Slowdown in luxury sector may widen Xmas present choices

Slowdown in luxury sector may widen Xmas present choices
Post-covid, consumers have things other than diamonds and similar luxuries to spend their money on. (Image: Depositphotos)
Bloomberg
By Andrea FelstedIn the market for some sparkle this Christmas? It may cost less than it did in the past few festive seasons.The slowdown in the luxury sector that’s hurt big European names such as LVMH and Gucci-owner Kering is touching everything from watches and jewellery to diamonds.So it’s probably not a bad time to put some bling under the tree. Rough diamond prices have begun to stabilise, but man-made diamond values remain under pressure. As for watches, Rolex and Patek Philippe timepieces continue to change hands...

More Bloomberg

Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Wall St backers see breakthrough moment for carbon offsets
Climate change

Wall St backers see breakthrough moment for carbon offsets

Promoters' big wins include Biden administration's blessing of the credits.

Bloomberg 22 Jun 2024
Nvidia’s rise to US$3 trillion fuels ‘Jensanity’ in the tech world
Technology

Nvidia’s rise to US$3 trillion fuels ‘Jensanity’ in the tech world

At Computex, cheering, chanting fans followed the billionaire everywhere.

Bloomberg 15 Jun 2024
Google's AI keeps hallucinating. Does anyone care?
Technology

Google's AI keeps hallucinating. Does anyone care?

Complacency over AI errors will only make the search experience worse.

Bloomberg 02 Jun 2024