What are you gifting your loved ones this Diwali? High-end stuff is hot, apparently. From desserts to bags and jewellery, sales of luxury items are surging, driven by a flourishing economy, according to retailers and companies.
"Renowned international brands such as Louis Vuitton, Dior, Cartier, Bulgari, Gucci and Giorgio Armani are leading the way, with increased sales compared to last year," said Pushpa Bector, senior executive director at DLF Retail. Higher spending per customer than last year across all luxury categories signals an uptick in overall expenditure this festive season.