Jewelry and Watch Sales Drive Global Luxury Consumption

Double-digit growth in jewelry and watch sales, strong demand in China and Latin America, and resurging U.S. and European markets have all contributed to what is expected to be a growth of 13 percent in worldwide luxury consumption in 2011, according to a recently released report.

Consulting firm, Bain & Company, which created the report, revised its overall 2011 growth projections from the 8

Global Luxury Sales Show Renewed Worldwide Strength

Strength in markets around the world is fueling an increase in luxury sales, which are projected to grow worldwide by 8 percent to €185 billion ($276 billion) in 2011, according to a survey released by a global luxury goods consultancy Tuesday in Milan.
The growth of luxury sales in China has been getting most attention lately, but this current rate of growth is also being buoyed by strong