China’s Gen Z is ‘group-buying’ Tiffany jewelry
Group luxury buying craze leaves houses like Tiffany and Van Cleef & Arpels scrambling to balance social media buzz with brand equity protection.
Young Chinese consumers are embracing a viral “shared luxury” trend, pooling funds online to purchase Tiffany & Co. jewelry and splitting signature pieces like this heart tag bracelet. The movement has catapulted sales and visibility but raises questions about brand exclusivity. Image: Tiffany & Co.
Young Chinese consumers are embracing a viral “shared luxury” trend, pooling funds online to purchase Tiffany & Co. jewelry and splitting signature pieces like this heart tag bracelet. The movement has catapulted sales and visibility but raises questions about brand exclusivity. Image: Tiffany & Co.