Luxury Jewelry And Watch Rental Is On The Rise
The trend has changed especially in the “luxury world”. With consumers’ desire to experience rising luxury, watch and jewelry rental services are increasingly promising. A report just released showed that consumption of goods that can provide luxury experiences, such as cars, helicopters, jewelry and watches, has been growing at a rate of 15% per year. This increase is justified by the emergence of new online platforms that broadened this desire for luxury objects, such as watches and jewelry, for those seeking to gain status in specific events such as parties and weddings. We can find luxury brands like Patek Philippe, Rolex , Breitling, Tag Heuer, Vuitton, Prada and many more. They are classified as jewelry. How the market operates. To get an idea of how this market operates, a London jewelry store, Glitzbox, offers an online jewelry rental service for a one-month subscription fee of £50 (which decreases to £43 for an annual subscription). Its 26-year-old founder Tamsin Ivy, who...