Debswana, a joint venture between the Botswana government and De Beers, plans to expand its Jwaneng Mine extending its lifespan by eleven years to extract a further 50 million carats.
Secoo, one of the largest premium e-commerce platforms in China, has set up a designer channel to enhance its influence in the fashion world and to help promote more Chinese indie designers on the global stage.
Selfridges is continuing its drive to minimise eco-damaging waste with its latest initiative being to remove all single-use plastic bottles of carbonated drinks from its stores.
French luxury group Kering said on Friday it had taken steps to sell skatewear label Volcom, its last remaining non luxury brand, as it focuses on its high-margin, high-end labels.
Oscar de la Renta has opened its first store in Boston in the form of a two-month pop-up on Newbury Street. The label will offer this season's RTW, bridal and children's collections.
The French department store group is looking to open a new branch at the Beaugrenelle shopping mall in Paris, reportedly taking over the premises of Marks & Spencer and other retailers.
The footwear label, Chinese-owned since February, has opened a new showroom, design studio and merchandising office in Milan, refocusing on shoes and strengthening in the sport segment.
The house of Hermès has opened a major new manufacturing plant in Franche-Comté, the eastern French region bordering Switzerland. Named the Manufacture of Allan, it will employ 260 leather goods artisans.
Christian Dior is off to the races for its next cruise. The Paris fashion house will unveil its 2019 cruise collection inside the most famous stables on the continent in Chantilly, France's horseracing capital.
The Punjab National Bank (PNB) believes that it can make back the losses incurred from the Nirav Modi fraud scandal in six months and the bank’s CEO, Sunil Mehta, has some words for the diamond tycoon.
Irish designer Simone Rocha has a new installation at Dover Street Market in NY showcasing her SS18 dresses on bust forms, surrounded by her seasonal "fuzzy doll" embroidery pattern of red and white dolls holding hands.
Virgil Abloh's Off-White has sued e-commerce marketplace Wish.com for selling counterfeit Off-White goods. Off-White is suing the site for lost profits and $2 million per infringement which could total $300 million.
Designer John Galliano, currently director at Maison Margiela, has announced that he will no longer be using fur in his collections.
The luxury group has been ordered to pay €9.3 million to Hedi Slimane as part of the remuneration for his last year in charge at Yves Saint Laurent. Kering will appeal against the ruling.
Diamond jewellery brand De Beers has ramped up its global presence with the opening of its first location in Saudi Arabia and a flagship store in Russia.