5th Edition of Salon Deluxe affirms Vietnam’s position in luxury market

Vietnam is currently recognised as a rising star in the luxury goods industry. Amid rising inflation and the volatility of the gold market, diamonds stand out as one of the most sought-after assets. This is particularly true in Vietnam, where a rapidly growing economy and a burgeoning number of high-net-worth individuals are reshaping the luxury landscape.

In this context, the 5^th Salon Deluxe Vietnam makes its highly anticipated return with an array of exciting activities from December 6 to December 8, 2024, hosted at the elegant Hotel Park Hyatt Saigon. This exclusive event offers a curated luxury experience designed for collectors and high-net-worth individuals in Vietnam.

First launched in 2010 by Solitaire Media and Oriental Media, Salon Deluxe Vietnam has consistently brought together global luxury brands to showcase their exceptional offerings, connect with distributors in Vietnam, and explore the unique preferences of Vietnamese consumers. Known as the “Millionaire’s Fair,” the 4^th edition of Salon Deluxe, held in March 2024, showcased an array of jewellery masterpieces featuring pearls, diamonds, and rare coloured gemstones.

This year, Oriental Media Vietnam celebrates the elegance of women through exclusive diamond masterpieces presented by esteemed brands such as Astteria, Infiniti Jewels, Novel Collection, and Vihari Jewels. Guests have the opportunity to admire exquisitely handcrafted jewellery featuring rare coloured diamonds of diverse sizes and exceptional cuts.

In addition, attendees can explore high-value jewellery collections adorned with exquisite gemstones, including emeralds, rubies, and unique sapphires. These pieces are presented by brands like Etho Maria, Piero Milano, Carrie K., Caratell, Lishan Fine Jewelry, Oro d’Italia, and Novecentonovantanove, representing over 10 countries.

For those who value luxury living, the Salon Deluxe Vietnam MasterClass also offers a unique experience. These knowledge-sharing sessions provide opportunities to engage with experts in watches, diamonds, and gemstones, as well as receive insights on residency planning, luxury travel on high-performance motorcycles, and wine appreciation.

Vietnam targets 10 billionaires and top Asian business leaders by 2030 Vietnam has set ambitious targets to have at least 10 billionaires and five of Asia’s most influential entrepreneurs by 2030, according to a newly issued resolution by the Vietnamese government.

Vietnam sees fastest growth in millionaires globally Vietnam saw the fastest growth in millionaires globally between 2013 and 2023, with a 98 per cent increase in the number of individuals with a net worth of over $1 million.

Agency seeks approval to import gold for jewelry, art Viet Nam Gold Trading Association (VGTA) asked the State Bank of Viet Nam to allow local producers of gold jewelry and fine art to import gold materials.