Top Asian luxury goods companies by luxury goods sales

In 2020, Hong Kong-based jewelry company, Chow Tai Fook Jewellery Group Limited, was the leading Asian luxury goods company, generating luxury goods sales of approximately 7.2 billion U.S. dollars. Another jewelry brand, Lao Feng Xiang, followed second with luxury goods sales of over 5.5 billion U.S. dollars in 2020.

Leading Asian luxury goods companies in 2020, by luxury goods sales (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
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Release date

November 2021

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Region

Asia, APAC

Survey time period

Financial year 2020

Supplementary notes

* Estimate.

Luxury goods in this report focuses on luxury for personal use, and is the aggregation of designer apparel and footwear (ready-to-wear), luxury bags and accessories (including eyewear), luxury jewelry and watches and premium cosmetics and fragrances.
It excludes the following luxury categories: automobiles; travel and leisure services; boating and yachts; fine art and collectibles; fine housewares; and fine wines and spirits. Retailers who are mainly resellers of other companies’ luxury brands are also excluded.

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