

1. Chanel price increase: Chanel is going to have another price increase starting July 1st, 2021. I believe this is the 2nd price increase this year. Isn't that crazy? The first one happened in January. Having 2 price increases within 6 months is ridiculous in my opinion (considering the economy isn’t the greatest right now). I guess, Chanel will continue to raise the prices as long as the demand continues to increase. I wasn't in the market for another Chanel bag. I haven't bought one for years as I am pretty content with my 3 classics. However, when Chanel released their 21A collection, I was in love with so many pieces. I am particularly interested the Classic Mini top handle in grey (current price: $4300) and the Chanel 19 small in grey (current price: $5100). I was seriously considered getting one of those 2 bags before July 1st but unfortunately (or I should say fortunately), both bags are completely sold out in the U.S. My SA sent these photos over a couple of months ago. I think people are panicking over the price increase and willing to buy whatever they can get their hands on. It's fair to say that there won't be a new Chanel bag for me in the future. I have a specific figure in mind when it comes to spending on a bag and with the latest price increase, these classics are no longer in my price range.
2. Cartier price increase: Cartier is going to have their price increase next Tuesday 6/29. It's a 6% across the board on their entire product line (including watches). This price increase is confirmed by my SA. I am glad I got Courtney her ring a few weeks ago. 6% is what I considered a reasonable increase. However, for pieces that cost thousands of dollars, the jump is still significant. I plan to add another Cartier piece to my collection (everything you need to know about the Cartier LOVE bracelet here). I wasn't planning on buying it this year but with the price increase, I need to act quickly (lol!). In order to get the current price for pieces that aren’t available right now, you have to talk to your SA and make a full deposit before Tuesday. They will try to locate the piece for you and honor the current price.
Update: New prices have been updated =( The screenshot on the left was captured yesterday (6/29/21). The screenshot on the right was captured this morning (6/30/21). My LOVE bracelet is now $7400 (increased by nearly 6%). I hope you find this post helpful. At the end of the day, we could live without these material things. I am thankful that we're financially stable enough to treat ourselves once in awhile. However, we knew our priorities and had no problem saying no to things that didn’t matter as much.