Connect with us

Published

on

Herms’ highly coveted Birkin handbag becomes even more coveted after it leaves the store — doubling in value in as little as five years, according to a luxury expert.

James Firestein, founder of luxury resale and authentication platform OpenLuxury, told Fortune that the steepest price increase he has ever witnessed when a Black Togo 30 Birkin doubled in value in five years.

For reference, the price of the Black Togo 30 widely varies on resale platforms due to the bag’s condition, type of hardware metals and the year it was purchased from Herms, going for anywhere from $30,500 for a “like new” bag on Sotheby’s to $10,925 on The RealReal or roughly $8,000 on eBay.

More commonly, however, it takes a decade for the price of a Birkin to surge two-fold.

“I know several instances where people have doubled their money based on buying it 10 years ago, and reselling it today in pristine condition,” Firestein said, per Fortune.

“The resale value of particularly the Birkin and Kelly bags over the past 10 years has outpaced gold, he added.

In 2020 alone, while when the luxury market ground to a halt during COVID, Birkin bags saw impressive returns of 38%, according to a report from Credit Suisse and Deloitte.

As a result, Firestein estimates that 25% of Birkin buyers keep the bag in storage as investments while the remaining 75% actually use the bags, Fortune reported.

Most shoppers look to the second-hand marketplace to buy Birkin bags, mostly because buying a luxurious piece of eye candy directly from Herms can be a time-consuming process that doesn’t guarantee customers get the exact style they want.

Herms allows stores and boutiques around the world to purchase a select number of Birkins per season, though the color and size of the bags are rarely known ahead of time, according to Sotheby’s.

And for aspiring Birkin owners who don’t already have an existing relationships with retailers, it can be even harder to ensure that a staffer will try and reserve the bag you want, Sotheby’s said.

As a result, Birkins, more often than not, sell for well beyond their $12,000 sticker price.

The pricing mostly comes down to scarcity principle, per Sotheby’s, which sold a Himalaya Birkin 30 encrusted with diamonds for $450,000, though the more common leather styles in fresh condition generally go for between $25,000 and $30,000, according to the auction house.

Herms has been accused of making it too difficult for the everyday shopper to acquire a Birkin of their own.

Two California plaintiffs alleged in a class-action lawsuit earlier this month that the French fashion house uses unfair business practices,” including requiring customers to buy other ancillary products such as shoes, scarves, belts, jewelry and home goods  before getting the opportunity to buy the coveted, chronically unavailable handbag.

Stay up on the very latest with Evening Update.

Please provide a valid email address.

By clicking above you agree to the Terms of Use and Privacy Policy.

Never miss a story.

To be allowed to purchase a Birkin, the suit claims, customers must have accrued a sufficient purchase history with the luxury brand.

Once achieved, customers who are deemed worthy are then offered a Birkin — which is allegedly not on public display but rather in a private room, the suit claims.

The unique desirability, incredible demand and low supply of Birkin handbags gives defendants incredible market power, attorneys wrote in their filing.

Continue Reading

Technology

Nvidia-mania took over Europe this week. Here’s what I learned from Jensen Huang

Published

on

By

Nvidia-mania took over Europe this week. Here's what I learned from Jensen Huang

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Emmanuel Macron, France’s president at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025.

Nathan Laine | Bloomberg | Getty Images

Nvidia boss Jensen Huang has been on a tour of Europe this week, bringing excitement and intrigue to everywhere he visited.

His message was clear — Nvidia is the company that can help Europe build its artificial intelligence infrastructure so the region can take control of its own destiny with the transformative technology.

I’ve been in London and Paris this week following Huang around as he met with U.K. Prime Minister Keir Starmer, French President Emmanuel Macron, journalists, fans, analysts and gave a keynote at Nvidia’s GTC event in the capital of France.

Here’s the what I saw and the key things I learned.

The draw of Huang is huge

Huang is truly the current rockstar of the tech world.

At London Tech Week, the lines were long and the auditorium packed to hear him speak.

The GTC event in Paris was full too. It was like going to a music concert or sporting event. There were GTC Paris T-shirts on the back of every chair and even a merchandise store.

Nvidia GTC in Paris on 11 June 2025

Arjun Kharpal

The aura of Huang really struck me when, after a question-and-answer session with him and a room full of attendees, most people lined up to take pictures or selfies with him.

Macron and Starmer both wanted to be seen on stage with him.

Nvidia positions itself as Europe’s AI hope

Nvidia’s key product is its graphics processing units (GPU) that are used to train and execute AI applications.

But Huang has positioned Nvidia as more than a chip company. During the week, he described Nvidia as an infrastructure firm. He also said AI should be seen as infrastructure like electricity.

His pitch to all countries was that Nvidia could be the company that will help countries build out that infrastructure.

“We believe that in order to compete, in order to build a meaningful ecosystem, Europe needs to come together and build capacity that is joint,” Huang said during a speech at the Viva Tech conference in Paris on Wednesday.

Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.

Gonzalo Fuentes | Reuters

One of the most significant partnerships announced this week is between French startup Mistral and Nvidia to build a so-called AI cloud using the latter’s GPUs.

Huang spoke a lot during the week about “sovereign AI” — the concept of building data centers within a country’s borders that services its population rather than relying on servers located overseas. Among European policymakers and companies, this has been an important topic.

Huang also heaped praise on the U.K., France and Europe more broadly when it came to their potential in the AI industry.

China still behind but catching up

On Thursday, Huang decided to do a tour of Nvidia’s booth and I managed to catch him to get a few words on CNBC’s “Squawk Box Europe.”

A key topic of that discussion was China. Nvidia has not been able to sell its most advanced chips to China because of U.S. export controls and even less sophisticated semiconductors are being blocked. In its last quarterly results, Nvidia took a $4.5 billion hit on unsold inventory.

I asked Huang about how China was progressing with AI chips, in particular referencing Huawei, the Chinese tech giant that is trying to make semiconductor products to rival Nvidia.

Huang said Huawei is a generation behind Nvidia. But because there is lots of energy in China, Huawei can just use more chips to get results.

Nvidia CEO: Huawei ‘has got China covered’ if the U.S. doesn’t participate

“If the United States doesn’t want to partake, participate in China, Huawei has got China covered, and Huawei has got everybody else covered,” Huang said.

In addition, Huang is concerned about the strategic importance of U.S. companies not having access to China.

“It’s even more important that the American technology stack is what AI developers around the world build on,” Huang said.

Just reading between the lines somewhat — Huang sees a world where Chinese AI tech advances. Some countries may decide to build their AI infrastructure with Chinese companies rather than American. That in turn could give Chinese companies a chance to be in the AI race.

Quantum, robotics and driverless is the future

Nvidia boss Jensen Huang delivers a speech on stage talking about robotics.

Arjun Kharpal | CNBC

During his keynote at GTC Paris on Wednesday, he also address quantum computing, saying the technology is reaching “an inflection point.”

Quantum computers are widely believed to be able to solve complex problems that classic computers can’t. This could include things like discovering new drugs or materials.

Continue Reading

World

Iran claims it has downed two Israeli jets – as it fires missiles in response to Friday’s attacks

Published

on

By

Iran claims it has downed two Israeli jets - as it fires missiles in response to Friday's attacks

Iran claims it has shot down two Israeli jets and that its response to Friday night’s attacks on nuclear and military infrastructure has begun.

The reports emerged as smoke was seen rising from Tel Aviv as Iran launched missiles at the Israeli city.

Air raid sirens had been heard across Tel Aviv and Jerusalem as the missiles neared Israel.

Footage has shown Israel’s Iron Dome air defence system – which uses radars to detect and intercept short-range rockets, missiles and drones – stopping Iranian missiles from striking the city.

However, video also suggests some missiles made it through. According to Israeli medics, a total of 34 people were taken to hospital in the Tel Aviv metropolitan area.

Please use Chrome browser for a more accessible video player

How Iran’s retaliatory attack unfolded

In a statement at around 1:50am on Saturday local time (11:50pm on Friday UK time), the Israel Defense Forces said: “In the past hour, dozens of missiles have been launched from Iran toward the State of Israel. Some of the missiles were intercepted.

“Search and Rescue forces are currently operating in a number of locations across the country in which reports of fallen projectiles were received.”

Meanwhile, the Iranian Army had earlier said in a statement that its “defence forces successfully hit and destroyed two F-35 fighter jets belonging to the zionist entity, in addition to a large number of small drones”.

“The fate of the two fighter pilots remains unknown and is being investigated,” the statement added.

Follow live: Israel-Iran conflict updates

Israeli Iron Dome air defence system fires to intercept missiles over Tel Aviv, Israel, Friday, June 13, 2025. (AP Photo/Leo Correa)
Image:
Israel’s Iron Dome air defence system fires to intercept missiles over Tel Aviv tonight. Pic: AP

Iran launches retaliatory strikes against Israel
Image:
Smoke rises in Tel Aviv after Iranian strike

The escalation in the region comes after Israel launched a huge attack on Iran on Friday, which it says was aimed at degrading the country’s nuclear ambitions and weakening its military.

Israel was able to target key facilities and kill top generals and scientists.

It said it airstrikes were necessary before its adversary got any closer to building an atomic weapon.

As Israel braced itself for a retaliation, the IRNA state news agency in Iran confirmed this evening that the country’s response had begun.

It came as a reporter with the Iranian Tasnim news agency said missiles had been fired from Shiraz and Isfahan in Iran towards Israel.

Read more:
How attacks could impact global economy
Who are the nuclear scientists killed by Israel?
Why did Israel attack Iran?
What are Iran’s military capabilities?

An explosion is seen during a missile attack in Tel Aviv, Israel, Friday, June 13, 2025. (AP Photo/Tomer Neuberg)
Image:
An explosion is seen during a missile attack in Tel Aviv tonight. Pic: AP Photo/Tomer Neuberg


Sky News correspondent Mark Stone, who used to be based in Jerusalem, has said Iran is trying to “overwhelm the Iron Dome defence system, which has to be manually reloaded again and again”.

He added: “[The Iron Dome] can be overwhelmed. We saw a number of instances in the videos a moment ago where it was clearly overwhelmed and some of those ballistic missiles hit targets in Tel Aviv.”

Three American officials have told Sky’s US partner network NBC News that the US military helped Israel down some Iranian missiles this evening.

Response workers in Tel Aviv. Pic: Magen David Adom
Image:
Response workers in Tel Aviv. Pic: Magen David Adom

The aftermath of the attack on Tel Aviv. Pic: Magen David Adom
Image:
The aftermath of the attack on Tel Aviv. Pic: Magen David Adom

As the barrage of missiles was fired at Israel, Iran’s supreme leader Ayatollah Ali Khamenei wrote on X: “The Zionist regime (Israel) will not remain unscathed from the consequences of its crime.

“The Iranian nation must be guaranteed that our response will not be half-measured,” he said, adding Iran will “inflict heavy blows” on Israel.

Mr Khamenei also said that Israel has initiated a war and that Tehran will not allow it to conduct “hit and run” attacks without grave consequences.

Please use Chrome browser for a more accessible video player

Smoke rises in Iran after Israeli strikes

It came before Israeli Prime Minister Benjamin Netanyahu called on Iranians to stand up to the regime in Tehran and help Israel “clear the path for you to achieve your freedom”.

In a video released during Iran’s missile attack on Israel, Mr Netanyahu said Israel had taken out a “large portion” of Iran’s ballistic missile arsenal and its “most significant enrichment facility”.

“More is on the way,” he added. “The regime does not know what hit them, or what will hit them. It has never been weaker. This is your opportunity to stand up and let your voices be heard.”

The Israeli military has told people they can now leave air raid shelters but must stay near them in case of further attacks.

The Israel Defence Forces issued instructions earlier this evening telling residents to stay in shelters and minimise movement in open areas.

UK Prime Minister Sir Keir Starmer and US President Donald Trump have agreed the mounting conflict between Iran and Israel should be resolved by “diplomacy and dialogue”.

Please use Chrome browser for a more accessible video player

Israeli ambassador: ‘We were expecting Iran’s retaliation’

The two leaders spoke on Friday evening, as western nations began a diplomatic flurry to calm the conflict between Israel and Iran.

Sir Keir earlier urged Mr Netanyahu to de-escalate and work towards a “diplomatic resolution”.

Meanwhile, Mr Trump urged Iran to quickly reach an agreement on curbing its nuclear program as Israel vowed to continue its bombardment of the country.

Mr Trump framed the volatile moment in the Middle East as a possible “second chance” for Iran’s leadership to avoid further destruction “before there is nothing left and save what was once known as the Iranian Empire.”

The US president had urged Mr Netanyahu not to attack Iran.

The two leaders had what was described as a heated 40-minute exchange by telephone last Monday.

Speaking just hours before the attack, Mr Trump said he feared such action would destroy US hopes of an agreement with Iran to curtail its nuclear programme.

Continue Reading

World

Who are some of the victims named following the Air India plane crash?

Published

on

By

Who are some of the victims named following the Air India plane crash?

Tributes have been paid to victims of the Air India plane crash, including a couple and their three children and a man returning home after scattering his wife’s ashes.

Flight 171 was carrying 242 people when it struck a medical college hostel less than a minute after taking off from Ahmedabad airport, in western India, bound for Gatwick on Thursday.

Among those on board were 169 Indian nationals, 53 Britons, seven Portuguese nationals and one Canadian, the airline said.

It has confirmed 241 of those on the Boeing 787 Dreamliner were killed in the crash, with just one survivor – a British man from Leicester. Twenty-nine people on the ground were also killed, taking the total number of victims to 270, officials have said.

Tributes to those who died in the worst aviation crash in a decade are now being shared.

Arjun Patoliya

The 37-year-old had been to India to fulfil his wife Bharti’s “final wish” to scatter her ashes in her hometown in Gujarat, after she died following a battle with cancer.

He was returning home to his young daughters in north London, according to a GoFundMe page set up for the girls.

It says: “In a span of just 18 days, two young sisters – only 4 and 8 years old – have lost both of their beloved parents.”

Dr Prateek Joshi and his family

The Joshi family smiling in a selfie before the plan took off. Pic: Supplied
Image:
The Joshi family smiling in a selfie before the plane took off. Pic: Supplied

Dr Joshi, a radiologist at the Royal Derby Hospital, was on the flight with his wife, Dr Komi Vyas, and their three children, Mirayal, Nakul and Pradyut.

In a post on Facebook, Derby Hindu Temple said: “We pray to Lord Shiva to grant eternal peace to the departed souls and to give strength to the bereaved family to bear this immense loss.”

Dr Joshi’s colleague Dr Rajeev Singh described him as “a wonderful man, friend, husband and father, and an exceptional radiologist who was highly respected in his field”.

“It is hard to accept that a man with such a passion for life, and his beautiful young family, have been taken in this way,” his statement continued.

“His passing has left a profound void, not only in his professional contributions but in the warmth and spirit that he gave to the world every day.”

Akeel Nanabawa, his wife Hannaa Vorajee and their four-year-old daughter

Akeel Nanabawa, his wife Hannaa and their four-year-old daughter Sara. Pic: PA
Image:
Akeel Nanabawa, his wife Hannaa and their four-year-old daughter Sara. Pic: PA

The family of three from Gloucester were “widely loved and deeply respected”, their family said in a statement issued through their imam.

Mr Nanabawa ran a recruitment firm and Ms Vorajee volunteered at a local Islamic school and was a director for an organisation promoting understanding of Islam, Imam Abdullah Samad said.

Their daughter, Sara Nanabawa, was four years old.

The imam, who is headteacher at the school Sara had just started attending, told Sky News: “She had a smile like the rays of the sun, she would light up the room.

“She was exactly what her parents would have wanted her to be. She took a lot of good qualities from her parents. Staff at the school are absolutely devastated.”

He said of her parents: “They were widely loved and deeply respected. His quiet generosity, her warmth and kindness, and their daughter’s bright, joyful spirit made a lasting impact on everyone who knew them.”

Mariam and Javed Ali Syed and their two children

Javed and Miriam Ali Syed. Pic: Facebook
Image:
Javed and Miriam Ali Syed. Pic: Facebook

The couple and their two children – five-year-old Zayn and four-year-old Amani – were returning from a holiday in India, Ms Ali Syed’s sister-in-law told the Telegraph.

The mother-of-two reportedly worked for Harrods for a decade while Mr Ali Syed is reported to have worked at a London hotel.

Speaking to the Telegraph, Yasmine Hassan said of the couple’s two children: “They are so small, they are five and four. And it’s just thinking how scared they must have been.”

Renjitha Gopakumaran Nair

Renjitha Gopakumaran Nair. Pic: Facebook.com/cbtwithjomcy
Image:
Renjitha Gopakumaran Nair. Pic: Facebook.com/cbtwithjomcy

The 40-year-old nurse and mother of two worked at Queen Alexandra Hospital in Portsmouth.

A Facebook page for nurses from India said she was originally from Thiruvalla, Kerala, and touched “countless lives with her care and compassion”.

Ajay Kumar Ramesh

Mr Ramesh was seated in a different row to his brother, Vishwash Kumar Ramesh, whose survival is being hailed as a miracle.

Please use Chrome browser for a more accessible video player

Indian PM meets lone survivor of crash

Speaking outside the family home in Leicester, Jay, a relative of the brothers, said Vishwash asked about Ajay when he contacted his father after the tragedy.

Jay said: “After the crash, he spoke to his dad worrying about his brother saying, ‘Where’s Ajay’?”

Raxa Modha, her daughter-in-law and infant grandson

Raxa Modha with her husband, who died from cancer. Pic: Facebook
Image:
Raxa Modha with her husband, who died from cancer. Pic: Facebook

A member of Raxa Modha’s family has told Sky News she was in India for a religious ceremony after the death of her husband two months ago.

She had travelled with her daughter-in-law Yasha and infant grandson Rudra.

All three of them were from Wellingborough, Northamptonshire.

Please use Chrome browser for a more accessible video player

What could have caused the India plane crash?

Read more:
What we know so far
Aviation experts review crash video
Sole survivor recounts deadly crash

Sisters Heer and Dhir Baxi

Heer (left) and Dhir Baxi, with their grandmother. Pic: Family handout/PA
Image:
Heer (left) and Dhir Baxi, with their grandmother. Pic: Family handout/PA

The siblings, both in their early twenties, were returning home to London after surprising their grandmother for her birthday.

Their cousin Ishan Baxi, who lives in Ahmedabad, said both women had an “amazing aura” and wanted to “roam the world”.

He said: “I am unable to control my tears even now also just because I was close to them, you just imagine what emotions parents are going through right now and think about guilt the grandma would feel right now.

“I just want God to bless those souls, all dreams, promises, aspirations vanished in seconds.”

Follow The World
Follow The World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

Fiongal and Jamie Greenlaw-Meek

Fiongal and Jamie Greenlaw-Meek. Pic: Instagram
Image:
Fiongal and Jamie Greenlaw-Meek. Pic: Instagram

The couple, who ran a spiritual wellness centre in Ramsgate, Kent, filmed themselves laughing and joking at the airport just moments before boarding the plane.

The former editor of This Morning has paid tribute to Fiongal, who appeared on the show earlier this year, and his partner.

Martin Frizell said on Instagram: “I remember his visit to the studio in January, he was passionate about auras and although I’m a sceptical sort, his vibrancy and sheer enthusiasm won folk over.”

Adam and Hasina Taju, and Altafhusen Patel

Adam Taju, 72, and his wife Hasina, 70, were flying with their son-in-law Altafhusen, the couple’s granddaughter told the BBC.

Continue Reading

Trending