The luxury brand reached a historic milestone by exceeding a €200 billion ($218 billion) market value this week, per Bloomberg, soaring past Swiss pharmaceutical giant Novartis AG. This impressive feat is attributed to the luxury brand’s strong performance, rallying approximately 30 percent so far in 2023, buoyed by investor confidence in the high-end market’s continued success.
This article was originally written by Ghadi Joudah for Arab News and published on January 25, 2023. RIYADH: French luxury jewelry brand Van Cleef & Arpels is holding an exhibition in Riyadh featuring creations previously owned by Elizabeth Taylor, Grace Kelly and Egypt’s Queen Nazli and Princess Fawzia. The immersive exhibition invites attendees to explore the Van Cleef & […]
In some ways, jewelry is a safer investment: It doesn’t require tailored storage or upkeep like wine, art and cars; it’s easily transportable; it’s valuable currency in any country; and it can be worn and enjoyed.
The rich keep spending. Luxury goods maker Hermes International’s stock soared Friday after the company reported sharply higher profit and revenue despite global recession fears.