Luxury Market
29 articles
Luxury Market Shifts to Experiences as Goods Decline
The average selling price of luxury products declined by 3 percent in the second quarter, even as global brands committed over $48 million to new luxury hospitality ventures in a single development in
Why Affluent Shoppers Are Embracing Quiet Luxury Over Ostentatious Brands
The Row, a brand known for its minimalist aesthetic and lack of visible logos, was formally accepted into the prestigious Fédération de la Haute Couture et de la Mode in July, signaling a new era for
Jewelry's New Narrative: Heirloom Value Drives 2026 Personal Storytelling Trends
Customers are willing to spend up to $15,000 to have inherited jewels redesigned into custom pieces.
What is the value of gemstones in fine jewelry in 2026?
A two-carat Brazilian Paraiba blue tourmaline recently commanded over $200,000 per carat.
What is the evolution of brand storytelling in the luxury market?
When consumers engage with a compelling brand story, their brains light up as if experiencing the events firsthand, a stark contrast to the limited neural activity triggered by mere data, according to
New York Fashion Week faces challenges in 2026
While European luxury houses alienate aspirational buyers with soaring prices, US labels like Ralph Lauren and Tory Burch are quietly thriving by catering to a new generation of mindful luxury consume
How Luxury Brands Weave Stories for Emotional Client Connections
A single bespoke handbag, often priced higher than a luxury automobile, is not merely sold for its material quality or craftsmanship.
Why Gen Z and Millennials Embrace Quiet Luxury
An unbranded cashmere sweater recently fetched $5,000 at auction, eclipsing visibly branded designer items, reports Art & Fashion Review .
Aditya Birla buys 51% of Sabyasachi for ₹398 crore
The Sabyasachi brand, which saw its estimated turnover nearly double from ₹275 crore in 2020 to an expected ₹500 crore for the current year, just sold a 51% stake to Aditya Birla Fashion and Retail fo
Chinese Consumers Embrace Quiet Luxury Over Flashy Brands
In a surprising twist for China's luxury market, crystal sales surged by 320% in 2024 compared with the previous year, even as the overall personal luxury-goods sector contracted by approximately 5% i
Vintage Jewelry Sales Soar, Driven by Unexpected Consumer Motivations
A 1970s Cartier Love Bracelet recently resold for 15% above its original retail price, adjusted for inflation, according to Sotheby's Auction Results .
Luxury brands face a stark choice: adapt to new consumer values or risk irrelevance.
The high-end luxury tier, representing 40% of the market, contracted by up to 3% annually between 2023 and 2025, even as the broader luxury market anticipates stabilization.
Why Consumers Are Embracing Quiet Luxury Over Ostentatious Brands
Luxury brands shed 50 million customers in 2024 alone, a staggering exodus that signals a profound re-evaluation within the high-end market.
Conscious Consumption's Luxury Market Reshape: Experiences Trump Status
The traditional luxury goods market is shrinking, with sales declining 3% from $417 billion in 2023 to $405 billion in 2025, according to Forbes .
Luxury Brands Lag in AI for Consumer Discovery Amid Market Shift
In 2024, the luxury market shrunk by 2%, resulting in the loss of approximately 50 million consumers, according to Vogue .
The Quiet Luxury Shift: How Evolving Values Are Reshaping Brand Adaptation
A recent survey reveals a profound shift in the opulent landscape: 70% of high-net-worth individuals now gravitate towards unbranded luxury, a stark reversal from a decade ago when visible logos reign
Why Creative Vision Fuels Quiet Luxury Accessory Demand
Matthieu Blazy's debut collection for Chanel unveiled sculptural lady heels, delicate Camellia brooches, and petite bowling bags that vanished from shelves almost instantly.
Frasers Group launches takeover bid for Hugo Boss stake
Frasers Group, already a significant stakeholder, launched a €2 billion bid to acquire the remaining 74% of German fashion house Hugo Boss.
Accessible luxury is challenging traditional brands' cultural relevance in 2026.
Louis Vuitton's brand valuation plummeted from $112 billion in 2025 to $87.
Grandma Fashion Meets 00s Trousers: Designers Reinterpret Trends
A pair of 'grandma core' loafers, once dismissed as orthopedic, vanished from a high-fashion drop in hours, their price tags mirroring designer sneakers.
G-III invests $500M in Marc Jacobs deal for expansion
G-III Apparel Group is investing approximately $500 million to fund its portion of the Marc Jacobs deal, contributing to an overall valuation understood to be around $1 billion, according to Vogue .
K-Culture's Luxury Market Dominance Shapes 2026 Trends
In 2022, South Korea, a nation of 51 million people, outspent every other country globally on personal luxury items per capita.
Local Brands Surge as Consumer Preference Shifts Away from Global Luxury
During the recent Tmall Double 11 shopping festival, local Chinese handbag brands Songmont and Qiuzhen surged into the top three in sales, nearly eclipsing long-time leader Coach.
Why Gen Z Buys Secondhand & Mid-Priced Instead of Traditional Luxury
In 2025, the secondhand clothing market grew four times faster than the broader apparel industry.
Independent Luxury Brands Struggle Amid Economic Polarization
In the Swiss watch market, brands priced below 3,000 Swiss francs are fighting to maintain margins, while hyper-luxury players capture the lion's share of market value.
Quiet luxury's social media reign faces a reckoning in 2026.
Jonathan Anderson, the creative director who quadrupled Loewe's revenue to $1 billion, dismisses the 'quiet luxury' trend as a 'stifling, boring concept,' comparing it to carbon monoxide, according to
Kering invests in Icicle owner ICCF Group
Last year, Chinese luxury brand Icicle generated over EUR300 million (USD324 million) in global revenue, a figure that recently attracted a minority investment from luxury giant Kering in its owner, ICCF Group.
Luxury Brands Bet on Ultra-Exclusivity Amid Geopolitical Turmoil
The global luxury market is projected to grow 4-6% annually over the next decade.
What Is Conscious Consumption in the Luxury Market?
The fast fashion industry's environmental impact compels us to rethink our purchases. Discover conscious consumption in the luxury market, a movement championing intention, ethics, and sustainability.