China's gold demand is expected to double over the next decade due to jewellery consumption and investment needs, the World Gold Council (WGC) said in its first report on the world's fastest growing consumer of the metal.
Israel will allow a shipment of clothes and shoes to be delivered to Palestinians in the Gaza Strip for the first time in its almost three-year-old tight blockade of the enclave, Palestinian officials said.
Demand for Indian couture has surged in the Middle East and East Asia in the last five years but the West remains out of bounds due to lack of exposure, designers and buyers said at India's largest fashion event.
Tiffany & Co aims to increase its store count by as much as 8 percent per year for the "foreseeable future," and the upscale jeweler's operating margins could again hit all-time highs reached in 2007, Chief Executive Michael Kowalski said.
Top diamond producer De Beers had a strong first quarter, but remains cautious about further recovery after wrapping up a refinancing and $1 billion (665 million pound) rights issue that slashed net debt by one third.