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China Wants Fewer Burberry and BV Handbags, More Chanel and Hermès
A recent survey by investment bank RBC Europe found that market leaders Chanel, Gucci, Hermès, and Prada are even more desirable among Chinese luxury consumers, extending their lead on other brands. Read More
Eternity or Identity? What Diamonds Mean to Chinese Millennials
Changing social and economic factors are changing Chinese millennials’ attitudes to diamonds, as evidenced by De Beers’ brand ambassador “Mr.” Fan Bingbing. Read More
Jeweler Chow Tai Fook Defies Fears Of China Luxury Slowdown
Though international jewelers such as Graff Diamonds are becoming increasingly skittish about their China expansion plans, the latest revenue stats from the Hong Kong-based high-end brand Chow Tai Fook indicate that China demand remains strong for gold and jade. Read More
Falling Behind Competitors In China, De Beers Expands
With China, India and the Middle East poised to collectively take over the US in diamond purchases by 2015, major diamond miners and jewelers have continued to invest heavily in marketing and expansion, with China becoming a particular point of focus in recent years. Read More
China Retail Briefs: Macy’s + VIPStore; Taobao Luxury Sales; Middle-Class Diamond Demand
A roundup of recent news from China's retail sector, from Macy's investing $15 million in Chinese online retailer VIPStore to Taobao's rising luxury sales and Rio Tinto's plans to tap rising diamond demand among middle-class consumers. Read More
British Luxury Jeweler Graff Diamonds Prepares Hong Kong IPO
The latest in a string of high-end brands listing in Hong Kong to fuel expansion in the Greater China region, Britain's Graff Diamonds is expected to seek approval this week from the Hong Kong stock exchange for an initial public offering of as much as US$1 billion. Read More
Demand From China, US Fueling Diamond Price Surge
While business continues to boom in America, as Harry Winston CEO Frederic de Narp recently said, demand for very large diamonds comes "above all from China." Read More
