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The Latest Breaking News on Luxury

Moment superyacht sinks off Italian coast as coastguard rushes to save passengers

The superyacht - which flew the Cayman Islands flag and was called the My Saga - was floating around nine miles off the coast of the Italian city Catanzara when it started taking water in the early hours of Saturday morning

Daily Mirror

Dramatic video shows 130ft superyacht sinking off Italy coast after being battered in storm

Nine people rescued before boat went under

The Independent UK

Shipwrecks and reality checks: the films setting out to skewer the rich

Wealth, corruption and immorality are under intense scrutiny in a clutch of films being released this autumn

The Guardian - UK

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Dramatic video shows superyacht sinking off Italian coast

Nine people are said to have been rescued from a superyacht that capsized off the coast of Italy

Evening Standard

Edinburgh Royal Yacht Britannia tourist left 'very upset' after being 'shoved' out of room

The Royal Yacht Britannia is considered one of the capital's very best tourist attractions but one recent visitor had their trip ruined by another family in one of the bedrooms.

Edinburgh Live

Man pulled from Lake Michigan’s ‘Playpen’ in Chicago Saturday afternoon is identified

CHICAGO — A recreational boater in the Playpen spotted a man’s body floating in Lake Michigan as the Chicago Air and Water Show wrapped up Saturday, Chicago police said.

Chicago Tribune

New claims against ex Miami congressman hired by Venezuela

New filings in a civil suit allege that a former Miami congressman who signed a $50 million consulting contract with Venezuela’s socialist government not only did no apparent work, but also channeled a large chunk of the money to a yacht company on behalf of a fugitive billionaire

The Independent UK

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Russian super yacht, worth £63m, to be auctioned after being seized

JP Morgan likely to take spoils after flagging a £17m loan had not been repaid

Evening Standard

Seized Russian superyacht to be sold at first auction of Ukraine war

Potential buyers eye ‘opportunity for a real bargain’ over vessel seized from ‘major oligarch’

The Independent UK

Meet the Chennai family restoring heritage watches since 1958

The Connoisseur Collection family has been the guardian of innumerable timepieces in Chennai for the past 64 years. This Madras Week, they share a few memories.

The Hindu

Gibraltar prepares for first auction of a Russian oligarch’s detained superyacht

Proceeds of the sale of the Axioma, valued at £65m, will benefit JP Morgan rather than the Ukrainian people

The Guardian - UK

Maharashtra ATS files FIR in case related to yacht laden with AK-47 rifles

A 16-metre-long vessel with three AK-47 rifles on board was found off the coast in Raigad on Thursday morning

The Hindu

Kerry Katona defends new Rolex watch purchase from 'tone deaf' comments

The star said she was "super proud" of the birthday gift to herself

Liverpool Echo

Hermès bags and Picassos: business booms for Britain’s posh pawnbrokers

Upmarket shops are funding summer spending sprees, while at the other end of the market families pawn valuables to get by

The Guardian - UK

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The Hindu

Bulgari’s flat world comes to Chennai

The Italian luxury brand makes a stop as it takes its ultra-thin Octo Finissimo watches to key Indian cities

The Independent UK

New sustainable ferry from Dover to Boulogne to launch, taking just 12 passengers at a time

Company mission is ‘to provide a sustainable means of transport where there is currently none’

Chicago Sun-Times

As authorities investigate ‘Playpen’ boating accident, it’s unclear whether any new safety rules will result

“Anytime something like this happens, we go through a process looking at safety measures in the investigation,” said Coast Guard Lt. Rachel Ault.

The Independent UK

Pastor goes viral for calling congregation ‘broke, busted, and disgusted’ for failing to buy him a new watch

The pastor apologised for the ‘anger, hate and resentment’ in the clip

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Manchester Evening News

Man jailed for stealing two watches worth £21,000 from pawnbrokers

Johari Nazir Carter, also known as Graham Bagasan, was jailed for stealing Cartier and Rolex watches from pawnbrokers

Chicago Tribune

Woman faces double leg amputation after Chicago ‘Playpen’ boat accident

CHICAGO — Lana Batochir had been floating on an inflatable raft, enjoying the warm weather at Chicago’s swimmer-filled, party-friendly “Playpen.” Then a 37-foot yacht suddenly reversed, sucking her under.

Evening Standard

New home on New Bond Street for Watches of Switzerland as sales defy cost-of-living crisis

Main West End Rolex Boutique is moving into bigger premises in New Bond Street

Daily Mirror

Antiques Roadshow guest floored by value of Rolex- but narrowly misses out on thousands

Fiona Bruce and the BBC show's experts returned to Bishop’s Palace in Wells, Somerset, for the third time in Antiques Roadshow’s history

The Independent UK

Former presidential yacht to be restored at Maine shipyard

A Maine shipyard is preparing for a painstaking stem-to-stern restoration of a floating piece of presidential history

Daily Mirror

Tycoon's £20 million superyacht bursts into flames just a month after being delivered

Nine passengers and seven crew were rescued from the Aria SF, recently bought by an Italian tycoon, but its gym and swimming pool are now unusable after the blaze

The Guardian - UK

New £20m superyacht destroyed by fire weeks after delivery to owner

Crew and passengers escape after Aria SF catches fire while anchored off Spanish island of Formentera

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