Millions of consumers entering the middle class in China will help to hold the pace of growth in global luxury goods at 10 percent annually for the next four years despite a slowing economy. the boom in emerging markets may boost the value of the market to 261 billion euros (US$340 billion) by 2014, CLSA said in Dipped in Gold, its annual report on the industry. Jewelry companies enjoyed the strongest sales growth last year, with Hong Kong's Chow Tai Fook seeing an exuberant 79 percent rise in sales between April and September, compared with the previous year, driven by consumers on China's mainland,The power of the middle class in emerging markets means that by 2020 these countries may account for 73 percent of all luxury goods purchases, CLSA said. By 2015 the BRIC nations - Brazil, Russia, India and China - will be home to 1 billion middle class consumers, a rise of 378 million people in five years. China's middle class will account for 45 percent of its population by 2015, ...Good News for CGG holders!