Kering shares fall due to drop in Gucci sales – 24/4/2015

Kering released their first quarter financial figures this week, which caused a downfall in their shares. The news caused their shares to fall by 6 per cent at €167.35 ($AUD233.61) having made their steepest intraday drop in almost two years. The French luxury house’s stable horse would be Gucci and is proving a more

Worrying times for Richemont – 23/4/2015

All is not well in the Richemont camp with the luxury group releasing a statement this week declaring that their annual profit is set to fall by more than a third. “Compared to the previous financial year, Richemont’s net profit for the year ended 31 March 2015 is expected to show a decrease of

A rare pink diamond up for grabs and Cartier cuts prices – 20/4/2015

Is it a ring that can stop the world in its tracks? It could be due to its historic past. Sotheby’s are auctioning the historic pink diamond in the Magnificent Jewels and Noble Jewels auction in Geneva on the 12th May. Billionaire.com reports that the pink diamond is believed to have been in the