Jewelry remains one of the top three preferences among all consumers when it comes to giving or receiving gifts, ranking third in the US and first in China and India. Millennials represent a significant opportunity for the diamond industry. A new generation of consumers—the millennials—represents a compelling opportunity for the diamond industry, says the sixth … Read more
The beauty, fine wines and spirits, and fine food segments all grew, reflecting a redirection of luxury spending away from goods and toward personal pampering and experiences. Last 12 months, the luxury consumption shifted away from goods and toward experiences such as travel and gastronomy, which grew faster than luxury goods by at least 5 … Read more
Luxury consumers are redirecting their spending toward new and more personal high-end experiences. Study. The personal luxury goods industry managed to hold steady amid global geopolitical uncertainty, says Bain & Company‘s annual global luxury study. According to new data, under the surface of the high-end market’s increasing stability lies meaningful dynamism with a clear separation … Read more
Glasgow itself is the focus of its 2016 festival of contemporary art, with 220 artists from around the world jostling for space – and plywood – and everything from the Panama Papers to velvet lobsters
Dom Pérignon and the Hôtel de Paris Monte Carlo combine to create an exceptional ephemeral experience. Hôtel de Paris Monte Carlo presents the Dom Pérignon pop-up suite. From 11 March to 30 May 2016, an emblematic suite at the Hôtel de Paris Monte-Carlo, the star hotel of the Monte-Carlo Société des Bains de Mer group, … Read more
Investments of passion performance and global luxury spending trends. Luxury is getting a makeover, all at the speed of social media. The consumer of “luxury” is increasingly digitally-savvy, time-sensitive, socially aware, and more and more concerned about sustainability. The industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% … Read more