Cartier flagship store in New York on Fifth Avenue, 653 is scheduled to open on September 7 after two years of reconstruction, according to Gem Konnect. Repair work began in March 2014, and temporarily settled Cartier store on Fifth Avenue, 767
religious buildings on Fifth Avenue, this 653 mansion, which was designed and built in 1904 and was a private residence until 1917, when Per Karte, son founder of the brand, bought it in exchange for a pearl necklace valued at $ 1 million. Now Cartier reproduced the necklace and will put it at the store.
At the grand opening of the store will be attended by celebrities, including Sofia Coppola, Keti Holms, Runi Mara, Uma Thurman and Catherine Zeta-Jones.
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China April 19 launched denominated in RMB fixing for gold. It was part of an ambitious Chinese plan to obtain more control over the pricing of gold and increase its influence on the world market of the metal, according to Reuters.
The reference price for gold in China will be established on the contracts for the supply of gold weighing 1 kg. Trade will be carried out 18 of the fixing system of the members of the Shanghai Gold Exchange (SGE), which will be the main mediator in operations. Buyers set the reference price of gold at 256.92 yuan ($ 39.69) per 1 gram of gold.
"The reference price of gold in Shanghai will provide a fair and traded in RMB gold fixing ... helping to improve the mechanism for determining the value of gold in RMB and contributing to the output of Chinese gold market to the world stage," - said Ban Gonshen (Pan Gongsheng), deputy chairman of the People's Bank of China.
Fixing will be made on the basis of the gold price in RMB per 1 gram twice daily on the basis of a few minutes of trading in each session.
Gold fixing in yuan will complement the pricing mechanisms for gold in London and New York, according to the World Gold Council (World Gold Council, WGC). Thus, the new system will be the basis for fixing multiaxial gold market, which consists of stock exchanges in London, New York and Shanghai.
According to Aram Shishmanyan (Aram Shishmanian), president of the WGC, this may also indicate a shift in demand for gold from West to East. As the market expands to reflect the growing interest in gold from Chinese consumers, China's influence in the global gold market will also grow, he adds.
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