Luxury Market Tracker — July 19, 2026
Richemont's jewelry division surged 24% in Q1, delivering a blockbuster earnings beat that lifted the entire European luxury sector and signaled robust consumer demand despite persistent economic headwinds. Chinese consumers continue driving global luxury spending at 22% of worldwide purchases, though domestic market sentiment shows cautious stabilization. The sector faces a critical divergence: experiences outpace goods growth, and price-sensitive consumers question value after years of hikes.
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