Ten companies from China and six from India are all vertically integrated jewelry retailers, highlighting the significance of China and India as global leaders in gold and jewelry consumption markets.

The demand in the Chinese luxury goods market is recovering, but the pace of recovery may not be as fast as anticipated.

The proportion of consumers planning to increase expenditures and “upgrade” to more expensive brands in the next six months has seen an increase.

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

In 2022, the luxury hotel industry ranked first in the list of transactions by category with 98 acquisitions, an increase of 16 compared to the previous year.

This series of reports is the first data-driven publication released by MICAM, specifically designed to provide footwear trend insights and buyer’s guides for major global trade shows.