Luxury industry because the Chinese buying slowdown hit

Graf jewelry cancelled in Hongkong a $1000000000 IPO is the high-end luxury companies are the latest sign of losing luster. With the mainland's funds ebb, Hongkong originally bubble art and the real estate market is cooling down. The credit crunch is one of the reasons, coach factory outlet the Chinese leadership election may be another reason. Top luxury goods company is spared. China's high-end car dealer is brought and watches distributor Hendry holdings are down 30% since May 1st. The jeweler fared only slightly better.
At the same time, Tiffany and Zhou Dafu shares fell 20%. Despite claims that the coach factory outlet online rich class is not affected by the recession, but actually more popular " soft " luxury performance more stable. LVMH and Coach stock in the past two months fell just 6%. Luxury investment situation worse, currently in Shanghai, a bottle of 2008 Lafite is priced at $1100. More than the most expensive when dropped about 50%. First half of 2012 Christie's Hongkong auction sales than last year dropped more than 30% spring. Southey's said the mainland buyers in the sales ratio in decline. Chinese buyers are investors and collectors. They are often followed by momentum, so the price will be slightly adjusted evolved into full retreat. Hodgkin's high-end real estate market is another victim. In the mainland buyers drive below, Hongkong prices since the beginning of 2009 rose 80%.
 But along with the Chinese mainland for the first yolakss27 quarter of 2012 the tightening coach factory outlet coupon of credit, buyers to buy new houses ratio declined slightly. But do not underestimate the influence of political factors. According to Bain's analysis, the luxury consumption of about 30% is used to pull the relationship of gifts. Along with the Chinese leadership changeover, wealthy buyers who may be worried about sending the wrong object. Swatch group recently warned. High prices of commodity sales in China started to slow down. China needs to soft may give the high-end market caused the most severe impact.