There’s little surprise to see Cartier doubling its stores in China in the next 4 years. Dazzled by the pace at which China’s booming economy is minting millionaires, the beginning of a luxury consumption wave is finally taking off. The rise of the super-rich in China has invited one of the world’s top luxury jewelers to become the No.1 luxury brand in China. Admittedly, it comes as little surprise to see Cartier hop immediately onto the newfound red-hot market, however, the surprising Hurun rich list revealing the number of millionaires in Beijing surely awaits a lot of luxury brands.
