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.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)