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Day’s wrap: Mercedes-Benz, Aston Martin, Bentley, Lightbox and US stocks

October 30, 2020

Heinz Mayer is Bentley's jewelry partner. Image credit: Bentley Jewelry


Luxury Daily’s live news for Oct. 30:

Mercedes-Benz, Aston Martin expand technology partnership
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton is ready to tie the knot with U.S. jeweler Tiffany & Co., after the two companies agreed to change the price of the acquisition.

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Bentley brightens up jewelry offerings with colored gemstone collection
British automaker Bentley Motor is adding rare gemstones to its jewelry collection lineup.

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Lightbox becomes first lab-grown diamond brand on Blue Nile
De Beers’ lab-grown diamond brand Lightbox is opening a new manufacturing facility, as it enters into a new partnership with an ecommerce player.

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Wall Street sees worst week since March as second wave of lockdowns continues
The stock market ended October on a downswing, suffering its worst week since March amid growing coronavirus cases and political uncertainty.

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LVMH’s revised deal for Tiffany & Co. may hint at luxury recovery
French luxury conglomerate LVMH’s updated deal to buy Tiffany & Co. at the reduced price of $15.8 billion is being met with enthusiasm as industry experts say it suggests CEO Bernard Arnault is seeing tepid signs of recovery in the wider luxury market.

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