Hey, there lovelies! We hate to break it to you, but we’ve come bearing bad news. You may want to sit down for this one.
Chanel’s at it again. As many of you may already know, Chanel increases their prices twice a year, every year. This year is no different. The Chanel price increase 2024 list is out — and let’s just say, your bank account might feel the pinch. So, let's spill the tea on what's happening and how it’s going to affect your next Chanel shopping spree.
The Inside Scoop on The Chanel Price Increase 2024
Chanel bumps their prices every year in February and September. Let’s just say, post-COVID, these increases have been a tad bit more noticeable. The percentages can really make a difference — especially when you’re eyeing that dream bag.
To say Chanel’s been on a rollercoaster with their pricing strategies, would be an understatement. Unfortunately, 2024 is no different for fellow fashionistas. The latest increase kicked off in March 2024 and has left us all gasping for air.
Here’s what you need to know:
Date: March 27, 2024
Regions Affected: USA, UK, and globally
Items Impacted: Classic flaps, 2.55, Boy bags, Chanel 19, and more
Okay, so we hope everyone’s on board with the idea that the Chanel price increase in 2024 isn’t just about battling inflation and the turbulent economy. Let’s be honest, given their record-breaking sales every year, do we really believe they’re having a hard time staying afloat in this economy? It’s actually all about Chanel reinforcing its status as the epitome of luxury.
Hear us out: Chanel's price increase on March 27, 2024, simply aligns perfectly well with their global marketing strategy. The price hike merely further positions Chanel as an all-exclusive, limited-edition luxury brand. This obviously helps ensure their products remain aspirational and sought after.
Do we blame them, though? Like, have you seen the Chanel Mini Kelly or the Chanel Drawstring Bag? They have us drooling — and the craftsmanship and attention to detail? Worth every penny if you ask us!
The Hit List: What's Going Up?
Okay, okay, we admit it — we may have overreacted a teeny tiny bit. But only a little, we promise!
While most of our Chanel favourites have climbed up the price ladder, there are a few items that remain untouched (for now, at least).
Let’s get into the nitty-gritty. Here’s a quick comparison of prices from 2023 to 2024:
Chanel Price Increase 2024 USA
Gather around American sweethearts, let’s talk numbers:
| Previous Price, 2023 (USD) | New Price, 2024 (USD) | Price Increase (USD) | Increase (%) | |
| Classic Small Flap | $9,600 | $10,400 | $800 | 8.30% |
| Classic Medium Flap | $10,200 | $10,800 | $600 | 5.80% |
| Classic Jumbo Flap | $11,000 | $11,700 | $700 | 6.30% |
| Classic Maxi Flap | $11,500 | $12,300 | $800 | 6.90% |
| Classic Mini Square | $4,700 | $5,000 | $300 | 6.30% |
| Classic Mini Rectangle | $4,900 | $5,200 | $300 | 6.10% |
| Classic Wallet on Chain | $3,350 | $3,350 | No increase | No increase |
| Chanel 22 Mini Handbag | $5,000 | $5,000 | No increase | No increase |
|
Chanel 22 Small Handbag |
$5,500 | $5,500 | No increase | No increase |
|
Chanel 22 Handbag |
$5,800 | $5,800 | No increase | No increase |
|
Chanel 22 Large Handbag |
$6,300 | $6,300 | No increase | No increase |
|
Chanel 19 |
$6,400 | $6,600 | $200 | 3.10% |
|
Chanel 19 Large |
$6,800 | $7,300 | $500 | 7.30% |
|
Chanel 19 Maxi |
$7,500 | $7,900 | $400 | 5.30% |
|
Mini 2.55 Handbag |
$4,900 | $5,200 | $300 | 6.10% |
|
2.55 Handbag |
$10,200 | $10,800 | $600 | 5.80% |
|
Large 2.55 Handbag |
$11,000 | $11,700 | $700 | 6.30% |
|
Small Boy Chanel Handbag |
$6,100 | $6,400 | $300 | 4.90% |
|
Boy Chanel Handbag |
$6,600 | $6,900 | $300 | 4.50% |
|
Large Boy Chanel Handbag |
$7,000 | $7,300 | $300 | 4.20% |
|
Flap Bag with Top Handle (Trendy CC) |
$6,900 | $7,100 | $200 | 2.80% |
Chanel Price Increase 2024 UK
Thought we forgot you gals, did you? Here’s the Chanel price increase 2024 list for you ladies back home:
| Previous Price, 2023 (GBP) | New Price, 2024 (GBP) | Price Increase (GBP) | Increase (%) | |
| Classic Small Flap | £8,180 | £8,510 | £330 | 4% |
| Classic Medium Flap | £8,530 | £8,850 | £320 | 3.80% |
| Classic Jumbo Flap | £9,240 | £9,540 | £300 | 3% |
| Classic Maxi Flap | £9,760 | £10,060 | £300 | 3% |
| Classic Mini Square | £3,960 | £4,080 | £120 | 3% |
| Classic Mini Rectangle | £4,130 | £4,250 | £120 | 3% |
| Classic Wallet on Chain | £2,810 | £2,810 | No increase | No increase |
| Chanel 22 Mini Handbag | £4,350 | £4,350 | No increase | No increase |
| Chanel 22 Small Handbag | £4,840 | £4,840 | No increase | No increase |
| Chanel 22 Handbag | £5,100 | £5,100 | No increase | No increase |
| Chanel 22 Large Handbag | £5,500 | £5,500 | No increase | No increase |
| Chanel 19 | £5,360 | £5,590 | £230 | 4.30% |
| Chanel 19 Large | £5,890 | £6,100 | £210 | 3.60% |
| Chanel 19 Maxi | £6,460 | £6,660 | £200 | 3.10% |
| Mini 2.55 Handbag | £4,130 | £4,250 | £120 | 2.90% |
| 2.55 Handbag | £8,530 | £8,850 | £320 | 3.80% |
| Large 2.55 Handbag | £9,240 | £9,540 | £300 | 3.20% |
| Small Boy Chanel Handbag | £5,060 | £5,240 | £180 | 3.60% |
| Boy Chanel Handbag | £5,580 | £5,800 | £220 | 3.90% |
| Large Boy Chanel Handbag | £5,890 | £6,100 | £210 | 3.60% |
| Flap Bag with Top Handle (Trendy CC) | £5,800 | £5,930 | £130 | 2.20% |
Chanel Price Increase 2024: What Does This Mean for Chanel Lovers?
With that out of the way, (that’s the worst of it, we pinky swear), where does that leave us women? Well, let’s just say, if you’ve been eying that dreamy Chanel bag, now might be the time to make the leap before prices climb even higher.
Sure, the Chanel price increase on March 27, 2024, has caused a couple of rumbles amongst the crowd but does that mean a dying Chanel market? Heck no!
The bright side is that these bags are known for their durability and timeless design. This makes them valuable assets in any wardrobe. The Chanel price increase in 2024 simply means that your existing Chanel collection just became even more valuable!
Did we mention that the resale market for these Chanel purses is crazy good? We’re talking about significantly higher reselling prices than the price you got it for back in the day. How insane is that?! Not only Chanel but the secondary market of most luxury bags also follows a similar trend.
What’s in Store for the Next Chanel Price Increase 2024?
We can’t really say if Chanel’s pricing strategists are done for the year 2024 or when the next price hike can be expected. What we do know, however, is that it’s likely that Chanel will continue to adjust its prices periodically. Especially since the Chanel price increase in 2024 is the fourth price hike since the global pandemic.
Chanel claims that their pricing revisions are so they can adjust and standardise prices across the globe. Are we falling for it? Meh, probably not — does it even matter, though?
If we ask ourselves whether these hikes are going to alienate Chanel’s loyal yet not-crazy-rich followers, we’d say it’s a hard pass. Chanel’s made a name for itself in the luxury market and they’re not backing down anytime soon. Neither are their die-hard fans.
What Now?
With the Chanel price increase in 2024 list out, you’re probably asking yourself: what now? Lovelies, we’re here to remind you that the next time you walk into a Chanel boutique, you’re not just buying a bag; you’re making an investment.
So, while the Chanel price increase in 2024 might seem daunting, for those who adore the brand, it's a small price to pay for timeless elegance and exclusivity.
We have a confession to make: as much as we love luxury, what we love even more is a great deal. And Love Luxury gives you just that! We know the Chanel 19 price increase in 2024 has got to sting, but we’ve got that and much more.
Shop our collection of preloved, gently used Chanel purses and handbags that are looking for a new, loving home!
