Soaring Gold Prices Pose a New Challenge for Tiffany-Owner LVMH The luxury goods industry is no stranger to challenges, from shifting consumer preferences to economic uncertainties. However, the recent surge in gold prices has added a new headache for players in this exclusive market, including the renowned Tiffany-owner LVMH. Tariffs, a weaker dollar, and the […]
Rolex Hikes Watch Prices by as Much as 8% After Gold Surges
Rolex SA, the world’s preeminent luxury Swiss watch brand, has implemented substantial price increases on selected models due to a notable rise in gold prices. As of January 1, 2025, the Geneva-based manufacturer has raised prices by up to 8 percent on various models, particularly those constructed from precious metals. This strategic decision aligns with […]