DW SEPTEMBER - OCTOBER 2019
London Jewellery Retail - Analysis The growing Network Of Asian Jewellers In London - Indians compromise of about 1.4 million people in the UK making them the single largest visible ethnic minority population in the country. London has 150 jewellers of Asian origin that cater to the needs of Asian population, get to read the full article about the asian diaspora within the jewellery community.
London Jewellery Retail - Analysis
The growing Network Of Asian Jewellers In London - Indians compromise of about 1.4 million people in the UK making them the single largest visible ethnic minority population in the country. London has 150 jewellers of Asian origin that cater to the needs of Asian population, get to read the full article about the asian diaspora within the jewellery community.
- TAGS
- diamonds
- diamond-industry
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Special Feature<br />
President Emmanuel Macron’s is widely<br />
regarded as the President of the rich<br />
as rising fuel prices and high cost of living<br />
has led to disproportionate burden<br />
of the government’s tax reforms, which<br />
fall on the working and middle classes<br />
in the country. This backlash against<br />
the well healed French citizens has<br />
majorly impacted luxury retail sales as<br />
the industry has seen a decline of 20<br />
percent to 40 percent in the past year.<br />
Redefining LuxuRy<br />
Luxury is no longer only defined by<br />
sparkling diamonds or flashy cars. Instead,<br />
new age millionaires prefer to<br />
live a more subdued and low-key existence.<br />
Privacy and security have become<br />
the new keywords that now define<br />
well bred individuals which makes it<br />
even more difficult for luxury brands to<br />
establish a connection with them. The<br />
rise of conscious and mindful spending<br />
on experiences rather than products<br />
has put luxury retail brands on the<br />
back foot. The diamond industry has<br />
undergone a major upheaval in the past<br />
few years as millenials are choosing to<br />
spend their hard earned money on expensive<br />
gadgets, travel and other unusual<br />
experiences rather than a piece<br />
of jewellery.<br />
digitaL deLuge<br />
For the longest time luxury brands<br />
The U.S. has the<br />
heaviest concentration<br />
of millionaires by far,<br />
with 41 per cent of the<br />
world’s millionaires or<br />
17.4 million living in the<br />
country<br />
DiamonD WorlD september-october <strong>2019</strong> 103
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