Return of big spenders, Issa’s Royal moment, Facebook commerce, Prada profits triple, Bruce Weber looks back

Jean Schlumberger Leaf ring | Source: Tiffany & Co.

Big spenders returning to the luxury fold (Globe and Mail)
“In the depth of the recession, Tiffany & Co. struggled to sell $3,200 diamond earrings and $12,000 bangles, while it fared better with $100 silver necklaces. Today, the situation is reversed, as the high-end retailer grapples with softer sales of jewellery under $500.”

Is Issa in Line for Throne? (NY Times)
“The label is ‘truly the Diane Von Furstenberg of the Sloaney set… something a well-bred and not terribly adventurous woman can reliably wear to polo matches or garden parties (or a really big press conference).’”

Should luxury brands explore Facebook as a retail channel? (Luxury Daily)
“Luxury brands have started to explore Facebook’s viability as a retail channel as the social network continues to position itself as the one stop shop for communications, networking and marketing on the Internet.”

Prada Nine-Month Net Triples (Bloomberg)
“Prada… said nine-month profit “tripled” as shoppers in Asia spent more on its products. Net income rose to 156 million euros ($208.2 million)… Revenue increased 31 percent to 1.39 billion euros. Sales grew in all markets.”

A Chronicler of Fashion Turns to the Heart (NY Times)
‘If you photograph a woman in a dress… it raises the question, ‘What are you saying about that woman?’ It sends a message. If you’re any kind of photographer, you are an activist.’