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Eagle-eyed appraisers watch over China's booming second-hand luxury goods market


Luxury appraisers are in high demand in China to sift through counterfeit products as the world’s second biggest market for luxury goods has shown growth over the years and is expected to surpass the United States by 2025. Photo supplied.
Eagle-eyed appraisers watch over China’s booming second-hand luxury goods market
By Reuters
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CAPE TOWN, May 06 (ANA) - Luxury appraisers are in high demand in China to sift through counterfeit products as the world’s second biggest market for luxury goods has shown growth over the years and is expected to surpass the United States by 2025.
According to a report released by consultancy firm Bain & Company last November, China will become the world’s biggest luxury goods market, which includes jewellery, fashion and beauty, with Chinese consumers to account for close to half of the global spending. ....

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