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Luxury Market Growth and Trends
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Arnold & Son's Luna Magna Red Gold Watch
Audemars Piguet x Tamara Ralph Collabora...
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Luxury Brand Montblanc's Market Standing
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Overview
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The jewelry and watch stores market is projected to grow to $177.86 billion in 2024 at a CAGR of 5.6%, driven by ethical and diverse choices. Key players include LVMH Group, Compagnie Financière Richemont S.A., and Kering SA. Strategic alliances like Ethos Limited and Jacob & Co.'s collaboration are shaping exclusive collections.
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How might the emphasis on ethical choices impact consumer preferences in the luxury market?
In what ways do strategic partnerships contribute to the innovation and market positioning of luxury brands?
What strategies can smaller jewelry and watch stores employ to compete with industry giants like LVMH Group?
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