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Market Update
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The Most Valuable Diamond

By Cathy Wei,  Images: sotheby.com Sotheby’s— one of the world’s largest auctioneers of luxury fine jewelry will offer an impressive array of collectables on April 17 in New York. The most valuable white diamond ever...
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Luxury Stores Pull Out Mandarin Phrase Books to Make the Sale

From http://www.nytimes.com Over five days in January, a group of visitors to New York was treated to a private concert with the pianist Lang Lang at the Montblanc store, cocktails and a fashion show attended by the designers O...
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Chinese Tourists Are Almost Single-Handedly Propping Up Europe’s Luxury Goods Market

From businessinsider.com While Europe’s economies are suffering, Chinese tourists are in no small way helping alleviate the continent’s financial pain, reports Harvey Morris for the International Herald Tribune. La...
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Asia is Key to Grow Prospects for Swiss Watch Makers

From http://online.wsj.com When it comes to making a statement, a $5 million watch encrusted with almost 1,300 diamonds is hard to beat. The one-of-a-kind watch, called “The 5 Million” and produced by LVMH Moët Hen...
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Tourism Seen Adding $850 Billion With Obama’s New Visas: Retail

From http://www.bloomberg.com Bloomingdale’s Chief Executive Officer Michael Gould is a fan of President Barack Obama’s efforts to speed up tourist visas for Chinese and Brazilian shoppers. Doing so would create an “immed...
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Attracting and Serving China’s Global Luxury Consumer

From http://luxurysociety.com Renee Hartmann, co-Founder of China Luxury Network, shares the key insights from its recently released report: “Serving the Global Chinese Consumer” China’s luxury marketplace has become ...
Bloomingdale’s Awaits Chinese Shoppers as Obama Speeds Up

Bloomingdale’s Gears Up for Chinese Shoppers as Obama Speeds Up U.S. Visas

From http://www.bloomberg.com For the past decade, Michael Gould says he’s watched with envy as a “stupefying” number of Chinese tourists lined up outside the doors of high-end boutiques in Paris, Rome, and other European...
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Stores Push for Chinese Tourists

From http://online.wsj.com The luxury business is counting on Chinese demand to drive growth—but a big chunk of that spending isn’t happening in China. Chinese tourists are an increasingly important part of the equation...
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What Chinese tourists want when visiting the US

From http://www.hrsm.sc.edu/tourismresearch/ (Source: University of South Carolina) Travel exchanges between China and the United States have grown exponentially in recent years. How do Chinese citizens view the United States a...
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U.S. destinations target affluent Chinese tourists

From usatoday.com HONOLULU — Hawaii, California and Las Vegasare among American tourist destinations vying fiercely for a vast and largely untapped new market segment. Yes, to be a Chinese tourist these days is to be a widely...