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 residents who came to buy luxury goods was mainly between 25 to 35 years old, and the "rich second generation" became the mainstream of luxury consumption.
Young people like fashion, which has made traditional luxury brands less popular. The sales of luxury items such as diamond pens, wristwatches, and porcelain decreased most significantly, about 20% less than the previous session.