If analysts are sure luxury bags are the next big thing on the art market, why are fine jewelry companies gaining popularity among consumers who were splurging on bags during the pandemic? 

Labubu is the newest fuzzy little monster to take over the collectible toy/bag charm craze. Created by artist Kasing Lung, the character is sold and marketed by Chinese toy company Pop Mart. The toy, costing between $20 and $300, give or take, is a fast-growing trend among teenagers and adults.