Shilpa Dhamija

Manish Malhotra is expanding his luxury portfolio with fine jewelry, partnering exclusively with Tata Cliq Luxury for online sales in India.

The global luxury industry is expected to recover in 2026 after a prolonged slowdown, according to the ‘State of Fashion 2026’ report by McKinsey.

A key market for Swiss gold, India will likely reduce its global gold imports this year, after the country’s prime minister urged citizens to pause gold purchases.

Estée Lauder is set to acquire Forest Essentials, an Indian prestige Ayurvedic beauty and skincare brand to strengthen its presence in India’s fast emerging prestige and luxury beauty market.

India and the EU have concluded negotiations on a long-awaited Free Trade Agreement (FTA). The deal reduces import duties on key luxury items for both parties, ranging from high-end cars to jewellery.

China’s gold jewellery market stands at about $112 billion. In a market this big, where consumers are already well stocked, what will trigger the next phase of growth? Jewellers in China are betting on innovative manufacturing technologies.

Europe’s ultra-high-net-wealth population rose by 14.5% last year. However, this growth is expected to slow down in the coming years to 5.6% per year on average until 2030, according to a wealth report by Altrata.

India has reduced import duties on Swiss watches from 22% to about 15%, under a special trade agreement. Industry leaders in both Switzerland and India reveal how this may impact the growth of the Swiss watch market in India.

China has overtaken the U.S. as home to the world’s largest billionaire population. Despite slow economic growth and the persisting real-estate downturn, China added 287 billionaires in the last one year, bringing its count to 1110. In comparison, the U.S. added only 130 new billionaires, reaching a total of 1,000, according to a wealth report by Hurun research firm.

Gold’s record rally ($5,080 per ounce on January 26, 2026) is softening jewellery sales in top markets – India and China. As consumers prioritise investment over adornment, how are local jewellers pivoting to keep shoppers engaged?

Porsche and India’s Tata Consultancy Services (TCS) have signed a five-year strategic partnership to implement AI services for Porsche, across its value chain. The deal with the Indian IT company is valued at approx $1.4 billion. TCS will also acquire Management- und IT-Beratung GmbH (MHP), which is Porsche’s Germany-based management and IT consulting subsidiary for $373 million.

For the first time, Hong Kong has narrowly overtaken Switzerland as the world’s largest cross-border wealth hub. Looking ahead, Hong Kong is projected to maintain its lead.

The Trump organisation has announced its first luxury project in Australia worth about $1.06 billion (AU$1.5 billion)

China’s personal luxury goods market is poised to improve in 2026, building on encouraging momentum from late 2025. According to a report by Bain & Co., uneven category performances and rising appeal of local brands will shape this recovery.

L’Oréal is set to build its first ever beauty tech hub in India with an initial investment of approximately €326 million and will serve as the French beauty giant’s global flagship base for AI-driven beauty innovations. It is expected to be inaugurated later this year in Hyderabad, the capital city of Telangana state in south India.