India Luxury Market
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In Q2 2024, China’s dominance as the world’s largest gold market suffered as the demand for gold jewellery plunged by 35% compared to the same time previous year, according to the World Gold Council.
In Q2 2024, China’s dominance as the world’s largest gold market suffered as the demand for gold jewellery plunged by 35% compared to the same time previous year, according to the World Gold Council. But as China injects about $70 billion into its financial markets, will the demand for gold regain demand for the metal that is constantly seeing a rise in global prices.
Roland Wang, China Regional CEO of the World Gold Council in an interview with Shilpa Dhamija affirms that things will turn around in Q4 2024. Read full exclusive interview here
Shilpa is a world renowned journalist and an expert in decoding India and Asia’s luxury markets for global readers. Her original, in-depth reports and analysis are frequently featured in prestigious international titles across the UK, China, Hong Kong, Switzerland, and Oman.
India is cutting import duties on many luxury goods; cars, watches, cosmetics & wines through new trade deals with the EU, UK, UAE, Switzerland and Australia. Lower taxes will boost demand of foreign luxury goods in India, encouraging more global brands to enter and expand in the market.
At key global red carpet events, Alia Bhatt has out-ranked icons like Zendaya and Kendall Jenner, while generating multi-million dollar EMV for brands like Gucci & L’Oréal. Discover how the Indian actress strategically built her influence from a teenage movie star to an ROI magnet from south Asia.
India is significantly reducing import duties on alcoholic beverages and liquor – premium wines, whisky, beer, rum, vodka and tequila – as part of new trade deals with the UK, EU, Australia, New Zealand, Switzerland and Finland. See which major alcobev brands and spirits will benefit the most.
His watches are priced at an average $100,000 and yet attract a long waiting list of buyers. Even Chanel has acquired a stake in his company. He has won every major watch industry award in the world. Meet Maximilian Büsser, the Swiss-Indian watchmaker and founder of the unconventional watch brand MB&F
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