Welcome to The Weekly Edit, your curated digest of the latest in the world of luxury. Each week, WLCC brings you a handpicked selection of industry news, insights, and stories influencing the future of high-end fashion, design, travel, real estate, and beyond. Consider this your insider’s guide to the latest in luxury.
Luxury Real Estate Market Poised to Exceed $338 Billion by 2030
The U.S. luxury real estate market is thriving, projected to exceed $338 billion by 2030, driven largely by cash-rich buyers and intergenerational wealth transfer. While the broader housing market faces affordability pressures, high-net-worth individuals are snapping up properties without financing, closing faster, and strengthening offers in competitive bidding. The fastest growth is expected in Sunbelt states like Florida, Georgia, and the Carolinas, where low taxes, warm weather, and lifestyle amenities attract affluent buyers. Cash transactions dominate high-end sales, particularly for homes above $2 million, insulating the luxury sector from mortgage volatility and ensuring sustained demand and pricing resilience at the top tier.
Via: Realtor
Kering Launches CRAFT Program with Shanghai Fashion Week
Kering has partnered with Shanghai Fashion Week to launch Kering CRAFT, a new cross-continental residency designed to support rising Chinese designers through training in Milan, Paris, and Shanghai. Announced at the CIIE, the program focuses on artisanship, fashion, and technology, aiming to strengthen links between China and Europe while helping young talent develop stronger creative and business skills. An international jury will select participants, who will gain direct exposure to industry leaders and new ways of working. The initiative also enhances Shanghai Fashion Week’s global presence by fostering broader creative exchange and promoting the development of future Chinese fashion leaders.
Via: Kering
Saks and Neiman Marcus Present Miami Bejeweled Ball
Saks Fifth Avenue and Neiman Marcus hosted their third Bejeweled Ball on November 5 at the Faena Hotel in Miami Beach, concluding a week of private shopping events featuring major jewelry and watch brands. It was the first Ball since Saks Global acquired Neiman Marcus in late 2024. Brands such as Boucheron, Chopard, Pomellato, Siegelson, Etho Maria, and Yeprem showcased pieces, nearly half created solely for the event. Inspired by tropical, vintage botanical themes, the evening offered client presentations, live music, and thematic installations, reflecting a strong interest in high-end jewelry and the retailers’ ongoing collaboration with leading luxury brands.
Via: Forbes
Luxury in Transformation: Selling Meaning Instead
The meaning of luxury is changing, shifting from ownership to personal transformation, as Daniel Langer explains. Today’s clients expect more than products; they seek identity, emotional impact, and a sense of belonging. Luxury brands must rethink every interaction, from sales associates to boutiques and digital platforms, focusing on storytelling, authenticity, and emotional resonance. Training should go beyond features to inspire and engage clients, turning purchases into experiences. Each product and campaign should act as a catalyst for confidence, inspiration, and empowerment. Brands that embrace this shift will shape the future of luxury, while those clinging to transactional approaches risk being admired but ultimately forgotten.
Via: Luxury Daily
Industry Report: The Present & Future Luxury Equation By KPMG
After years of rapid growth, the luxury sector is entering a moment of transformation. KPMG’s “Luxury in the Midst of Change 2025” shows that global sales contracted in 2024, revealing polarization: ultra-luxury thrives while broader segments face slower demand. Brands are responding with AI-driven personalization, operational efficiency, and expansion into lifestyle sectors like hospitality, wellness, and beauty. Heritage, sustainability, and the booming second-hand market are reshaping strategies, while mergers drive access to new clients and technology. The future of luxury hinges on balancing exclusivity with inclusivity, tradition with innovation, and profit with purpose, rewarding brands that master change with lasting relevance.
Via: WLCC
Luxury People Podcast | EPISODE 3 with Philippe Mihailovich
In this episode of the 𝘓𝘶𝘹𝘶𝘳𝘺 𝘗𝘦𝘰𝘱𝘭𝘦 𝘗𝘰𝘥𝘤𝘢𝘴𝘵, presented by the World Luxury Chamber of Commerce, host António Paraíso is joined by haute luxury expert Philippe Mihailovich, founder of HAUTeLUXE and an Honorary WLCC Board Member. According to Philippe, in France, the craftsmen are the Kings and the artists the gods – so join us for an exclusive deep dive into the world of haute luxury. Whether you’re a luxury enthusiast, marketer, or industry insider, Philippe’s profound insights on brand strategy, ethical sourcing, and the future of luxury offer invaluable knowledge and inspiration.
Watch the full episode here.
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