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November 22, 2024
 

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JEWELRY

Two women, suspected of being members of the Pink Panda gang, have been arrested over allegations relating to the theft of pearl pendants from an international jewelry exhibition at the Tokyo Big Sight convention center in January.
JAPAN / Crime & Legal
Aug 28, 2024
Possible 'Pink Panda' gang members arrested in Japan
The two women are alleged to have stolen six pearl pendants valued at a total of ¥1,865,000 at a jewelry exhibition in Tokyo.
A man walks past a store of luxury brand Burberry at a shopping mall in Beijing in 2021.
BUSINESS / Markets
Jul 17, 2024
Luxury brands feel the sting as Chinese growth slows
China accounted for 16% of $393.8 billion of global luxury spending last year, but the economy grew slower than expected in the last quarter.
Foreign tourists take pictures in Tokyo's Asakusa district in November.
BUSINESS
Dec 20, 2023
Japan’s post-pandemic tourists shift spending to crafts and jewelry
Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023
Exclusivity the name of the game as firms target China's wealthiest
Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023
MBK Partners to sell jewelry brand Tasaki for over $500 million
Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
The Cards series of aluminum statement earrings, designed by Kanako Matsuo and manufactured by Marushin Industrial Co. Ltd’s in-house brand Alart, each comprise five pieces that can be hung on loops in any combination.
LIFE / Style & Design
Jul 22, 2023
Summer is the season of playful design debuts
June's Interior Lifestyle Tokyo international trade fair was filled with objects designed to spark a little joy in life.
Japan Times
BUSINESS
Sep 17, 2022
Russia’s secret gem sales are dividing the diamond world
Many in the industry refuse to deal in Russian gems following the invasion of Ukraine and after mining giant Alrosa was hit with U.S. sanctions.
Japan Times
BUSINESS / Economy
Aug 19, 2021
Japan appears poised to join the laboratory-made diamond party
Sold for around half the price of a similar natural gem, diamonds grown in labs are made inside a microwave chamber, superheated into a glowing plasma ball that crystallizes over weeks.
Japan Times
CULTURE / Art
Nov 29, 2020
Fighting coronavirus in luxurious style with ¥1 million masks
One Japanese firm is selling masks embellished with a 0.7 carat diamond and more than 300 pieces of Swarovski crystal.
Japan Times
BUSINESS
Feb 21, 2020
L Brands to sell majority stake in Victoria's Secret; CEO to step down
L Brands Inc. said Thursday it will sell a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion (¥123 billion), as it focuses on its core Bath & Body Works brand.
Japan Times
WORLD / Crime & Legal
Dec 17, 2019
Burglars nab jewelry worth $64 million from British model Tamara Ecclestone
Tamara Ecclestone, the daughter of former Formula One boss Bernie Ecclestone, has had an estimated £50 million ($64 million) worth of jewelry stolen in an audacious raid from her west London home.
Japan Times
BUSINESS
Nov 25, 2019
France's LVMH close to $16.3 billion deal to buy Tiffany after sweetening offer: sources
LVMH is close to buying U.S. jewelry chain Tiffany & Co. for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market.
Japan Times
WORLD
Apr 26, 2019
Largest uncut diamond in recent history found in Botswana mine
Lucara Diamond Corp. has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years.
BUSINESS / Companies
Feb 15, 2019
IPO of Japanese jewelry retailer Primo weighed by its owner
Longreach Group, the buyout firm founded by former UBS Group AG investment banker Mark Chiba, is considering an initial public offering of its jewelry business Primo Japan Inc., people familiar with the matter said.
Japan Times
COMMUNITY / Our Lives / 20 QUESTIONS
Jan 26, 2019
Maho Kato: Living life by nature's design
Drawing from nature and past experiences, jewerly maker Maho Kato says don't fear failure to live life to the fullest.
Japan Times
BUSINESS / Tech
Apr 27, 2018
IBM ties up with Asahi Refining and others on blockchain tech to track jewels from mine to store
IBM Corp., a group of four gold and diamond industry companies, and an independent laboratory are developing a blockchain network for tracing the provenance of finished pieces of jewelry from mine to store.
Japan Times
BUSINESS
Feb 23, 2018
How an Indian bank's $1.8 billion fraud went unnoticed
The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical center of one of the world's fastest-growing major economies.
Japan Times
LIFE / Style & Design / ON: DESIGN
Jul 2, 2017
'Most wanted' in Japanese design
The Interior Lifestyle Tokyo trade fair, an annual event held in June at Tokyo Big Sight, always showcases an impressive number of Japanese participants. This year, On Design picks its favorites from the fair's 'Wanted' special exhibition of designers looking for collaborators or overseas distributors.
Japan Times
LIFE / Style & Design / ON: DESIGN
Feb 4, 2017
Put the pedal to the metal for Valentine's Day
If you haven't sorted out your loved one's special gift yet, On: Design this month has mined a few new ideas from Japan's metalworking industry.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia launched intercontinental ballistic missile during attack on Ukraine, Kyiv says
A Yars intercontinental ballistic missile is launched during a test from the Plesetsk cosmodrome in Northern Arkhangelsk region of Russia, in this still image captured from video released on Oct. 29.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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