In past few years, there has been drastic change in consumption of luxury wear. Demand of luxury wear for women is increasing rapidly.
Currently, women's luxury wear accounts for 45 percent of total market. According to estimate, about 20 percent of global luxury wear is from China, India, Russia and other new markets.
In a survey conducted in Australia, consumption by Chinese customers averaged US $2200 compared to $712 by Japanese.
Fibre2fashion.com News Desk-China
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