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Friday, 13th August 2004 (5650 views)

The luxury market in Australia is expanding as the mega-rich continuously buy high quality items such as designer jewellery. <BR/><BR/>According to The Courier Mail the super rich are trying to differentiate themselves apart from the rush of new millionaires that are the result of a booming property market.<BR/><BR/>All the prestige names in the country from a variety of sectors are reporting an increase in sales and profits as a result of Australians' spending trends.<BR/><BR/>One company, Brisbane's Hardy Brothers Jewellers, has now changed its stocks as a result offering rings worth hundreds of thousands of dollars as standard.<BR/><BR/>Store manager John Mansfield explained that there was also an expanding market for one-off, high-end jewellery items and in particular mechanical watches.<BR/><BR/>Spending is also thought to be so high since the country has seen a hold on interest rate rises due to the upcoming federal election.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3228578"/>

 

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