Cartier, the global jewellery giant is said to have formulated plans to roll out ten new stores in mainland China by 2008. Nigel Luk, MD, Cartier Greater China has confirmed that the company wants to increase its number of outlets in China, from 14 at present to over 24 by the end of next year.
The company is expecting heavy demand for jewellery from the rich Chinese populace. China is believed to the third largest consumer of luxury goods in the world. Cartier sells jewellery at a higher price in the country.