Cartier Will Be Launching The Contemporary Jewellery Fair At The Paris Art Museum In Singapore.

To celebrate

Founding 50th anniversary, French classic jeweler Cartier will be held at Singapore Pinacoth que de Paris, Paris.

"Public exhibition.

This exhibition is

For the first time in the history of the world, the exhibition of contemporary high jewellery has been held for the first time in the world. Over 60 exhibits are the world's first show.

More than 600 pieces of jewelry, clocks and precious works are exhibited.

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According to McKinsey's data, online sales account for 4% of the total market and increase by two times the overall growth rate of the luxury goods industry.

If we continue to grow at this rate, the online consumption of luxury goods industry will reach 20 billion euros in 5 years.

I believe anyone who sees such figures will be heartbeat. Cartire's parent company is no exception. Although there is an electricity supplier, it is obviously not enough for this huge luxury empire.

In recent years, there is little good news about luxury goods groups.

Take the peak of one of the three luxury goods companies as an example. First of all, due to the sluggish Asian emerging market, some brands including Cartire were forced to join the price adjustment team. Subsequently, the 2014-2015 financial year report shows that group net profit has dropped for the first time in 5 years, and the company has led the company to take a lead in lowering wages, and the staff will impose a freeze on salary growth.

Some analysts believe that the cost reduction plan, including layoffs, is inevitable, and the electricity supplier may become a new development opportunity for their growth.

Cartire is the second high-end watch brand that has been cut down publicly in the Hongkong market after Patek Philippe (Patek Philippe). Cartire attributed the global price adjustment to the recent abnormal fluctuations in the euro exchange rate, which is exactly the same as Chanel's price rise in Europe and the price reduction in China.

Whether it is the same price between Hongkong and the mainland, or the sudden opening of the electricity supplier, Cartire hopes to offer cost-effective products through the online shopping platform, injecting a strong heart to the weak market.

According to a headline website yesterday, a survey of KPMG's online shopping consumption announced by China is benefiting from the sustained and rapid growth of smartphone penetration. China's online and mobile luxury consumption has exploded.

45% of respondents said that most of their luxuries were purchased through Internet channels.

Earlier, Bernstein analyst Mario Ortelli said: "this industry has finally jumped from the online to offline."

Ortelli expects that 9% of luxury goods sales will be completed online in the next ten years, which is almost two times the share of last year. The Internet is not only a battleground for earning profits.

With more and more consumers turning to the mobile terminal for browsing and purchasing, the Internet has become the key to get consumers' data.

This also explains why LVMH group's 15 fashion and leather products brand Fendi will set up its own e-commerce website this year.