He grew up in New Jersey, and became a jeweller.
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Tiffany's, an illustrious American jeweller, has rolled one out, too.
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The gunmen took fellow passenger Rajesh Verma, a jeweller, with them.
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Headlines Indian celebrity jeweller flees to UK claiming political asylum on.ft.
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NS) is partnering with iconic U.S.-based luxury jeweller Tiffany & Co (TIF.
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PA) on its $14.5 billion bid approach for jeweller Tiffany & Co (TIF.
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Some retailers successfully have, such as grocery firm Tesco's and jeweller Pandora (PNDORA.CO).
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"I wish we had the nerve of the English," said jeweller Stavros Karidis, 53.
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Meghan Markle wearing Montreal-based jeweller Ecksand at the opening of the Invictus Games.
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Founded in 1982, the Prette family-owned jeweller relocated production to China in 1992.
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The highlight of the week was the bank fraud case involving jeweller Nirav Modi.
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"I have my doubts," said Hakan Ovali, 25, who works at a jeweller shop said.
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LVMH, A FRENCH luxury goods giant, is buying American jeweller Tiffany & Co for over $16bn.
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TIFFANY'S FRANKFURT-LISTED SHARES MARKED UP 17.7% AFTER LVMH CONFIRMS INTEREST IN ACQUIRING LUXURY JEWELLER TIFFANY
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Shanghai's oldest jeweller, Lao Feng Xiang, has collaborated with Disney since 2016 to use its characters.
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FINANCIAL TIMES SAYS THE US JEWELLER OBTAINED ANOTHER HIGHER OFFER FROM LVMH, BERNARD ARNAULTS LUXURY GROUP
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It came back into popularity in the 1960s when jeweller De Beers reintroduced it into popular culture.
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Finally, Joaillier Prive, an artisan jeweller in Italy, has added specially-chosen diamond stones to the tyres.
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Another is a 1701 golden coffee service by court jeweller Johann Melchior Dinglinger, decorated with lounging cherubs.
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Louis Vuitton owner LVMH made a proposal to buy U.S. jeweller Tiffany & Co with a $14.5 billion offer.
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China's top jeweller said it expected its rental costs to decline and was upbeat on its future performance.
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French luxury giant LVMH bought storied Rome jeweller Bulgari in 2011 and rival Kering acquired Pomellato in 2013.
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Many small jewellers sell smuggled gold in cash at a discount and pocket the profits, the jeweller said.
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Shares of jewellery makers such as Titan and PC Jeweller fell as much as 5% after the announcement.
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In later years, she claimed her father was a jeweller, when in fact he manufactured hats for babies.
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The deal will boost LVMH's smallest business, the jeweller and watch division, home to Bulgari and Tag Heuer.
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The bank has reportedly filed a complaint against a jeweller, Nirav Modi, and some of his family and businesses.
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INDIA FEDERAL POLICE WILL SOON FILE FRESH CHARGES IN PUNJAB NATIONAL BANK FRAUD CASE INVOLVING JEWELLER NIRAV MODI - SOURCE
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By contrast, Britain's Burberry, Italy's Salvatore Ferragamo or U.S. jeweller Tiffany were more glaringly exposed when their sales momentum faltered.
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"Since the rupee is falling, consumers are buying, expecting a further price rise," said Kumar Jain, a Mumbai-based jeweller.
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"Some jewellers (are) moving to unofficial trade from official," said Mayank Khemka, managing director of jeweller Khemka Group of Cos.
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A British collection of 29 jewels by French jeweller Cartier sold for $3.4 million, doubling its low estimate, he said.
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It also named Gitanjali Gems, Gili India and Nakshatra - companies promoted by another jeweller, Mehul Choksi, who is Modi's uncle.
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Several major gems, including a Colombian emerald and diamond ring by New York jeweller David Webb, stalled on the block.
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I'm not going to go into exhaustive detail here — I highly suggest you read this post from the Court Jeweller blog.
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Luxury jeweller Tiffany & Co and U.S. sports brand Vans have also withdrawn an advertisement and shoe design seen as favouring protesters.
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And the U.S. the jeweller is still in turnaround mode as it tries to rejuvenate its image and lure shoppers online.
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And she topped the ensemble off with a touch of glamour: her leaf drop diamond pave earrings by British jeweller Kiki McDonough.
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In recent months the QIA has, among other deals, reduced its stakes in upscale jeweller Tiffany & Co and Swiss bank Credit Suisse.
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A plumassier is like a goldsmith who can afford to work only in bronze, or a jeweller who makes do with rhinestones.
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The Italian suit-maker Ermenegildo Zegna, the American luxury jeweller Tiffany, and Apple have all warned that consumers across China are paring back spending.
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Shares of jewellery makers such as Titan, P C Jeweller, Tribhovandas Bhimji Zaveri Ltd and Thanga Mayil Jewellery Ltd fell as much as 7.8%.
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Danish jeweller Pandora rose 5.7 percent, the top gainer in the STOXX 600 index, with traders citing a bullish survey from Swedish broker Carnegie.
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A UK jeweller has created a £4,53 ($5,600) diaper cream lid to celebrate the upcoming birth of Prince Harry and Meghan Markle's royal baby.
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But jeweller Pandora has withdrawn its financial outlook while VW said it was impossible to give an outlook for 2020 because of the virus.
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Luxury jeweller Tiffany & Co will temporarily close several outlets, including its Fifth Avenue flagship store in New York, and reduce working hours at others.
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Farmers have limited disposable income to make big-ticket purchases like gold, said Mangesh Devi, a jeweller in the western Indian state of Maharashtra.
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"Our business has nearly stalled due to the cash crunch," said Mangesh Devi, a jeweller based in Satara, Maharashtra, who caters mainly to farmers.
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Five executives from companies run by billionaire jeweller Nirav Modi and his uncle Mehul Choksi, who heads Gitanjali Gems , were also arrested on Tuesday.
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Danish jeweller Pandora soared 7.3 percent, the top gainer in the STOXX 600 index, with traders citing a bullish survey from Swedish broker Carnegie.
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Now, a UK jeweller has given fans a new way to celebrate the upcoming birth — by creating a £4,250 ($5,600) diamond-encrusted diaper cream lid.
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TPG declined to disclose financial terms but one person with direct knowledge of the transaction said the deal values the jeweller at around $800 million.
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After amassing shares in the jeweller and backing an activist campaign, he ousted Tiffany's then-CEO in 2017 and offered the top job to Bogliolo.
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The pavements heave with crowds eager to see the diamonds sparkling at Tiffany & Co, a jeweller, and festive displays at Saks Fifth Avenue, a department store.
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As recently as January the jeweller in question appeared in a photo of Indian tycoons hobnobbing with Mr Modi at the Swiss mountain resort of Davos.
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Valcambi, owned by Indian jeweller Rajesh Exports and whose Swiss precious metals refinery is the world's largest, had sought to buy RMC before it declared bankruptcy.
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Transactions like luxury giant LVMH's $16 billion takeover of American jeweller Tiffany & Co underscore an eagerness to tap into growth in the United States and Asia.
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Indian billionaire jeweller Nirav Modi has denied allegations that he was involved in a $1.8 billion loan fraud at (PNB), his lawyer told Reuters on Tuesday.
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Camilla wore a beaded white Bruce Oldfield dress, paired perfectly with a pearl choker and diamond earrings, a favorite set of hers according to The Court Jeweller.
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Jean-Christophe Babin, the boss of Bulgari, an Italian jeweller, says it was the spread of high-end, beautiful malls in Asia that did most for growth.
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In a court filing on Tuesday, police said the Gitanjali group of companies controlled by jeweller Mehul Choksi allegedly defrauded PNB of 70.8 billion rupees ($1.09 billion).
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Durable goods retailer United Electronics (eXtra) fell 2.5 percent, clothing retailer Abdulaziz Alhokair Co lost 2.8 percent and jeweller Ahmed Fitaihi Co slid 3423 percent on Wednesday.
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Britain's biggest watch retailer, which distributes Rolex, Patek Philippe, Omega, Cartier, TAG Heuer and Breitling, began expanding in the U.S. in 2017 by buying U.S. jeweller Mayors.
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The report comes hot on the heels of LVMH's agreed $16 billion takeover of jeweller Tiffany last month (Reporting by Sarah White; Editing by Sudip Kar-Gupta)
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In Europe, Europol, the European Union's law enforcement agency based in The Hague, offers similar help to businesses and it works with International Jeweller Security, a registry site.
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Last year, Titus, who restores classic automobiles in the barn, and Jasmin, a jeweller and a painter, began offering overnight stays in two renovated cabins on the property.
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The owner of Louis Vuitton and Christian Dior announced last month that it would buy Tiffany & Co. in a deal that values the jeweller at about $230 billion.
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Italian private equity firm Clessidra said on Friday it had reached an agreement to sell an 85 percent stake in high-end jeweller Buccellati to Chinese conglomerate Gangtai Group.
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"We're aiming for double-digit growth in our watch business this year," Jean-Christophe Babin, chief executive of LVMH's jeweller Bulgari, said in an interview at the Baselworld show.
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NEW DELHI, Feb 15 (Reuters) - Indian billionaire jeweller, Nirav Modi, who is facing accusations that he defrauded a state-run bank of $44 million left the country on Jan.
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A few months later, he posted an image of the chain, with the caption "Jacob," in quotations, a reference to Jacob Arabo, who is known as Jacob the Jeweller.
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At a jeweller fair in Las Vegas on Friday, the association said its new slogan was the result of six months of development, including in-depth research into millennial consumers.
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Jeweller Tiffany, which has suffered from sharply lower spending among Chinese tourists in the United States, said this week it also planned to invest in e-commerce operations in China.
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The alleged fraud at PNB benefited billionaire jeweller, Nirav Modi and jewellery retailer Gitanjali India's federal police detained two employees of Punjab National Bank and an employee Nirav Modi's company.
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Labels heavily exposed to markets where Chinese tourism appears to be on the wane, such as Coach owner Tapestry or jeweller Tiffany in the United States, suffered as a result.
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The Dutch Emerald Parure Tiara was created using family emeralds in 1899 and given to Queen Wilhelmina as a present from her mother, Queen Emma, according to the Court Jeweller.
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Sheltering under LVMH's larger umbrella would allow Tiffany to make long-term investments to boost future sales and profitability, just as the French group previously turned around Italian jeweller Bulgari.
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COPENHAGEN, March 4 (Reuters) - Pandora will cut 180 staff and eliminate an organizational layer in an effort to move closer to consumers, the struggling jeweller and retailer said on Wednesday.
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The Danish jeweller, know for its charm bracelets, warned in May of a slowdown in China, which accounted for 12 percent of the company's total sales in the first quarter.
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Separately, India's federal police registered a case against a Delhi-based jeweller on a complaint of fraud filed by Oriental Bank of Commerce, another state-owned bank, a police source said.
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On Monday, it had filed charges against 22 people including jeweller Nirav Modi, former PNB chief Usha Ananthasubramanian, two of the bank's executive directors, and three companies belonging to Nirav Modi.
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But last year's social-media campaign to relaunch Panthère, a watch made by Cartier, a French jeweller, is evidence that they are waking up to the power of the online world.
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"In August demand was good but it fell in September due to higher prices," said Asher O., managing director of the India operations at Malabar Gold and Diamonds, a leading jeweller.
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"Cameron has England on his mind, not Scotland," said Linda Rozens, a softly-spoken 52-year-old jeweller originally from Glasgow, in a Stirling shop selling tartan and Celtic-design craft items.
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"The management anticipates the retail business environment will continue to be challenging for the fourth quarter and the sales performance will be worse than that of the third quarter," the jeweller said.
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Founded in 1982 by Ariane Prette, the Prette family-owned jeweller is hoping the sale would help it expand globally and has tapped investors in Asia, according to two of the sources.
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The group, whose other key brands inlude Dior, Fendi, Hennessy cognac and jeweller Bulgari, said that in an environment that remained uncertain it approached the second half of the year with caution.
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Dual listed Swiss jeweller Richemont also fell sharply, dropping 5.73% to 110.77 rand after announcing political protests in Hong Kong weighed on its first half sales and reporting higher than expected losses.
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PARIS, Oct 28 (Reuters) - France's LVMH on Monday confirmed it had approached U.S. jeweller Tiffany & Co over a possible acquisition, in what would be the Louis Vuitton owner's biggest purchase to date.
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A "new world record" was set for a jewel by the late Paris-based jeweller Alexandre Reza - a fancy intense blue diamond brooch surrounded with diamonds sold for $13.4 million, he said.
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N on the open market, a move that would have potentially enabled it to pursue its agreement to buy the U.S. jeweller at a lower price than the one agreed last year.
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The French conglomerate, which recently bought U.S. jeweller Tiffany, is better placed to cope than others thanks to a strong U.S. business, said Bernstein analyst Luca Solca, who also favours Moncler and EssilorLuxottica.
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ATHENS, Aug 26 (Reuters) - Greek jewellery maker Folli Follie has mandated Deloitte and Savigny Partners to look into the possible sale of its UK-based jeweller Links of London, it said on Monday.
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COPENHAGEN, Jan 30 (Reuters) - Jeweller Pandora said on Thursday it has closed 53 of is 237 shops in China, most of then in the Hubei province, following outbreaks of coronavirus in the country.
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Versace is the latest Made-in-Italy name to be snapped up by a foreign company after Rome-based Fendi, celebrity jeweller Bulgari and cashmere maker Loro Piana were all bought by LVMH.
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Gitanjali's promoter and managing director, Mehul Choksi; his nephew, billionaire jeweller Nirav Modi, and others were accused of being involved in fraudulent transactions that led to losses of roughly $2 billion for PNB.
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LVMH and Tiffany announced in November that the French luxury goods giant had agreed to acquire the U.S.-listed jeweller for $135 a share in a transaction that valued Tiffany at about $16.2 billion.
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"This year, footfalls in showrooms were higher for Akshaya Tritiya and per customer buying was also higher than last year," said Mangesh Devi, a jeweller based in Satara in the western state of Maharashtra.
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Brokerage CLSA downgraded local jeweller Chow Tai Fook , one of the city's most popular brands with mainland tourists, to 'sell' from 'outperform' on July 23, saying the protests could cause permanent long-term damage.
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Pandora jumped 12% after its preliminary results showed it would meet its 2019 sales and profit margin forecast, a sign that attempts to turn around the struggling jeweller could be starting to pay off.
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Richemont, the Swiss conglomerate that owns jeweller Cartier, this year took control of now delisted Farfetch rival Yoox Net-A-Porter, in a deal that valued that platform at 5.3 billion euros ($6.2 billion).
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Its larger Paris-based rival LVMH, owner of Louis Vuitton, recently raised the stakes by snapping up U.S. jeweller Tiffany, increasing its presence in one of the fastest-growing pockets of the luxury industry.
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The monarch opted to wear the Belgian Sapphire Tiara, according to The Court Jeweller, with the George VI Sapphire Suite that was gifted to her by her father as a wedding present in 1947. 10.
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This was allegedly perpetrated over a period of years by two jeweller groups that raised loans from overseas branches of Indian banks using nearly $2 billion of fraudulent guarantees issued by some rogue PNB staffers.
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To tap the demand of Chinese customers overseas, China's largest jeweller by market value launched three point of sales (PoS) in Korea, Malaysia and the U.S. in the previous fiscal year that ended in March.
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The results of an audit last month showed that Folli overstated its 2017 revenue by more than 1 billion euros and the jeweller presented an alternative restructuring proposal for creditors after a previous one collapsed.
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The jeweller also said it expects organic sales growth to be down 1% in the fourth quarter and 8% lower for the full year, compared to a 7-9% drop it had forecast for 2019.
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The jeweller also said it expects organic sales growth to be down 1% in the fourth quarter and 8% lower for the full year, compared to a 7-9% drop it had forecast for 2019.
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A flurry of major acquisition activity has also supported world shares, with France's LVMH offering to buy U.S. jeweller Tiffany & Co and Charles Schwab Corp's agreeing to purchase U.S. discount brokerage TD Ameritrade Holding Corp.
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The Narendra Modi-led government has been tightening norms against wilful defaulters especially after Indian aviation tycoon Vijay Mallya, fugitive billionaire jeweller Nirav Modi and his uncle Mehul Choksi fled the country following repayment defaults.
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MILAN, Dec 23 (Reuters) - The acquisition of Buccellati agreed by Gangtai Group values the Italian jeweller at 270 million euros ($282 million) in terms of enterprise value, a source close to the deal said on Friday.
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According the Court Jeweller, Mary sacrificed her Ladies of England Tiara and borrowed upright pearls from her Girls of Great Britain and Ireland Tiara (which is still in the Queen's jewelry vault) to make the topper.
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Two jeweller groups have been accused of defrauding banks by raising loans from overseas branches of Indian lenders using nearly $2 billion of fraudulent guarantees issued by rogue Punjab National Bank staff at a Mumbai branch.
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Brewer Royal Unibrew was up 10% on higher-than-expected second-quarter results and an upbeat outlook, but jeweller Pandora slumped 6% after Tiffany & Co warned of the potential impact from ongoing protests in Hong Kong.
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The case is different from a much bigger one involving billionaire jeweller Nirav Modi and his associates, although it took place at the same branch of the bank, a spokesman of the Central Bureau of Investigation said.
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"We traders ask to be allowed to export the entire quantity of gold and refuse to give 30% to the Central Bank of Sudan," said Mohamed Tabidi, a prominent jeweller and one of Khartoum's main gold dealers.
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The world's largest jeweller by production volume, Pandora earlier this year warned of thinner margins due to slowing mall traffic in the United States and British markets, a lack of new products, and lower prices in China.
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COPENHAGEN (Reuters) - Shares in Pandora fell as much as 7 percent on Thursday after the Danish jeweller said it would lower retail prices in China by an average 15 percent to combat a rise in grey market sales.
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Among those arrested on Tuesday was Settimo Mineo, an 80-year-old jeweller suspected of heading local mafia families in the Sicilian capital Palermo and of being promoted to lead the whole crime group in May, police said.
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Indian federal agents last week said they were investigating the jeweller and others over accusations that they defrauded PNB of $403 million, and a CBI offical said told Reuters on condition of anonymity that the cases were related.
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Kering's deal follows a series of swoops on Italy's fashion industry in recent years, including on Armani and jeweller Bulgari, after a prolonged recession where some of the country's more prosperous sectors came under scrutiny from the taxman.
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NEW DELHI (Reuters) - India's federal police has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2-billion-plus bank fraud case, a federal police source said on Monday.
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PNB has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi, a high-end jeweller who runs his eponymous Nirav Modi stores that spread from New York to Hong Kong.
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"Many small jewellers sell gold without receipts and consumers are also happy as they avoid paying 3% GST, which is a huge amount in the case of gold," said a Mumbai-based jeweller, who declined to be identified.
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COPENHAGEN, July 19 (Reuters) - Shares in Pandora fell as much as 7 percent on Thursday after the jeweller said it would lower retail prices in China by an average 15 percent to combat a rise in grey market sales.
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MUMBAI, May 16 (Reuters) - Indian federal police have filed charges against five further people including jeweller Mehul Choksi as part of a probe into an alleged $2 billion fraud at state-run Punjab National Bank (PNB), two police sources said.
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In the police's initial charges, billionaire jeweller Nirav Modi, 21 other people, including PNB officials, and three Modi companies were accused of being involved in fraudulent transactions that led to losses of roughly 65 billion rupees ($911 million) for PNB.
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HONG KONG, June 13 (Reuters) - Chow Tai Fook Jewellery Group Ltd, China's largest jeweller by market value, on Thursday reported a 3.9 percent rise in profit, buoyed by sales rebound in the second half of the year as consumer sentiment improved.
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The scandal unfolded while Italy's Prime Minister at the time, Silvio Berlusconi, was being investigated for tax fraud, and leaks to the press revealed that many prominent Italians were on the list, from a Roman princess to the jeweller Gianni Bulgari.
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LONDON, Feb 5 (Reuters) - Louis Vuitton owner LVMH is set to raise the equivalent of around 9.3 billion euros ($9.9 billion) from bond markets on Wednesday to help finance its acquisition of iconic U.S. jeweller Tiffany & Co., according to a lead manager.
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Today, young buyers "think nothing of spending a few thousand renminbi on a necklace" as a fashion statement, says Zhang Guowang, a fourth-generation jeweller who runs Huachang Jewellery, one of the largest in Putian, with a few hundred stores around China.
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NEW DELHI, March 1 (Reuters) - A bankrupt U.S. firm of Indian jeweller Nirav Modi, who is accused of being involved in a $2 billion bank fraud in his home country, has received strong early expressions of interest from buyers, according to court filings.
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The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi that has shaken confidence in a state banking sector that accounts for some 260 percent of India's banking assets.
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The swoop was orchestrated by a trio of Italian businessmen, including LVMH managing director Antonio Belloni and Tiffany CEO Alessandro Bogliolo, who played a key role in LVMH's 2011 acquisition of Italian jeweller Bulgari - the French group's first foray into high-end jewellery.
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The Indian banking system was sent reeling early last year by a $2 billion fraud at state lender Punjab National Bank (PNB) , resulting from unauthorised credit guarantees to businesses linked to billionaire jeweller Nirav Modi and his uncle Mehul Choksi via SWIFT.
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PNB has said that two junior officials at the Mumbai branch had illegally issued "letters of undertaking" to get the overseas branches of other lenders to extend credit to "a few select account holders," most notably companies with ties to billionaire jeweller, Nirav Modi.
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MUMBAI, Feb 24 (Reuters) - Indian authorities said on Saturday they seized a farmhouse, a solar power plant and land belonging to billionaire jeweller Nirav Modi, at the centre of an alleged $1.8 billion fraud against Punjab National Bank that has shaken confidence in state lenders.
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Here are some of the main factors expected to affect Swiss stocks: The luxury watch and high-end jeweller said it will address watch overcapacity after net profit nosedived in the six months to September, hit by one-off restructuring charges and product buy-backs.
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In a letter to the Central Bureau of Investigation (CBI), one of the lead agencies probing the alleged loan fraud, the jeweller said the seizure of his assets, bank accounts and the shutting down of all his offices in India has caused prejudice against him.
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Jeweller Tiffany has flagged a spending slowdown among Chinese tourists in the United States, while Prada noted a slowdown among this clientele in Hong Kong in the fourth quarter, as the weaker yuan and the backdrop of a Beijing-Washington trade war also took its toll.
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And at the oral argument, the baker's lawyers had a difficult time explaining why siding with him wouldn't grease a slippery slope that gives anyone connected with a wedding—from the makeup artist to the jeweller—a right to refuse to do business with gays and lesbians.
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Adds details, Updates prices) By Atul Prakash and Danilo Masoni LONDON/MILAN, May 10 (Reuters) - European shares rose on Tuesday, lifted by news of progress on Greek debt talks, with Danish jeweller Pandora surging after strong results and Credit Suisse gaining after a smaller-than-expected loss.
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Last month, Punjab National Bank, known as PNB, filed an initial criminal complaint with the country's Central Bureau of Investigation (CBI) accusing celebrity jeweller Nirav Modi and others of defrauding the bank and causing it a loss of 21.4 billion Indian rupees (more than $173 million).
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Shares in LVMH - whose array of brands ranges from fashion houses Louis Vuitton and Christian Dior to watchmaker TAG Heuer and jeweller Bulgari - rose as much as 2.9 percent to an intraday record high of 213.50 euros ($225.9) before easing back to close 0.41 percent higher.
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The sixty-three participants champion innovation, from China's Trace Architecture Office ( TAO ) to the Israeli jeweller Noa Zilberman, whose gold-plated "wrinkles" nestle in facial creases, to the American Haas Brothers, who teamed up with craftswomen in a South African township to create the beaded bestiary above.
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A pair of diamond drop earrings, "Miroir de l'Amour" (Mirror of Love) by a new French boutique jeweller that has revived the illustrious name and "same philosophy" of 18th Century jewellers Boehmer et Bassenge, sold for 17.56 million Swiss francs after more than 153 minutes of bidding.
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In what has been dubbed as the biggest fraud in India's banking history, two jeweller groups have been accused of defrauding banks by raising loans from overseas branches of Indian lenders using nearly $2 billion of fraudulent guarantees issued by rogue Punjab National Bank staff at a Mumbai branch.
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MUMBAI, Nov 21 (Reuters) - India's biggest-listed jeweller Titan Co expects jewellery sales to leap more than a quarter this fiscal year as tighter rules on cash flows and a new sales tax hurt the mom-and-pop firms that dominate the business, a senior company official told Reuters.
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Police made more than a dozen arrests, many pinned up on the pavement against the wall of luxury jeweller Tiffany & Co. Police said masked "rioters" had committed "insane" acts, throwing trash, bicycles and other debris on to metro tracks and overhead power lines, paralysing transport in the former British colony.
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Mainland China showed a sequential improvement in same store sales in the fiscal first quarter as compared with the previous quarter, with a 12 percent decline in same stores sales of gem-set jewellery against a 24 percent drop previously, the jeweller said in a filing to the Hong Kong bourse.
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MILAN/LONDON (Reuters Breakingviews) - LVMH will need more than Hollywood stardust to extract value from its $15 billion bid for Tiffany & Co. Investors in the jeweller lauded by Audrey Hepburn in "Breakfast at Tiffany's" are hoping for a higher offer after Bernard Arnault's luxury conglomerate submitted a proposal worth $120 a share.
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Police made more than a dozen arrests, many pinned up on the pavement against the wall of luxury jeweller Tiffany & Co. "Our society has been pushed to the brink of a total breakdown," a police spokesman told a briefing, referring to the last two days of violence in the former British colony.
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The firing of the two executive directors, whom the federal police have accused of breaching central bank guidelines, is the first instance of sacking of the bank's employees since it said that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank.
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Last month M.K. Sharma, chairman of the $30 billion ICICI Bank, wondered aloud whether allegations of crony capitalism levelled against the bank's chief executive were being re-examined by regulators to distract from scandals that have plagued public-sector banks, including the revelation of a $2 billion fraud linked to billionaire diamond jeweller Nirav Modi (no relation to the premier).
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