Although the economic downturn has affected the luxury goods segment, industry experts still appear to be holding out hope.

Speaking at the Reuters Global Luxury Summit in London on June 8, Scilla Huang Sun, who runs a $30 million luxury fund for Swiss banking firm Julius Baer, said: "The worst thing that can happen is that we have another year of negative growth in 2010... But I see it picking up definitely by 2011."

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