Luxury News

Up and down could best describe the latest news from the high-end luxury markets. A record price for a single cut diamond was reached at Christies this week – $24.3 million – for an historic blue diamond that was first owned by King Philip IV of Spain. Ouch !

Diamond sold in London for record price.

4 high end property developers in London went broke this week:

Pettifer Construction
York House Construction
Linpave
Robin Ellis Group

It appears you are only worth bailing out if you get "too big to let go."  Building.co.uk

Let that be a lesson to all you budding entrepreneurs out there

Singaporean car importer, Auto palace, thinks there is no such thing  as a recession and has taken on a new dealership, from Spyker a Dutch supercar maker.

Now that is a car !

The World's highest hotel opened this week in Shanghai. The Park Hyatt Shanghai. No recession in the Chinese markets either by the look of things….