luxury goods

    • Covid-19 stifles gold, diamonds, luxury goods supply

      Covid-19 stifles gold, diamonds, luxury goods supply

      The global Covid-19 pandemic triggered an economic crisis that was unknown to humanity. Besides supply and demand, all markets had to figure the unfamiliar lockdown factor. Investors and even common individuals searched for the known safe heavens in the face of the crisis. But rules had changed. Supply was no longer tied to demand, expensive was no longer valuable and valuable was not at all vital.

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    • Luxury industry eyes rebound from pandemic by end-2021

      Luxury industry eyes rebound from pandemic by end-2021

      Luxury brands worldwide bet on fast rebound from the Covid-19 slowdown as customer demand picks up due to huge stimulus packages and fast vaccination roll-out fuels optimism over economic recovery, AP reported, quoting a study by Bain & Co. consultancy. The rapid rebounding US economy together with China - already on an established growth trajectory - could push the global market for personal luxury goods back to or even beyond pre-pandemic sales levels as early as this year, Bain partner Claudia D’Arpizio said.

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