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1. To Enjoy a Luxury Watch, You Don’t Really Need to Own It: “Something is changing in the way consumers think about and interact with luxury products. The willingness of the younger generation to embrace renting and secondhand is very high. The shift from owning to having an experience is super strong.” – Read More on the New York Times

2. Louis Vuitton to focus on department store business: French fashion house Louis Vuitton is set to beef up its menswear business as it pulls out of duty-free stores in Korea. This seems to be part of the fashion house’s strategy to maintain its brand reputation by preventing “daigou” from sweeping up products in duty free shops in downtown Seoul. – Read More on Korea Times

3. RELATED READ: What Do China’s Enduring Border Restrictions Mean for Luxury Goods Sales and the Daigou Trade? The enduring travel and border restrictions in China that were announced this week will almost certainly help spur increased activity again in the daigou industry, as luxury buyers in China are being forced to do much of their shopping at home (as opposed to during international excursions), where an often-significant gap exists between prices of luxury goods compared to when they are sold in markets, such as Italy or France, and in duty-free destinations like Hainan, an island in southern China. – Read More on TFL

4. Diamonds have gone digital: De Beers has dabbled in the lab-grown market with its Lightbox collection, but right now Céline Assimon, CEO of De Beers, aside from trying to promote the positive impact natural diamonds can have, is focusing on building De Beers’ presence on China’s fastest growing luxury platform, Tmall Luxury Pavilion. – Read More on Wired

5. Burberry CEO to join rival Ferragamo: Burberry boss Marco Gobbetti is leaving the company to take the helm of Italian luxury goods group Ferragamo, following a 4-year-tenure. – Read More on TFL

6. Amazon teams with board game distributor to sue alleged counterfeiters: “If a counterfeiter attempts to take advantage of our customers or partners like Asmodee, our Counterfeit Crimes Unit will hold them accountable through civil litigation or criminal referral to law enforcement,” Kebharu Smith, director of Amazon’s Counterfeit Crimes Unit, said. – Read More on Reuters