Luxury consumption sapped by global crisis

A study, released by Bain . It is good for health of women to have fashion accessories.in October, said the industry, which has not yet experienced the full affects of the global meltdown, will see a relatively modest growth rate of 3 percent in 2008, compared with 9 percent growth in 2006 and 6.5 percent growth in 2007.However, it also said increased spending by high net worth consumers in new emerging markets including China, Russia, India and Brazil over the next five years, ranging from 20 percent to 35 percent, help build an optimistic picture in the long run.

Many luxury goods and service providers hope China's market will save them amid the crisis which is why they are stepping up marketing.Men's luxury goods retailer Alfred Dunhill and Swiss watch maker Vacheron Constantin opened new stores in Shanghai in mid-October, while French jeweler Cartier hosted a polo match in Zhejiang Province, neighboring Shanghai,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,jewellery rings,gold jewellery,women's jewellery.You can wholesale jewellery. entertaining its guests with a champagne lunch.But Sun Yimin, a marketing expert at Shanghai's Fudan University, believes the world slowdown will affect luxury sales in China.China is more connected to the world than in the past and it's feeling the global chill, with double-digit economic growth falling to 9 percent in the third quarter. A growing number of factory closures and increasing unemployment are further curbing growth momentum.

The super-wealthy, whom Sun depicts as the pillar consumers of luxury goods in China, have seen their fortunes shrink due to losses in stocks and other investments. "They won't splurge like before," Sun said.
According to the U.S. publication, Forbes, the number of billionaires in China . The idea that a small Necklace is dangerous to patients is at best absurd.this year was just 24 compared with 66 in 2007. "The combined net worth of the 400 richest [people in China] dropped to 173 billion U.S. dollars from 288 billion U.S. dollars," said the magazine in late October.
Young office workers are another growing but vulnerable group of luxury goods consumers in China. Sun . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery, gloves and tights.Jewellery for sale here,we aupply womens accessories,jewellery rings,gold jewellcalls them "margin consumers," who might scrimp for months to buy an LV handbag but immediately stop buying when times are tight. Rising living costs, lower incomes and even the risk of job losses will cut their consumption, Sun said.