Because of demand from wealthy buyers taking advantage of tax privileges, Monaco maintained its title as the world’s most expensive luxury residential market for the fourth straight year. In recent study made by Global Property Guide, the world’s most expensive cities are still in Europe in spite the debt debacle and austerity measures imposed by … Read more
Although Steve Jobs is not known for ostentatious displays of his wealth, he was designing his own luxury yacht. And typical of Jobs, he was designing it himself so that he could obsess over every detail. This information has surfaced in an article by Walter Isaacson on the new biography of the Apple’s mogul. Steve … Read more
Russia to stop using ‘Soviet Champagne’ name Russian sparkling wine producers are to stop using the Shampanskoye name on labels after an historic agreement was reached at the weekend. The name, which was established under Stalin in the 1920s, is still widely used by privately-owned producers today. It is understood that there was strong opposition … Read more
Luxury property demand is seen to ebb Global demand for luxury property shows signs of receding, with prices worldwide rising at the slowest rate since the financial crisis began. The growth of prime property prices – the top 5 per cent of property by value – in Europe, North America and Asia has outstripped the … Read more
Hermes launches luxury limited edition Indian saris Indian women may wear Western dress to the office during the day but for weddings and other formal occasions they often prefer to wear saris, reflecting the strong pull of tradition. Part of Hermes effort to connect to India’s culture and to the tradition of elegance of Indian … Read more
Luxury Institute’s trends for 2012: The luxury industry players are asking the same question: How much will last the relative growth registered in 2011? Luxury Institute, after an actionable research with wealthy consumers, presented its annually report on trends that all luxury brands should follow the next year: 1. The Annual Luxury Brand Check-Up Emerges … Read more