Luxury
Chinese luxury brands rise from challengers to market shapers as global houses lose lustre
After months of declining gold prices, Li Yue recently spent nearly 28,000 yuan (US$4,148) on a 10-gram (0.35-ounce) pure gold necklace – more than double the prevailing market rate for the metal. The piece in question: a gourd-shaped pendant from Laopu Gold, a Chinese heritage jewellery brand that has…
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Click here to read the full story: South China Morning Post