Significant Growth of Crane Central

The second-hand luxury retail market in Southeast Asia is experiencing significant growth, driven by increasing consumer interest in sustainable and affordable luxury goods. Items such as designer bags, high-end watches, fine jewelry, and gold are at the forefront of this trend, reflecting a shift towards more conscious consumption.

In countries like Singapore and Malaysia, consumers are becoming more receptive to pre-owned luxury items. This change is influenced by a combination of factors, including the desire for high-quality products at more accessible prices and a growing awareness of environmental sustainability. The circular economy model, which emphasizes the reuse and recycling of products, is gaining traction in the region, encouraging consumers to consider second-hand options as viable alternatives to new purchases.

The market for pre-owned luxury watches, in particular, has seen substantial growth. According to a report by Morgan Stanley, the secondary market for luxury watches reached $25 billion in 2024, with Asian consumers playing a significant role in this expansion. This surge is attributed to younger buyers who value both the craftsmanship of luxury timepieces and the sustainability aspect of purchasing pre-owned items.

This year, we've decided to usher in the Year of the Dragon with a spectacle that not only captivates the eyes but also stirs the collective spirit of our workplace – a lion dance ceremony accompanied by the traditional Yee Sang tossing ritual.

Good news! Crane Inc’s first mobile application – 4C Calculator was newly launched on 12th July 2022. Now it is available in Google Play Store and Apple App Store. If you wish to check out the current price for your diamond, 4C Calculator is the best choice for you.

This diamond price can be shown instantly by entering data according to the Gemological Institute of America (GIA). The diamond price currency for this application has six currencies (USD, MYR, JPY, TWD, HKD) which may increase in the future so that all countries can use it globally. For your information, the diamond price will be updated in every 3-6 months.

I hope you find this application is very useful and please support us by giving 5-star rating in the Google Apps Store and Apple Apps Store. Stay tuned for more useful apps in the future!