Harry Winston Diamond Corp, the Canadian mining group which owns the jewelers, has this week announced plans to build a flagship store in Shanghai.

And it will be hard to miss, boasting a 12-meter high façade a company spokesman says will be like a “billboard to the world, a billboard to the Chinese people.”

The 460-square-meter flagship store — to be opened “before January” next year — will be supplemented by a salon inside the lobby of the Peninsula Shanghai hotel.

You don’t have to tell the people at Prada how valuable the Chinese market for luxury goods has become — the Italian fashion icon is so keen to set up a base out East that it is about to be listed on the Hong Kong stock exchange.

In fact, such has been the rush by the world’s luxury brands to get a foothold in China that there are, apparently, little to no spaces left for them in the malls of the country’s largest cities.

Bad news for the brands themselves — keen to get a slice of a market estimated to be now worth 84 billion yuan (nine billion euros) a year — but it is good news for China’s fast-growing number of online luxury-only shopping portals.

Robert Parker – one of the world’s most influential wine critics – is alarmed by the high price of Bordeaux wine, saying the region risks hurting itself by focusing so much on the East Asian market.

“Bordeaux is the epicenter of the greatest wines,” he said. “I hate to see the image damaged by the fact people tend to think it’s too expensive.”

“Bordeaux is focused too much on the wealthy Asian market,” Parker said. “Despite the fact that China has so many wealthy people, it’s a very dangerous game if they raise prices, because the world economy is very, very fragile.”

Louis Vuitton may have lost prime advertising space in China when its giant suitcase was torn down in Shanghai, but it is now wooing customers in the hallowed halls of the national museum in Beijing.

The Louis Vuitton Voyages exhibition, marking the French fashion house’s 20th year in China — the world’s fastest growing market for luxury goods — features hundreds of canvas trunks and leather handbags dating back to the 1860s.

Louis Vuitton is already the brand of choice for many of China’s increasingly wealthy middle class and analysts said the show in the heart of the capital would help cement its dominance of the country’s high-end market.

Porsche China is celebrating their 10-year anniversary with the release of an incredible limited-edition luxury car—the Porsche 911 Turbo S.

The Porsche 911 Turbo S features a stunning gold bronze metallic paint job, a 3.8-liter flat-six engine equipped with 530 horsepower and the ability to go from 0 to 62 MPH in a staggering 3.3 seconds.

The inside of the special edition Porsche 911 Turbo S features stylish leather and Alcantara.

Louis Vuitton announces their new Louis Vuitton Voyages exhibition, which opened on May 31st at the National Museum of China in Beijing, with this animated video.

The “Louis Vuitton – Voyages” exhibition retraces the crowning moments in the history of the Maison, which since 1854, has beautifully paired form with function, creating travel items that bear witness to the French lifestyle.

The Louis Vuitton Voyages exhibition runs at the National Museum until August 30. Admission to the museum is 10 yuan.