Yesterday afternoon, the Wenzhou International Luxury Exhibition came to an end. In the span of 3 days, the people of Wenzhou purchased luxury goods worth approximately 100 million yuan. At this year's exhibition, the age group of Wenzhou buyers focused between 25 to 35 years old, with the "rich second generation" becoming the mainstream consumers of luxury goods.
Young people favor fashion, which has caused traditional luxury brands to become less popular. The sales of luxury items such as diamond pens, wristwatches, and porcelain have dropped most significantly, decreasing by about 20% compared to the previous session.