In the middle of a global pandemic and the related economic crisis, why should we be interested in the wealthy? Simply put, if we are to understand market and asset performance then they form a central part of the story, says Knight Frank’s The Wealth Report – The global perspective on prime property … Read more
What were the driving forces behind the luxury real estate market in 2020. A new report by Coldwell Banker titled “The Report: 2021 Global Luxury Market Insights” details the top performing and emerging markets, along with shifting buyer trends during an unprecedented year. New definitions of luxury — like the intangibles of family, … Read more
Diamond industry suffered during the Covid-19 crisis but fared better than the personal luxury market overall. Report Diamond industry poised for rebound in 2021. Lockdowns, travel restrictions and economic uncertainty pushed diamond jewelry sales down by 15 percent in 2020 with most of the decline happening in the first and second quarters. But … Read more
The pulse of luxury residential real estate. “The pandemic recalibrated interest in larger, greener properties, secondary cities, and geographies with favorable tax and emigration policies. These preferences are likely here to stay for the foreseeable future” – Bradley Nelson, chief marketing officer for Sotheby’s International Realty. The global wealth is forecasted to grow and … Read more
Hands up who’s ready for holidays. Despite the fact that many countries around the world are still grappling with high infection rates of COVID-19, many travelers are feeling optimistic that they will be able to vacation abroad this year, says Tripadvisor’s new survey. The report reveals increased intent in international travel and dining … Read more
Engagements Driving Diamond Jewellery Demand This Holiday Season. As consumers are spending less on elaborate weddings and/or honeymoons in the current environment, they had more to spend on choosing the perfect ring. Jewelers say more couples than ever are choosing diamond engagement rings – eschewing industry concerns that the difficult economy would … Read more