Gem Diamonds Ltd swung to a profit in 2009 as confidence returned to the rough diamond market, and said it saw a further boost to rising prices due to a shortage of supply at the top end of the market.
The Italian fashion house Fendi won a court victory when a Manhattan federal judge ordered Filene's Basement to stop selling handbags and other goods bearing the Fendi name or trademark without permission.
Jewelry store operator Zale Corp is mulling whether to pay Citigroup Inc a $6 million penalty for low sales made through the credit cards it issues, or face the early end of an arrangement that finances about 40 percent of its U.S. sales.
Italian businessman Diego Della Valle increased his stake in Saks Inc with a series of stock purchases this week, strengthening his position as the second-largest investor in the U.S. upscale department store operator.
Karl Lagerfeld's latest Chanel catwalk featured gigantic ice floes, from which his models emerged enveloped in shaggy furs to keep out the Arctic cold and splashed through puddles of melted ice in knee high yeti boots.