high-end shopping destinations wherever they may roa...

Gold Looking Good In India- Market Report I have a great interest in the precious metals market, and as such am following the Indian "Gold Season" with interest. From what I...

Tiffany Goes To Macau

Tiffany & Co. Announces First Smaller Store

Tags: economy, luxury-market, neiman-marcus, saks, saks-fifth-avenue

 

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