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.

A U.N. conference rejected trade restrictions on red and pink corals used in jewelry in what environmentalists called a new setback for endangered marine species.

India's gold futures may trade lower this week tracking weak overseas prices and on the back of a rate hike in India last week.

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.

A European sporting goods industry body said it had started legal action against the European Union over its decision to extend anti-dumping duties on shoes imported from China and Vietnam.

Some of Europe's top luxury stocks may have doubled in value from their March 2009 nadir but their ascent should continue, boosted by upgraded earnings forecasts, a Julius Baer fund manager said.

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.

German fashion house Hugo Boss is not recalling any clothes in China after a Chinese province said it had seized some imported top-end clothing carrying labels of well-known luxury brands.

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.

Shoe Carnival Inc reported a quarterly profit that beat analysts' estimates, mainly on strong demand at its boots and athletic footwear business, and forecast a strong first quarter.

Jewellery House Ltd plans to raise 3.28 billion rupees from its initial public offering of 14.26 million shares.

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.

Madonna has teamed up with Italian fashion house Dolce & Gabbana to design a collection of sunglasses. The first six styles of the pop diva's MDG line will be launched in May, the fashion house said.

Italian fashion house Prada dismissed allegations by its former top retail manager in Japan that it had harassed her and asked her to fire "old, fat and ugly" managers.

Bulgari chief executive Francesco Trapani forecast rising sales in 2010 as luxury spending picks up helped by product launches, after the Italian jeweller posted its first full-year loss in 26 years.