segment growing rapidly

In China, more and more people into the ranks of wealthy, a symbol of identity and status of the increased demand for luxury goods. Newly rich are fast to understand the different industries top brand luxury development trend and related knowledge, to become an important driving force luxury high-end consumer. From cars, luxury, jewelry to private aircraft, luxury high-end market segments grow very rapidly.
Blue Book Display: February 2010 to March 2011, the Chinese luxury consumer market of 107 million, $ 2.76 billion jewelry market, 2.51 billion bags, fashion 1.83 billion, 1.94 billion watches, cosmetics 970 million, 7.8 in other areas million.
With the appreciation of the renminbi, the euro, the Chinese consumer purchasing power in the international market, to buy luxury goods abroad cheaper than last year. Asians in the European market to buy luxury goods totaled $ 69 billion last year, Chinese people consume nearly $ 50 billion. Italian luxury brand in the global share of 60 percent of sales are sold to the Chinese people.