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Piper officially launches Luxury, Direct-to-Consumer, Jewelry Brand taking on High Margin Industry

indie
3 minutes

NEW YORK, Dec 5, 2022 - (ACN Newswire via SEAPRWire.com) - Piper Jewels (http://www.piperjewels.com), the direct-to-consumer fine jewelry company, formally announces its launch. The company's goal is to challenge the $20+ billion U.S luxury jewelry market with its compelling direct-to-consumer offering. The founders of the company bring decades of fine jewelry design and manufacturing experience to the discriminating consumer who is looking for upscale jewelry design at an accessible price.Piper has tapped into the efficiencies of e-commerce to bring the highest level of fine jewelry at a fraction of the price of high-fashion houses. They offer a full line of fashion jewelry with a primary focus on fine engagement and wedding jewelry. All pieces are made with the highest quality craftsmanship from ethically sourced materials.According to Founder and CEO, Steven Messler, "We saw a major opportunity to provide the service, precision, and product level of a Cartier or Tiffany's, without the markups associated with those brands. Piper's vision is to provide the absolute best in design, product, and service at an affordable price. Until now, no online jewelry brand has done this."All as...

SeaPRwire

Asian central banks build US dollar war chests as they gird for Fed

elean
4 minutes

MANILA (BLOOMBERG) - Asia's emerging economies have accumulated their highest level of foreign-exchange reserves since 2014, offering a powerful buffer against market volatility if the US Federal Reserve changes course. Central bank holdings of foreign currencies in the region's fast-growing emerging economies hit US$5.82 trillion (S$7.72 trillion) as of May, their highest since August 2014. When China's cash pile is stripped out, emerging Asian central banks' reserves stood at an all-time high of US$2.6 trillion. While some of the gains reflect US dollar weakness and bumper exports, policy makers are deliberately preparing their defences, said Nicholas Mapa, an economist with ING Groep in Manila. "Emerging economies are definitely learning from the past by war-chesting," Mr Mapa said. "They're all the more aware of the eventual reversal in monetary policy stance of developed market central banks and the potential repercussions that may arise from a Fed taper or eventual rate hike." While the Fed is expected to maintain a dovish outlook when it meets this week, economists say the accelerating US recovery means the bank will need to signal a policy turn sooner than anticipated. Cent...