Maria Buccellati paid just shy of $3 million for the Palm Island house.
Retail sale rose in June, but clothing stores and department stores lost out.
Luxury jewelry companies could benefit from a cut in levies by the Chinese government at the beginning of the month.
Sterling’s journey since the shock Brexit decision is impacting high-end retailers in the U.K.
Economists predict an escalating trade war will push prices up further, squeezing shoppers.
The fashion industry has been targeted in a government list of $200 billion worth of Chinese imports set for 10 percent levies.
Clothing and accessories stores added jobs in June, but department stores shed them.
You’ll just need 10 million euros to buy it.
The Bank of England kept interest rates unchanged at 0.5 percent.
This is twice as much as Vietnam, which was in second place with $12 billion.