The essence of Luxury have been changing from Physical to Experiential. Demanding, at the same time a more personalized response. Premium quality continues to be the key driver of luxury purchases. While most top spenders like to buy “a must have” craftsmanship and handmade products. Consumers also see the future of luxury as digital,  like the fusion between Samsung and Grisonono or the Apple Watch Hermés Style.

SAMSUNG GEAR S2 SMARTWATCH BOLDLY SHINES IN THE GLOW OF JEWELLER-WATCHMAKER DE GRISOGONO

 

Two iconic brands unite to create the most glamorous smartwatch. de GRISOGONO’s vision and boldness meet Samsung’s technological expertise. A high-tech object transformed into a glamorous accessory. Style marries function. Original, trendy, beautiful, innovative, elegant, surprising and precious: it symbolizes the best of the two worlds it connects. When a smart jewellery watch tells the tale of luxury time.

Apple Watch – Hermés Style | Artistry unbound

 

A partnership based on parallel thinking, singular vision, and mutual regard continues with the latest Apple Watch Hermès collection. Featuring built-in cellular technology, new handcrafted leather bands from Hermès, and an additional Apple-designed watch face inspired by the classic Hermès Carrick font, it’s the ultimate tool for modern life.*

Top  Luxury Companies

Louis Vuitton | Fendi | Bulgari | Loro Piana | Emilio Pucci | Acqua di Parma | Cartier | Van Cleef & Arpels | Montblanc | Jaeger-LeCouture | Vacheron Constantin | Gucci | Saint Laurent | Brioni | Harry Winston | Hermés | Tiffany & Co | Prada | Burberry | Swarovski | Christian Dior |

Global personal luxury goods market will continue to grow. A strong dollar, consumers’ confidence, Chinese consumers are demonstrating a strong preference for purchasing luxury goods online which is expected to drive growth of 8 percent. Chinese tourists will remain doing luxury purchases abroad. Asian markets like Japan remains safe for luxury brands. Most brands are working in personalization of the products and services as well as the experiences factor which looks very attractive to customers. High-end food and wine, luxury cruises and alternative ways of relaxation just to mention a few.

In addition, greener purchases and the benefits of living green. These consumers are more likely to purchase ethical brands at a premium price.

Luxury Goods – Market Trends (2017 Review)