Consumers are increasingly moving away from "soft luxury" items like handbags and accessories. Even iconic bags are starting to lose some of their resale momentum. The average resale premium for Hermes Birkin and Kelly bags fell from about 2.2% times retail in 2022 to around 1.4% times by late last year.At the same time, there's been a trend toward "hard luxury" purchases like watches and fine jewelry. Part of the reason the jewelry market has been more resilient is because these high end pieces contain pre ...

Mr. . Hush buddy. [cheering] [applause] Hello everyone.[applause] Today, one out of every $5 spent in this world in retail is done through online. The global retail sales is at roughly $32 trillion out of which close to $7 trillion moves through the screens and not at the store. My recent experience while I was visiting US to a friend, he came to pick me up as I landed and while we were driving back, he tells me he bought this brand new Tesla in which he was driving me back home.He bought it through his pho ...

60 Minutes rewind. >> The largest, most successful gang of diamond thieves in the world is credited with over 370 heists worth $500 million, and it's getting bigger and more daring every year. The gang is composed of networks of teams who work together in Europe mostly, but they've done jobs in 35 countries as far a field as Tokyo and Dubai.They are ex Yugoslavs. Many fought in the Serbian special forces during the Bosnian wars. They are called the Pink Panthers, and that's not a joke. They got their name f ...

“A diamond’s a billion years old.”On this week’s “Money Talks”, @paulzimnisky on what natural stones have going for them https://t.co/k6ae2MDT7D ...