A South African bought a second-hand diamond bezel Cartier watch last year – for R300,000
Luxity, a reseller and authenticator of second-hand luxury goods, grew 190% since the pandemic and 86% during its 2022 financial year.The growth in the second-hand market in the country was partly due to global supply chain issues.
Compared to the second-hand market, which grew by 65% between 2017 and 2021, the first-hand market only increased 12%. He said that customers in the upper-class income bracket brought a massive push because of the limited availability of stock.
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