By and  on March 10, 2013

TOKYO — Harry Winston and Tiffany & Co. confirmed Wednesday that they are raising prices in Japan this spring to offset a weakening yen.

That news comes just a few weeks after Louis Vuitton said it was hiking up its retail prices in Japan by an average of 12 percent to compensate for exchange rates. In January, LVMH Moët Hennessy Louis Vuitton chairman and chief executive officer Bernard Arnault warned that currency fluctuations would force the company to lift its prices in Japan.

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