Luxury lodging under pressure in Paris
Between now and 2012, four new luxury hotels are due to open their doors in Paris. Yet, with the French capital's already crowded luxury sector feeling the pinch of the global economic crisis, the industry is bracing for a bloodbath.
Million-dollar reward to find stolen jewels
Insurers Lloyds are offering a record million-dollar (700, 000 euro) reward for helping to find the whopping 85 million euro jewel theft from Harry Winston jewellers in Paris last week.
BMW sales plunge as crisis hits high-end
Bavarian luxury carmaker BMW saw their monthly sales drop 25.4% in November. Sales were down 1.8% to 1.3 million units in the first 11 months of the year, confirming the global downturn is also affecting the industry's premium segment.
Jewellery, a symbol of love
Be it a ring, necklace or armlet, a gift of jewellery has long been the traditional way to declare affection for another person. The work of some of the most famous Parisian jewellers of the last 500 years goes on display in Hong Kong in 2009.
Spectacular inauguration of a luxury hotel amid crisis
Just as Dubai begins to feel the pinch of the economic crisis, the emirate inaugurated a new luxury five star hotel built on an artificial island, with a star-studded "party of the decade", costing a whopping 20 million dollars.






