By  on January 4, 2018

The handcrafted and artisan-made sector has picked up speed as consumers continue to embrace “modern luxury” in lieu of more traditional luxury apparel and accessories. From small- and mid-range companies to large corporations, brands are incorporating locally, and ethically made handcrafted items into their product offerings to keep up with consumer demand.

The growth of handcrafted products emerges as the luxury industry has grown exponentially in the last 15 years: The value of the global personal luxury goods market in 2016 was nearly $300 billion, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags. Bain & Co. anticipates the overall luxury sector to see 5 percent growth for 2017.

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