The Business of Fashion writes on LinkedIn: When Savette launched in 2021 with a small top handle bag it called the Symmetry 19, its cost — $1,750 — put it in the same realm as similarly sized offerings from brands like Gucci.

By that measure, the Symmetry 19 is practically a bargain these days. The average luxury bag’s price has risen 52 percent since 2019, according to HSBC. The cost of Savette’s bag has inched up to $2,050. Over the same period, Gucci’s Jackie medium bag, for example, went from $2,600 to $3,800.

Price is a big reason, though not the only one, that Savette and a clutch of other independent bag brands are experiencing a surge in popularity and even coveted “it” status once reserved for big French and Italian luxury labels.

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