Chanel has announced recently that starting 8th April 2015, the prices for three of its iconic Chanel bags, Chanel 11.12, the Boy bag, and the 2.55 are set to be adjusted globally. It is not total bad news depending where you are buying these bags from. If you are buying it from Europe, it is bad news for you as you shall see an increase in prices for these bags. If you are buying it from China, there is a significant reduction compared to the prices for these bags compared to the prices in 2014. See below
Chanel Classic Quilted WOC
Price in Europe has increased to €1740 in 2015 from €1450 in 2014
Price in Australia has dropped to AUD $2560 in 2015
Chanel GST (Grand Shopping Tote)
Price in Europe has increased to €2700 in 2015 from €1950 in 2014
Price in Hong Kong has dropped to 21600 HKD and GST XL 23600 HKD
Chanel’s 11.12 and 2.55 handbag style
Price in Europe has increased to €4,260 euros in 2015 from €3,550 euros in 2014
Price in China has dropped to 30,000 yuan in 2015 from 38,200 yuan in 2014
Price in Singapore has dropped to SGD6,660 in 2015 from SGD$7,550 in 2014
Chanel Boy bag
Price in Europe in increased to €3,720 euros in 2015 from €3,100 euros in 2014
Price in China has dropped to 26,000 yuan in 2015 from 32,700 yuan in 2014
Price in Singapore has dropped to SGD$5,820 in 2015 from SGD$6,850 in 2014 for Medium
Price in UK has increased to 2990 GBP in 2015 for Large
Price in UK has increased to 2690 GBP in 2015 for Medium
Price in UK has increased to 2470 GBP in 2015 for Small
Price in Hong Kong has dropped to HKD$29,700 in 2015 from HKD$37,000 in 2014 for Small
Chanel’s plan is to progressively harmonise or standardize the prices for Chanel across all products by end of this year globally.
What is the trend for price increase or drop for Chanel in 2015 for each country?
- Europe prices increased
- China prices dropped
- Australia dropped
- Singapore dropped
- UK Increase
- Hong Kong dropped
How to buy the cheapest Chanel after this price adjustment?
Find out where you can get the best VAT refund. For example Heathrow airport in London where you don’t pay any tax. In Europe when you get 5 to 7% refund. These are still significant saving that you can tap on if you are travelling to Europe. In general, even if the prices adjustment and based on the current exchange rates, it is still slightly cheaper to get Chanel in Europe than anywhere else in the world.