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Sustained luxury demand sparks global interest
Mint Mumbai
|August 07, 2023
Richemont-owned watchmaker Panerai, for instance, has initiated an exclusive preview of its latest luxury watches in India this month to gauge buyer interest in the newest additions to its ‘Radiomir’ and ‘Luminor Due’ collections, some of which are priced as high as ₹50 lakh per piece
With India set to experience one of the fastest growth rates in luxury goods consumption, several global luxury companies are introducing their latest and best collections in the country.
Richemont-owned watchmaker Panerai, for instance, has initiated an exclusive preview of its latest luxury watches in India this month to gauge buyer interest in the newest additions to its ‘Radiomir’ and ‘Luminor Due’ collections, some of which are priced as high as ₹50 lakh per piece. These watches were launched at the ‘Watches and Wonders’ show in Geneva. The watches will now be showcased in major cities, including Delhi, ahead of the festive season in October. The company also plans to open two stores within this fiscal year, adding to its existing three.
India’s luxury consumption, currently estimated at
This story is from the August 07, 2023 edition of Mint Mumbai.
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