Goenka Diamond & Jewels Ltd said it plans to raise up to 1.45 billion rupees through an initial public offering and has set a price band between 135-145 rupees per equity share for its 10 million share IPO.
Swatch Group, the world's largest watchmaker, is aiming for full-year sales of more than 6 billion Swiss francs after seeing a 30 percent sales jump in January and February, its chairman said in an interview.
Italian businessman Diego Della Valle continued his shopping spree at Saks Inc in recent days, buying millions of new shares on top of recent stock purchases and nearly doubling his stake in the luxury U.S. department store chain since early March.
Demand for Swiss watches jumped in February as consumers in Asia and North America splurged on timepieces, data showed, adding to evidence that the industry is bouncing back from a steep slump during the financial crisis.
Chinese jewelry maker Fuqi International Inc said it has identified some accounting errors having an impact on its results for first three quarters of 2009, and forecast a fourth-quarter profit below Wall Street estimates.