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":"f0cfc3ab9599b512dad82bb4721bf783","s":"0bdd6249298ed240"}
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