Trade volume of second-hand luxury items in China this year may have reached three billion yuan and the sector may keep growing 30 percent each year.
British Polo Day started with a global remit luring rich spectators worldwide.
The 2013 Beijing Jewelry Exhibition was held during July 4-8, attracting more than 500 exhibitors to showing the unique jewelry pieces.
Bentley debuts its new Continental GT3 race car at the 2013 Goodwood Festival of Speed on 12 July, 2013.
Luxury China 2013 closed on June 24 at the China International Exhibition Center in Beijing.
Many customers are second-generation children of entrepreneurs.
Chinese affluent consumers are increasing their purchases of lower price luxury items, moving away from established brands.
High-end demand has tapered off this year due to recent government measures aimed at checking extravagant spending and reining in corruption.
As prices of luxury items remain prohibitive in China, wealthy consumers are going on sprees abroad.
Keep China's big spenders at home
Champagne - a unique sparkling wine associated with luxury and power - has yet to receive widespread recognition and acceptance by the Chinese.
Louis Vuitton, Apple and Hermes are the top three brands wealthy Chinese men prefer to give as gifts, according to survey results released Tuesday.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
