Global economies aren’t exactly out from under the cloud of recession just yet, but there are signs of financial health sprouting up like the first crocuses of spring.
International forecasts for the luxury sector are generally positive, despite some jitters among consumers, especially in Europe, with concerns about consumption slowdowns in China as the government cracks down on high-ticket bribery and corruption. Here, a few prognostications for luxury segments, a look at some recent stats and a few figures for cocktail party conversation.
Forecast for worldwide luxury sales by category, 2013 vs. 2012: Apparel sales: Up 6 percent. Jewelry, watches, pens and lighters sales: Up 8 percent. Leather, shoes and accessories sales: Up 10 percent. Fragrances and cosmetics sales: Up 4 percent. Fine tableware sales: Up 2 percent.
2013 Growth forecast, by worldwide market: Europe: Up 4.5 percent. U.S.: Up 6 percent. Latin America: Up 10 percent. Japan: Up 2 percent. Asia: Up 17 percent. Middle East: Up 9 percent. Rest of the World: Up 9 percent.
200 percent: Increase in high-net-worth individuals (with more than $1 million in onshore assets) in India, from 46,000 in 2006 to 132,000 in 2013.
Value of Luxury Markets in: U.S.: $75 billion Japan: $25 billion China: $20 billion Hong Kong: $10 billion India:$6 Billion Brazil: $4 billion
564 million: Number of people in China who used the Internet last year. 242 million: Number of people in China who shopped online last year. $210 billion: Estimated e-commerce revenues in China in 2012. $71 billion: Retail value of rough diamonds worth $15 billion. $51.9 billion: Turnover of the Antwerp diamond industry in 2012. 74 million: Euros spent annually on jewelry and watches by U.S. shoppers overseas. 2013 Italian exports forecast: 44.32 billion euros or $56.7 billion, up 2.2 percent from 2012. 2013 Italian imports forecast: 27.65 billion euros, or $35.3 billion, up 4.9 percent from 2012. 90: Percentage of affluent women in India, the third-largest global diamond market, owning a diamond. 42: Percentage increase in 2012 spending for fine watches and jewelry by non-EU citizens in Paris from 2011 (22 percent for London and 55 percent for Milan). 88 million: The number of outbound trips high-end Chinese shoppers will make this year. 155 million: The number of annual outbound trips high-end Chinese shoppers will make by 2020. $100 million: Price for Graff’s peacock brooch, measuring 4 inches in height, made from a total of 120.81 carats of diamonds with a 20.02-carat deep-blue pear-shaped diamond in the middle. 3,550: Hours of work to make the Phénix necklace by Van Cleef & Arpels. 320: Hours of granulation to make the dial of one Cartier Etruscan Panther watch employing the ancient Etruscan technique. $108.74 billion: The value of China’s department store retail market.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews