Appraisers sift China second-hand luxury market for fakes

  • 📰 eNCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Appraisers sift China second-hand luxury market for fakes eNCA

An expert eye for telling a bona fide Chanel handbag from a bogus one is a skill set in hot demand across China.BEIJING - It's the world's biggest market for luxury goods -- and their counterfeits -- so an expert eye for telling a bona fide Chanel handbag from a bogus one is a skill set in hot demand across China.

China's factories churn out huge quantities of luxury goods, much of which is destined for a domestic market worth about four trillion yuan , according to market researchers UIBE Luxury China. Trainees practice methods of verifying the authenticity of a handbag following a class at the Extraordinary Luxuries Business School in BeijingHis seven-day course teaches students how to detect forgeries, value second-hand goods and learn the skills needed to appraise luxury products.

China's second-hand luxury market value reached 17.3 billion yuan in 2020, almost double the previous year, according to consultancy Forward Business Information.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh. Tell them to come to Jozi. U can get any brand name on the streets. And they’re so obviously fake. Everyone in jozi has an ‘LV’ 🤣🤣🤣 Astounding how they really believe others believe it’s real. 🤣🤣🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines