“Why people don’t like to buy diamond rings anymore?”: Trending hashtag on Chinese social media
In China, the diamond ring market is shrinking, the market size of which decreased by 18% as compared to 2022 from 82 billion RMB (approximately 11.25 billion USD). Facing a fatigued market, Darry Ring, known as DR, which specializes in engagement rings and marriage rings, experienced a sales decline of 20% in 2022 from the previous year and a net profit […]
‘Knot’ your typical athlete: Tiffany & Co X Eileen Gu
On March 12th, 2022, the latest part of Tiffany and Co’s Not Your Typical City campaign was released on Xiaohongshu（小红书, Chinese equivalent of Instagram) – a selection of reels (short, entertaining videos) where global ambassadors individually share their opinions on New York City, dressed head to toe in the new Tiffany Knot Collection. The under-30-second […]
The Chinese Fashion Accessories Market Is Facing Unprecedented Growth
The fashion accessories market in China is showing a high-speed growth. For example, China has been the second largest jewelry market in the world in 2017 (around 671 billion RMB market size). As estimated, the sales revenue of fashion bags and accessories in China will be doubled from 2016 to 2019. Not only the market […]