Business / Industries

Luxury market loses oomph

By Shi Jing (chinadaily.com.cn) Updated: 2015-01-20 15:28

No 7 Cartier

Cartier designs, manufactures, distributes and sells jewellery and watches. Founded in Paris in 1847 by Louis-François Cartier, the company remained under family control until 1964. Cartier has a long history of sales to royalty and celebrities. King Edward VII of England referred to Cartier as "the jeweller of kings and the king of jewellers."

Luxury market loses oomph

Customers queue up outside a Cartier boutique of Richemont Group in Hong Kong, China, 21 December 2013. [Photo/dfic.cn]

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