With fall just around the corner, Hong Kong is set to heat up again with Sotheby's Autumn Auction series, taking place from October 5-9.

Though the overall China luxury market is expected to register comparatively strong growth in 2012, a tighter political and economic climate is having the same chilling effect that we saw in summer 2011.

Expected to become the world's largest by 2015, China's luxury e-commerce market is becoming as profitable as it is overcrowded. But how are consumer attitudes changing and adapting to the growth of online retail?

Bucking one of the defining trends of China's luxury market, that of mainland Chinese luxury consumers traveling abroad or to Hong Kong to stock up on high-end items, a new survey found that shoppers are now staying much closer to home.

Currently with more than 100 points of sale in China and a strong duty-free presence, Folli Follie hopes to attract more Chinese shoppers via a localized, heritage-minded ad campaign heavy on Greek imagery.