Rolex watches at a pawn shop in Macau. Typically pawned items like watches and jewelry are being joined at a more frequent rate by handbags and clothing. (Bloomberg)
This post came about through viewing a Chinese online lifestyle publication known as Jing Daily, which keeps us up on the news regarding the new global PimpHop Approved trends that was discussing the new emerging discount luxury industry being frequented by the new young emerging Chinese middle class sector.
The image that is featured brought me back to a time in the 90’s where I did actually purchase my first Rolex watch that was in fact a counterfeit “tick tock” from a Chinese carrier on the boardwalk of Venice Beach, CA from a stand that looked almost identical to the one featured in the image above.
Close to 16 years later, recalling all of my experiences, this is simply a mental note to self in regards to how much things have changed yet on some levels have remained the same, and in this particular case, how clear and honest communication is the key to lasting success and progress in the long run.
On with the show!