Post-Tariff Slump in US Imports of Swiss Watches
October 28, 25
Swiss watch exports to the US plunged by more than 55 per cent in September, in what the Federation of the Swiss Watch Industry Exports (FHS) described as a "huge correction". Foreign sales surged in the weeks before the US introduced a 39 per cent... Read More...
Angola Bidding for Majority Stake in De Beers
October 27, 25Angola is now bidding for overall control of De Beers, with a proposal to buy Anglo American's entire 85 per cent stake, according to Reuters, Bloomberg and other news sources. It's only a month since Diamantino Azevedo, Angola's minister of ... Read More...
Two Arrested over Crown Jewels Heist at Louvre
October 27, 25French police have arrested two suspects over $100m heist at the Louvre, in which eight items of the crown jewels were stolen. One man was detained late on Saturday (25 October) as he was about to board a flight to Algeria, according to Le Parisien, and... Read More...
US Could Cut India Tariffs from 50% to 15%
October 26, 25The US is reportedly considering a reduction in its tariffs on exports from India, if it agrees to limit its oil imports from Russia. Both sides are edging closer to a trade agreement that would cut the current 50 per cent tariff to 15 per cent or 16 per cent... Read More...
Napoleon's Diamond Brooch Leads Sotheby's Sale
October 26, 25Treasures that once belonged to Napoleon Bonaparte are to be offered for sale by Sotheby's Geneva on 12 November. Details of the auction were revealed on Friday (24 October), less than a week after the devastating raid on the Louvre, in which items... Read More...
Memo by John Jeffay
October 23History repeats itself. The dramatic heist at the Louvre last week was not the first time thieves broke into the museum's Apollo Gallery, smashed a display case and made off with a priceless royal treasure. It happened in December 1976. Raiders escaped with... Read More...