AUCTION-DIAMOND/

Rare blue diamond fetches $6.4M in Hong Kong

A rare 5.16-carat blue diamond sold at auction for $6.4 million in Hong Kong on Wednesday, confirming Asia’s fast-growing taste for the precious stone. London’s famed Moussaieff Jewellers paid more than the $5.9 million expected price tag for the pear-shaped stone, the first blue diamond from the celebrated De Beers Millennium Jewels Collection to appear [...]

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Chinese interest rules the auction world

In a bold recognition of the world’s fastest-growing auction market, Sotheby’s recently hoisted China‘s flag at the most conspicuous spot outside its New York headquarters. The flag now flies between those of the US, UK, France, and Switzerland, where the auction house has established its core client base. “We proposed it. To my great surprise, [...]

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China’s mainland has over 875,000 multimillionaires

The Hurun Research Institute published the 2010 Hurun Wealth Report today for the second consecutive year. The report analyses the number and distribution of China’s wealthy across the nation’s major cities and provinces. The report shows that there are 875,000 people with more than RMB 10million (EUR 1.1M / USD 1.47M) in China today, an [...]

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Video: China’s love for luxury

CNN posted an interesting video today about the growing number of mainland Chinese shoppers flocking to Hong Kong to buy luxury goods, much to the enjoyment of Hong Kong retailers and international luxury brands alike.

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Hainan Rendez-Vous 2010

Picture a world where the champagne never stops flowing, the music never stops playing, the jewels never come off and the parties never end… Now throw in haute cuisine aboard mega yachts, flights aboard gilded private jets, exclusive luxury property launches and private previews of the latest couture collections. Stir up the action with a [...]

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Chanel Celebrating the 2010 Shanghai World Expo

To celebrate the Universal Exhibition in Shanghai, Chanel is launching the Chanel Shanghai accessories collection inspired by the delights of China. This limited-edition collection, which includes bracelets, necklaces, handbags and earrings, will debut at Chanel’s five mainland boutiques this May.

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