Earring-making experts warn that a shortage of the high-end earrings is hurting sales
Suppliers of the highest-end, fashionable earrings are scrambling to fill their supply with high-quality alternatives amid a global shortage of high-priced earrings.
The issue has hit luxury brands like Gucci, Louis Vuitton, and Chanel, and has already been exacerbated by the surge in online sales of pricey earrings and jewellery.
It’s a trend that has caused some companies to start laying off staff.
But a growing number of luxury earrings retailers say they’re struggling to meet demand, and the trend has led to a surge in counterfeits, which have resulted in higher prices for high-value earrings like the one seen in the above photo.
And if you’re looking for a high-profile piece of jewellery to buy for your partner or family, you’ll need to pay even more for them.
“The demand is just outstripping supply,” said Marc Lutz, the owner of the designer Marc Luitens boutique in London.
“You can’t buy these items for a small amount of money.”
In an effort to meet the rising demand, he said he is now offering a new line of high quality earrings that include a leather band, gold plated earrings in two colors and a faux-leather strap.
He said that demand for high quality jewellery is also outpacing supply.
According to Lutz’s website, the new earrings cost $1,200 and come in three styles: rose gold, platinum and rose gold.
Many of the earrings on offer are also made in Japan, China and Australia.
Lutz said that his store has seen a steady increase in customers since he started stocking the high quality items, but he said his customers are not just buying the earring but also the ear ring holder, the clasp, and even the bracelet.
Marc Lutz said he’s selling out of the new Marc Lutens earrings at his boutique in New York.
(Photo: Courtesy Marc Luthier)”I’ve seen a huge increase in people coming in for the ring holders, the ear rings, the bracelet, and I’ve seen people come in for their own earrings as well,” he said.
In fact, Lutz even said that he’s even seen customers trying to resell the ear bags on eBay.
“We’ve seen some resellers going in and reselling the ear bag and asking for more than what the item is selling for,” he told the CBC.
I can tell you that in this day and age, there are no substitutes for quality earring.
It’s a luxury item.
However, there is one company that is trying to fight the trend.
Woolworths Canada Inc. is using a new technology to create a unique brand of earrings for the high demand earrings market.
To make the earlings, a team of 3,000 workers at the company’s Toronto headquarters create a new batch of earlage from scratch.
The new earlages are then assembled in factories around the world and then shipped out to stores in Canada.
One of the first customers to get the earbuds was a Canadian man, Scott Sadowsky, who purchased one for his wife and family.
Sadowsky said he didn’t know he was getting a high quality item until he got a call from a customer in Japan last month.
“It was the first time I heard about it and I was just thrilled,” he recalled.
This is the first thing I’ve bought from a designer, and that was my wedding ring, said Sadowsk.
“I was in awe.
It was a little bit overwhelming.
That was the moment I knew this is something I wanted to own.”
Sadowsk said he even received some compliments.
“I said, ‘What are you saying to me?’ and they said, I love your ring, I’m going to buy one of yours,” he laughed.
A similar trend has been seen in Asia, where some luxury earring sellers have been selling their items at a discount to their U.S. counterparts.
In the United States, high-dollar earrings sold for upwards of $100 at a time.
While earrings marketed as high-performance earrings have been making a comeback, high quality and luxury earlots are still the biggest market for them in the U.K. Sales are also growing in Canada, where luxury ear rings are still being sold at a premium.
So far this year, luxury earwear brands have been buying up some of the luxury earling market in the United Kingdom, according to the company that owns the British luxury ear ring chain.
British luxury ear jewelry brand Marc Lutton, pictured here with wife Julie, says that demand is outpacing supplies.