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Philadelphia, PA—The diamond and jewelry industry is not alone in facing huge challenges in today’s luxury market, nor are American companies the only ones struggling to remain relevant to the Millennial and Gen-Z consumers that represent the future of luxury.

Philadelphia Style magazine—one of the Niche Media stable of high-income demographic regional lifestyle magazines—presented an in-depth article on the subject in its Fall 2015 issue. Moderator Hitha Herzog sat down with sat down with the CEOs and presidents of top luxury brands to get their read on the new luxury economy, the impact of Millennials, and what’s hot in luxury across the United States.

The gathering dovetailed with the 10th anniversary of the Luxury Education Foundation (LEF), a public, not-for-profit organization that focuses on educational programs for design and business students at both the undergraduate (Parsons School of Design) and graduate (Columbia Business School) level.

Herzog interviewed board members and leaders from Dior, Graff, Chanel, Hermès, Salvatore Ferragamo, and Lalique to get their perspectives on the market: from emerging from The Great Recession to Millennials’ “less is more” attitudes to the onslaught of social media (Henri Baguirdjian, USA CEO and president of Graff, above, is a huge fan), to—as we’ve already learned—the importance of the story behind the product.

Click here to read the full story in Philadelphia Style.