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

India Luxury Market Shows Double-Digit Growth in 2010

It’s not just the new wealthy in China that is enjoying a life of luxury. Its neighbor India is also showing that it has a taste for the good life as well.

The luxury market in India is grew 20 percent to 5.8 billion in 2010 and this growth is expected to continue into the near future, according to a survey by the Confederation of India Industry and A.T. Kearney Ltd. Luxury products grew by 29