Sunday, June 27, 2021

Chanel & Cartier Price Increase 2021

It's been awhile since I've talked about luxury bags. I thought today, I'd share some insights on 2 upcoming price increases from 2 of my favorite brands - Chanel and Cartier.

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.


Anonymous said...

It's 6/29 and still no cartier price increase

Sydney's Fashion Diary said...

I was told online prices will be changed either tonight or tomorrow.

Annie said...

Hi Sydney- No more new Chanel purchases for me either. The bi-annual increases are insane and currently out of my bag budget. I lucked out earlier this year and was able to purchase a black mini rectangular flap in chevron print with an SA that I have never worked with before. This will be my last purchase for a while. I cant imagine having to pay close to $5K for a mini flap. I got my first classic flap many years go for less than $3K.I am happy with my small Chanel collection and grateful that I can treat myself one in a way. Also, question for you- how often do you carry your chanel boy bag? I have one and have only used it a couple of times and I am thinking of selling it but fear that I might regret it later down the road.

Sydney's Fashion Diary said...

Hi Annie, Chanel is getting closer to the Hermes zone in term of prices =( Sadly, the Boy bag is my least used bag in recent years. I still love it but can't seem to find the right occasion for it. It's too dressy for my casual outfits yet too big for formal occasions lol. The bag has sentimental value to me. My husband and I went to a Chanel boutique to purchase the bag. It was my very first brand-new Chanel bag. It's also his favorite bag. Even though I don't use it that much, I probably would never sell it. Will pass it down to my daughters and hope they'll get some use out of it =) Hope you and your family are doing well.

Anonymous said...

When does Cartier normally do their annual increases? I popped into a store this past weekend and I was told that normally Cartier does a price increase every year, but the June price increase surprised everyone. So they are not sure if Cartier will do another price increase later in 2021.

Sydney's Fashion Diary said...

I don't follow Cartier price increases closely so I don't know for sure. I don't recall they increase their prices every year. Maybe reach out to a Cartier SA?