Luxury Jewelry Brands Increasing Prices in South Korea
Creatrip Team
a year ago
Luxury jewelry brands like Tiffany & Co. and Bulgari plan to raise their prices in South Korea next month. Watch brands such as Breguet and Longines, part of the Swatch Group, will increase prices by around 5% from November 1. Piaget, another Swiss brand, will implement a 6-10% price hike. This trend is linked to increased demand during the gift-giving and wedding season in May. French brands Chaumet and Cartier have already raised prices, including popular wedding rings like the Love Ring. Omega also increased its prices by around 3% last month.
