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Swiss luxury group Richemont’s sales dipped in the three months to September . Luxury group’s jewellery brands, its biggest division housing Cartier and Van .It stands to reason then that Rolex is also the most faked watch brand in the world, followed closely by genuine market runners-up Cartier and Omega, but what’s surprising is just how big the scale of that fakery is. Per every Swiss watch made, the fake watch industry is putting out two, . However, over 3,000 companies from all over China, making the Guangzhou watch wholesale market one of the world’s largest cheap replicas watch markets. You might get lucky to find an excellent timepiece by a well .
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Swiss luxury group Richemont’s sales dipped in the three months to September with the owner of Cartier becoming the latest in the sector to report slower than expected revenues as Chinese demand stalls. Sales at Richemont fell 1 per cent on a comparable basis to €4.8 billion (US.14 billion; S.84 billion) in the three months to Sep 30 . Luxury group’s jewellery brands, its biggest division housing Cartier and Van Cleef & Arpels, show resilience. Swiss luxury group Richemont’s sales dipped in the three months to September with . Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector. Richemont said .
ZURICH, Nov 8 (Reuters) - Cartier owner Richemont (CFR.S), opens new tab missed first half profit forecasts and remained cautious about a recovery in China on Friday, sparking a sell-off in . By 2025, Chinese consumers are expected to spend 1.2 trillion yuan (6 billion) on luxury goods, according to research firm Statista. Cartier said China is the first market to offer the French luxury goods brand a robust rebound in sales since the COVID-19 pandemic broke out.Browse all Cartier stores in China to discover luxury jewelry collections for men and women, fine watches, bridal, and exceptional gifts. To counteract and capitalize on Cartier’s success in China, in 2021 LVMH (Louis Vuitton Moët Hennessy) purchased American jewellers Tiffany & Co. for an incredible 16 billion dollars, making it the most expensive deal in the history of the luxury industry.
Store S238, China Resources Center Vientiane City, No. 1881 Bao'An South Road, Luohu District, Shenzhen, China. 010 6416 8572. Browse all Cartier stores in Shenzhen to discover luxury jewelry collections for men and women, fine watches, bridal, and exceptional gifts.
On 14 January, Vogue Business in China conducted an online poll with 40 shoppers about their willingness to purchase hard luxury from the Chinese e-commerce platform. Only 20 per cent said they would buy Cartier on Tmall. There were concerns about the .
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