High gold prices are leading to luxury watches like Omega Constellation being melted down, as their metal value now exceeds their resale worth. This trend primarily affects contemporary pre-owned and older vintage watches that are not yet collectible, while high-demand brands like Rolex and Patek Philippe remain less affected.
Former SNP chief executive Peter Murrell admitted embezzling party funds to finance personal purchases. His ex-wife, Nicola Sturgeon, denies knowledge of the crimes, but the scandal impacts her reputation.
A home in the upscale Shouson Hill area in Hong Kong’s Southern district has been burgled, with luxury watches and foreign currency worth more than HK$1.1 million (US$140,400) stolen. Police are looking into whether the burglars scaled the wall of a vacant neighbouring detached house at Orchid Hill to enter 26 Shouson Hill Road in Deep Water Bay, the South China Morning Post learned. The force responded to a call from a domestic helper at 10.11am on Saturday, after she discovered signs of forced...
