German fashion house Escada, now grappling with a restructuring to avert insolvency, said it would offer shareholders one new share for every two they now own, under a planned 29 million euro ($41.06 million) capital increase.
Hundreds of luxury jewelers defied the downturn and partied late into the night on Thursday 16 July in glitzy Park Lane at the 2009 UK Jewelry Awards in which avant-garde designer Shaun Leane won a top accolade.
"Baba Bling: The Peranakans & Their Jewellery" showcases the unique hybrid culture of the Peranakans, little known outside Southeast Asia, through more than 300 pieces of gold, diamond and even simple metal jewelry.
The jeweller Damiani has opened its first own-name boutique in London at number 11 on the celebrated Old Bond Street. Number two in its country, behind Bulgari, the Italian brand is now taking a step forward in its retail strategy.
African miners Randgold Resources Ltd and AngloGold Ashanti teamed up to make a counterbid worth C$546 million ($488 million) for Moto Goldmines, which owns a project in the Democratic Republic of Congo.
Gem Diamonds Ltd said first-half sales from its South African and Australian mines were lower due to strong currencies, and that it remained cautious about demand in the United States, but its cash position was strong with no debt.