Despite the complex macroeconomic environment, luxury consumption has remained remarkably stable due to consumers’ strong desire for exceptional living experiences.

The study found that due to the depreciation of the yen, Japan has currently become the most attractive destination for Chinese consumers to purchase luxury goods, while Hong Kong is the least attractive destination for consumers from the Chinese Mainland.

Axel Dumas, who has led Hermès for ten years, rarely shares his latest views on the entire luxury industry and the Chinese market, and provides a detailed analysis of the company’s long-standing development strategy.

Based on the 152 valid questionnaires collected first-hand, Luxe.CO Intelligence has specially produced four charts to present the current real opinions of high-end Chinese consumers on natural and lab-grown diamonds.

This report is based on a survey questionnaire conducted by Luxe.CO Intelligence collecting firsthand responses from 267 high-end skincare consumers.

According to the report, Chinese high-spending consumers exhibit a willingness to spend that is 50% higher than the global average.