StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Five Trends that Will Shape the Global Luxury Market - Essay Example

Cite this document
Summary
An essay "Five Trends that Will Shape the Global Luxury Market" claims that timepieces have embraced new stature as art pieces or status symbols. The high reputation and demand have transformed luxury watches into investment items rather than consumer items…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Five Trends that Will Shape the Global Luxury Market
Read Text Preview

Extract of sample "Five Trends that Will Shape the Global Luxury Market"

Download file to see previous pages

A watch is more than a timepiece and forms part of an individual’s appearance and jeweler. The watches have been made through careful craft as an integral allure of mechanical watches. The brands share a tradition and cultural prestige derived from centuries of innovation and expertise that is not readily reproduced. The design aesthetic is central to the selection of watches, but it requires cultural capital so as to make artistry worth the price tag. This dissertation explores how the art value of timepieces stirs up consumers to have a desire to purchase luxury watches, especially in reference to Cartier watches, which embrace art element and normally manifest a story behind them.

The high reputation that Cartier enjoys can be linked to the art value of Cartier timepieces, especially owing to the history, meaning, and the story behind the Cartier watches collection. Cartier produces watches and jewelry that are typified by an understated, timeless style with a harmonious combination of personality and discretion, aristocratic touch, and elegance (Barrett 2000, p.349). Cartier watches also have other strengths dwelling on functionality and easy accessibility, which means that the products can be accessed by anyone across the globe (Barrett 2000, p.350). Cartier watches can be regarded as the ambassador of luxury owing to the high relation that the brand enjoys in prestige watch-making.

Presently, Cartier brand is proud of its private collection comprised of collector watches, the company’s range of fine jeweler’s watches, its extravagant timepieces that perfectly embody the Cartier dream and sports and products that have won a place for the brand in history. On the other hand, Vacheron Constantin incorporates personality to the brand and human interaction. The products can be regarded as have an alluring packaging, intriguing ads, and its sensuous looking appearance.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Five Trends that Will Shape the Global Luxury Market Essay”, n.d.)
Five Trends that Will Shape the Global Luxury Market Essay. Retrieved from https://studentshare.org/visual-arts-film-studies/1625361-to-writer-25607-please-add-1500-more-words-in-the-conclusion
(Five Trends That Will Shape the Global Luxury Market Essay)
Five Trends That Will Shape the Global Luxury Market Essay. https://studentshare.org/visual-arts-film-studies/1625361-to-writer-25607-please-add-1500-more-words-in-the-conclusion.
“Five Trends That Will Shape the Global Luxury Market Essay”, n.d. https://studentshare.org/visual-arts-film-studies/1625361-to-writer-25607-please-add-1500-more-words-in-the-conclusion.
  • Cited: 0 times

CHECK THESE SAMPLES OF Five Trends that Will Shape the Global Luxury Market

Marketing Planning and Promotion

Name Institution Course Instructor Date Marketing Planning and Promotion Marketing plan describes a written manuscript whose purpose is to illustrate the prevailing market stand of a business together with its marketing stratagem within the period roofed by the marketing plan.... Therefore, this paper will seek to examine critically the current value of middle market brand and provide carefully argued recommendations about how to improve their prospects (Jopson, 2011)....
9 Pages (2250 words) Essay

Globalization and Medias Influence of Perception of Luxury

Moreover, the interactions have been made easier in the society, with the nations developing a form of interdependence between forms varies the modes of communicating parts of the global media world to the types of media.... The trends that have been taking place in society as a result of globalization are evident.... The author of this essay under the title "Globalization and Medias Influence of Perception of luxury" touches upon the concept of the globalization taking shape in the world that makes it evident that the countries have been reduced to a small world....
8 Pages (2000 words) Essay

Donna Karan SWOTT Business Analysis

The availability of an online store has further increased the market share of the company.... The breakthrough in the international market is not as widespread as other brands; 2.... DKNY has quite little market share internationally.... The availability of an online store has further increased the market share of the company.... nbsp;The breakthrough in the international market is not as widespread as other brands;2....
7 Pages (1750 words) Case Study

The Internet and Social Media: in Affecting the Development of Luxury Brands and its Effectivity

Numerous brands have decided to use online communication with the intention of increasing their market share and dominance because it is the new way in reaching the global market.... Numerous brands have decided to use online communication with the intention of increasing their market share and dominance because it is the new way in reaching the global market.... hellip; However, this has changed and now the online market is radically increasing with numerous people looking for the luxury feeling where they receive special treatment as well as a special feeling....
7 Pages (1750 words) Assignment

Report based on strategic review of an organization Burberry

Burberry is in the business of fashion wear, with an outer wear focus and a brand image that is strongly associated with being British It is positioned as a brand of luxury, focusing on key iconic items of British wear, including the trench coat which it has elevated into the status of iconic items of British-ness (Burberry 2014).... The external analysis reveals the importance of taking emergent trends in social media as indicative of changes in the The external analysis also reveals the enviable position of Burberry and its competitors in a high-margin industry that is also relatively impervious to the threat of new entrants....
9 Pages (2250 words) Coursework

Herborist on Their Next Step of International Expansion

Herborist has been expanding in the global market since 2008.... Strategic Planning of global expansion of Herborist in the Russian market Foreign participation is increasing its share in the Russian market, and the personal care products which were imported in the past century is manufactured in the Russian territory as the companies are opening up their subsidiaries to grab the maximum opportunity in the Russian market.... The consumer market is the key growth driver behind the growth in the Russian market....
8 Pages (2000 words) Essay

Marketing: Analysis of Dolce & Gabbana Marketing

the global market for D & G products and products from other luxury brands has experienced a significant growth.... nbsp;… The luxury brand selected is Dolce and Gabbana that is an Italian luxury fashion brand.... They have created a trademark from their name, which has gained global reputation.... The firm seeks to respond to the long-term needs and trends of customers by focusing on seasonal changes....
11 Pages (2750 words) Essay

The Future of the Car Industry

20 that the market for its ultra-luxury cars is picking up dramatically across Asia as the effects of the global financial crisis recede.... Therefore, the future market is for hybrid cars.... This helped to turn the market direction towards Asian countries.... rdquo; (Industry Week, 2009) Japan is also expected to be a major market for the industry.... For German auto majors like Mercedes Benz and Audi, China is the second biggest market after Germany....
11 Pages (2750 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us