Don't Miss Out!🕓 (Newsletter)

📣 Chirping This Week 📣

  • Rolex, Hermès & Chanel’s significant Price Hike in 2024.💲💲

  • Fendi’s cute Collab: Fendi x FRGMT x Pokémon!😍

  • Veuve Clicquot and Belmond's 3 Solaire Journeys🚅

  • Dua Lipa in Custom Schiaparelli Haute Couture👑

Canary’s special tidbit this week 📩 

➡️ It takes 5 hours to hand-stitch a Bentley steering wheel!🚘

🗞️ Luxury News 🗞️

BIGGEST SCOOP: Rolex, Hermès & Chanel bring in 2024 with a significant Price Hike. (Apparel/Finance)

Canary’s whispers that…Biggest Luxe Brands have hiked their prices causing a stir in the market. Here are the top 3 on the list.

1) Rolex dropped a shocking surprise as they welcomed 2024 with prices rising more than 3x, i.e., from US$ 5,000 in 2011 to US$ 14,000 by the end of 2023. In 2024, they’ve declared a hike of 4%-7%. However, its home, Switzerland sees no price change whereas Australia sees a 7%-8% hike! 

2) Hermès too was quick in presenting its new prices! However, it’s a surprising move from their end since they barely ever increase their prices. From a 4%-8% hike in Kelly to 8-10% in Birkin, & 10% in their shoe prices, Hermès has left everyone counting their fortune!

3) Chanel is known for being an investment because of its consistently increasing prices. Especially the Classic Flap is known to have doubled in price from when it was launched. Canary thinks, it’s an apt time to put your priced possessions out in the market for buyers. Who knows… you might hit a jackpot!💲

REUNION: Dior Unveils Artistic Capsule Inspired by Niki de Saint Phalle's Iconic Style. (Fashion)

Flashback to 1965: Marc Bohan of Dior and the iconic Saint Phalle started a fashion-art love affair. Fast forward to 2024, Dior's bringing this chic alliance back to life. They're honouring Saint Phalle with a capsule collection that's pure artistry — named 'Tu Es Mon Dragon', “Strength” and ‘Foulard Zodaique’. The Lady Dior and Dior Book Tote get a zodiac makeover, while T-shirts and denim dazzle with dragon motifs. Canary loves a blend of classic elegance and artistic flair, a true homage to a timeless partnership!

The E.U. Strikes a Sparkling Blow: Imports from the World's Top Diamond Miner Now Banned. (Jewellery)

As of January 1, European shores are saying 'no thank you' to Russian diamonds, shutting down a significant revenue stream for Russia's Alrosa. The twist? Diamonds processed in third countries are still in the clear, but only until September. It's a dazzling shake-up in the world of luxury. According to a post on X by E.U., bigwig Josep Borrell thinks, the group seeks to “deprive Russia of this important revenue source.” Canary thinks the Russia-Ukraine war has caused a big explosion 🥲

Veuve Clicquot Debuts with Belmond Planning Three Exclusive, Globe-Trotting Champagne Train Experiences. (Travel)

Veuve Clicquot and Belmond's 3 Solaire Journeys offer luxury travel at its finest. Start with a Champagne brunch in Singapore, a lush jungle escapade through Penang. Next, an opulent Austrian adventure, culminating in France, filled with Vienna's cultural and culinary delights. Lastly, a five-night journey across South America, taking travellers through Cusco savouring Champagnes through Peru & Machu Picchu & Lake Titicaca. Canary can imagine sipping the finest cuvées while sun-chasing across three continents.

Frédéric Arnault Appointed CEO of LVMH Watches: A Fresh Role in Luxury. (Business) 

Canary spots big moves in the luxury watch realm: Frédéric Arnault steps up as the new CEO of LVMH Watches from Jan 1. He'll be the mastermind behind the glittering world of TAG Heuer, Hublot, and Zenith. We're talking about a dazzling turnover of around 1.6 billion Swiss Francs. Under his savvy leadership, and reporting to the watchful eye of Division Chief Stéphane Bianchi, the time is ticking for what's next in this high-end horological saga.

🔥 Hottest in Luxury 🔥

🎯Luxury Spotted 🎯

Nelly (The Rapper’s) Insane New Year’s Eve Patek Philippe Showcased More Than 1,300 Diamonds! 😮

Elle Fanning made a stunning entrance at the 2024 Golden Globes in a champagne-coloured silk gown that comes straight from Balmain’s 1960s archives.  😍

Kim Kardashiann rocked a $23,400 LouisVuitton x KidSuper fit and Travis Scott Air Jordan 1 Low ‘Reverse Mochas’!👟🧥

Margot Robbie keeps the Barbie fever going with Georgio Armani at the 2024 Golden Globes! 🩷

*Heart Eyes* for Cillian Murphy as he brings back the Oppenheimer vibe in Yves Saint Laurent! 🤠

Dua Lipa is giving Disney Princess in Custom Schiaparelli Haute Couture, designed by Daniel Roseberry, to the 81st Annual Golden Globe Awards! 😍

💡Luxury Tidbit 💡

Did you know that it takes about five hours to hand-stitch a Bentley steering wheel? Renowned for its luxurious cars, it takes pride in its meticulous craftsmanship.

Bentley's commitment to craftsmanship reaches its pinnacle in the creation of their steering wheels. Each wheel is a product of about five hours of skilled hand-stitching, and stands as a symbol of Bentley's dedication to detail and luxury.

Expert artisans select only the most exquisite leather, known for its softness and durability, ensuring that every touch conveys a sense of opulence. The stitching itself is an intricate process, requiring a high level of precision and care, which results in not only an aesthetically pleasing design but also functional durability that withstands the test of time.

This meticulous attention to the tactile and visual aspects of the steering wheel is reflective of Bentley's ethos—to blend technical mastery with the luxury experience, providing drivers with a sense of elegance and unparalleled quality in every journey.

This ensures not only aesthetic perfection but also a tactile experience that's uniquely Bentley.

Canary loves a good adventure. Though the Luxury Market underwent quite a big one, this time. She needs a break!🐣

Until Next Friday,
Stay Luxe.

Sources:
Robb Report
Business of Fashion
Fashion Network
LinkedIn
Purse Blog

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