By  on May 7, 2012

MILAN — There’s no stopping the growth of luxury goods in 2012 despite social and economic instability worldwide.

This year, the sector is expected to report gains of between 6 and 7 percent at constant exchange rates, reaching record sales of more than 200 billion euros, or $261.4 billion at current exchange, according to a Bain & Co. and Fondazione Altagamma study presented on Monday in Milan. Accessories and the hard luxury category, which includes watches and jewelry, remain the best performing divisions.

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