Jewelry
September 25, 2023
The top luxury market seems to be giving brands difficulties when it comes to gaining a foothold. Image courtesy of Sotheby's
By Zach James
Diamond company De Beers is breaking down the business challenges and opportunities found within China's market last year.
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","iv":"dd29ddd80c20404b7565297ec4610556","s":"f5fa61d6954f4854"}
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