7. Canada

Retail value sales of luxury goods in Canada generated 36 billion dollars in 2010 and have experienced a continued growth despite the global economic crisis. As the economy of the country stabilized, a lot of rich investors started investing in luxury goods, ranging from apparel to cosmetics and alcohol. Canada's luxury investing will witness at growth at7.49 percent until 2017.

6. United States of America

Millionaires in U.S. are the largest buyers of luxury goods across the world. No matter what the financial situation is, wealthy people in U.S. feel that it’s their status symbol to spare money on luxury goods like buying diamonds from Sotheby’s auction and owning luxury cars.

Moreover, the increase in labor cost in china, high import duties, fluctuating currency exchange rates and uncertainty over volatile fuel costs have left manufacturing in U.S. more attractive. In fact, U.S. luxury investing CAGR is seen growing at a clip of 7.71 percent by 2017.

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