Luxury-jewelry industry is facing expanding wealth inequality

Posted by sallys on July 11th, 2016

Luxury-jewelry industry is facing expanding wealth inequality, the poor hate showing off luxury watches and jewelry people harm.

It reported that Rupert on the “Financial Times” luxury industry summit in Monaco, said:. “How will society respond to structural unemployment, jealousy, hatred and class struggle, this question let me sleep at night.”

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He said: “the rich do not want to reveal the rich if your child’s best friend’s parents unemployed, you will not buy any conspicuous things..”

It reported that, leaving the industry worried that China’s luxury jewelry and fashion sales continued weakness. This is the result of the CCP corruption brings. CCP corruption affected the Chinese people give well-connected officials off the expensive gift habit. Bain expects the United States, in 2015 China’s luxury jewelry sales will decline, and after many years China has been the largest growth market.

Compared with Europe, China’s Discount Van Cleef & Arpels Jewelry sales slump and high prices. This prompted Van Cleef & Arpels replica jewelry and other luxury brands to launch 50% discount to entice shoppers back to its expensive flagship store. The industry believes that China’s luxury brand in the good old days might have gone.

It reported that it is difficult to say the luxury industry is collapsing. According to Bain & Company, the global luxury Cheap Van Cleef & Arpels jewelry sales in 2014 rose 2 percent to 223 billion euros, three times the size of the market 20 years ago. But securities analyst Luca Solca BNP Paribas warned that the luxury industry, “urgent need of new growth frontier.”