update 2/24/15: We’re being told by multiple members of the PurseForum that the price increase for Louis Vuitton will be hitting next week, with one person saying March 1st is the date their sales associate told them.

We recently brought you news of an impending Hermès price increase, and now rumor has it Louis Vuitton will be boosting its prices soon as well.

While there isn’t a set date for this increase, lots of sales associates have told buyers to expect the price hike around middle of February to early March. similar to Hermès, the expected price increase is 6%-10%. In 2014, there was only one price increase for Louis Vuitton, but in years prior, there had always two increases per year. This is why some buyers going over this issue on the PurseForum are anxious about the upcoming increase–the length of time considering that the last one may indicate that they’re in for a bigger hike than usual.

However, it’s worth noting that some sales associates are telling their customers they know nothing of a price increase, and that if there is one, it likely won’t happen until spring. Typically, stores and their associates are not made aware of the date of the increase until a couple weeks before it happens, and that news hits the buyers and our PurseForum ideal after. We’ll let you know if we hear more, but if you have been eying a Louis Vuitton piece, you might want to get it now–even if the rumors about a February increase end up being bogus, it definitely won’t be long until prices do go up.