HONG KONG, China — Shares in Hong Kong's Chow Tai Fook Jewellery Group Ltd jumped as much as 15 percent on Wednesday after the world's largest jewellery retailer by market value reported strong revenue growth due to plummeting gold prices.
LONDON, United Kingdom — While the luxury industry entered 2012 with an overall outlook that remain uncertain, the sector remained resilient. Big news The Savigny Luxury Index (SLI) lost 2.6 percent in December, whilst the general market index MSCI gained 3 percent over the period. The cause for this divergence was a temporary sell-off in luxury stocks in mid-December. Two factors contributed to this: the Italian sovereign debt