luxury goods

The London-based diamond retailer mandates Credit Suisse, Deutsche Bank, Goldman Sachs and Morgan Stanley to help with a planned listing in Hong Kong next year, sources say.

Luxury goods makers such as Hermes and Bulgari report continued strong demand in China, despite grim economic conditions elsewhere.

Sales in Asia-Pacific drive strong results for Tiffany & Company, but the jeweller says the earthquake and tsunami will cause first-quarter sales in Japan to drop 15%.

The US designer of luxury handbags buys control of its distribution in Hong Kong, Macau and China as it seeks to mirror the success it has had in wooing Japanese consumers.