The World Gold Council interviewed 18,000 consumers worldwide, from established markets such as India and China, to smaller markets that have potential to grow, such as Russia, Canada, Germany and the United States.
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Four in 10 of the most valuable shopping tourists hail from China, pointing to the continued spending power and impact of Chinese consumers on the duty-free market even as many opt to shop closer to home.
The global high-net-worth population represents only 0.1 percent of the global adult population, yet it commanded over one-fifth of the world’s total wealth in 2018.
Meditation and mindfulness are the top desires of wellness travelers, according to a new trend report from Virtuoso.
Despite stalling short-term growth in the diamond market, the luxury branded segment of the category is expected to grow by high single digits into 2020.
The luxury business is in for tremendous upheaval in 2020. Register now for Luxury Daily’s 8th annual Luxury FirstLook 2020 conference in New York Jan. 15. Speakers include senior execs from Chanel, Kering, Pernod-Ricard, Boston Consulting Group, UBS, LVMH’s Starboard, Meredith Luxury, Blade, Mitchells Stores, McCann Truth Central, Dentsu Luxe, Isobar, Adweek, Shullman Research Center, Digital Luxury Group, Klarna, Shanker Inc. and Resonance.
With increasing attention placed on sustainability and the footprint around consumption, the stigma around pre-owned items has lifted and given way to secondhand as a form of status symbol.
How do you stay in good financial health when your vendors are enormous companies that do everything slowly – including buy your products and pay the bills?
The company, which researches the affluent and super-wealthy, has seen a 350 percent increase in its ultra-high-net-worth and very-high-net-worth European records.
