Insight: Africa "black diamond" spenders show their luster

Joelle de Montgolfier, Bain & Company director of retail and luxury practice, is quoted in a Reuters article about the slow rise of the luxury market in Africa. Analysts compare this change to those that happened in India and China however, due to differences in infrastructure, Africa is expected to make a much slower climb. Montgolfier explains, "China is a very unified market and Africa is 57 markets with different regulations. It's a bit more complex to do business in Africa."