luxury goods

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Truffle Oil Is a 'Remarkably Successful Con'

Truffles are known for their scarcity, but not even trace amounts appear in truffle oil

(Newser) - For years, truffle oil has promised to bring consumers the hard-to-find truffle with convenience and a longer shelf life. Problem is, truffles are neither long-lasting nor convenient—which is part of what makes them so exciting and expensive, reports Priceonomics . Well, it turns out the oil, often marked as "... More »

Trump's Luxury Brands Have Lost Their Glitter

And he really only has himself to blame, per Politico

(Newser) - For more than 10 years, BAV Consulting has kept an eye on the Donald Trump brand, documenting its peaks and valleys in consumer opinion. But as Politico reports, the Donald's hold on the luxury goods market—which has helped amass him a portfolio that Bloomberg has estimated is worth... More »

Fashion House Woos 'Next Big Untapped' Market: Muslims

Dolce & Gabbana is out with designer hijabs and abayas

(Newser) - In what Clare O'Connor of Forbes calls "its smartest move in years," fashion house Dolce & Gabbana is dipping in to a market with massive potential: Muslim fashion. D&G has launched its first collection of abayas and hijabs for the Middle Eastern luxury goods market. While... More »

The 5 Priciest Cars in the US

One costs more than a million bucks

(Newser) - You think a $100,000 Tesla is expensive? Pshaw. That's nothing compared to the McLaren P1, which is the most expensive car in America, per a 24/7 Wall Street analysis of Kelley Blue Book listings. The top 5, consisting of both performance and luxury vehicles:
  1. McLaren P1: $1,155,
... More »

On Offer in Neiman Christmas Book: $475K Perfume

Plus: $300K model racetrack, $100K amphibious vehicles

(Newser) - Looking for the perfect gift this holiday season? Look no further: For just $475,000, Neiman Marcus is offering the chance to design a perfume with an expert in Paris. Your fragrance will come in 14-karat gold bottles, the Dallas Morning News reports. If that doesn't strike your fancy,... More »

Rodman in Snag Over Kim's Fancy Birthday Gifts

He's being investigated for breaking US law banning luxury imports to North Korea

(Newser) - Apparently being buddy-buddy with Dennis Rodman has its perks. On his recent trip to Pyongyang, the ex-NBA star is said to have showered Kim Jong Un with more than $10,000 in luxury gifts—including a fur coat, an Italian suit, European crystal, hundreds of dollars worth of Irish Jameson... More »

Pink Diamond Fetches $83M

It's a record for any gem sold at auction

(Newser) - An enormous diamond known as "The Pink Star" sold for more than $83 million at auction today, far surpassing its expected price of $60 million. Sotheby's says the sale of the vivid and flawless 59.6-carat pink diamond is the highest price ever paid for a gemstone at... More »

Neiman Marcus Gifts Include $1.9M Diamond Deal

Retailer out with annual luxury items

(Newser) - Need that one-of-a-kind stocking stuffer and have $1.9 million burning a hole in your pocket? Design your own diamond ring and travel to Africa to see where the stone came from. That's among the unique offerings for sale in the 87th edition of the Neiman Marcus Christmas Book,... More »

Pink Diamond Sells for $39.3M

Rare gem goes for second-highest price ever for a jewel

(Newser) - A rare pink diamond once owned by Indian royalty has sold for $39.3 million at auction in New York City. The price for the 34.65-carat diamond that sold at Christie's yesterday was the second-highest ever for a jewel sold at auction. The seller and buyer were anonymous.... More »

Now Hot: $500 Candles

Yes, you can spend that much for a high-end scent

(Newser) - The Wall Street Journal declares that the market for luxury candles is one of this year's holiday winners. People are scooping them up as gifts or indulging themselves, thinking nothing of dropping $50, $100, or even, in the case of a particular candle from Cire Trudon of France, close... More »

In Some Stores, Mannequins Are Watching You

Trend is new, but one maker is already selling 'bionic' ones

(Newser) - Here's something to creep out your shopping experience: Store mannequins might be watching your every move. Bloomberg reports that Italian mannequin-maker Almax has begun selling a version whose eyes are cameras. This isn't about trying to curb shoplifting, though. The idea is to more closely track shoppers' likes... More »

Alessandra Ambrosio Unveils $2.5M 'Fantasy Bra'

Victoria's Secret reveals fashion show model after accidental leak

(Newser) - The wearer of this year's Victoria's Secret Fantasy Bra has been revealed—after a bit of an "oops." The company had planned to unveil Alessandra Ambrosio as the lucky gal in its SoHo store tomorrow, but Ambrosio was accidentally seen wearing the bra—a bejeweled contraption... More »

PETA Freaks Out Over 'Trollsen Twins' $17K Bag

Mary-Kate, Ashley 'trolls' for using fur, group says

(Newser) - PETA is irked by Mary-Kate and Ashley Olsen's new designer backpack—and not because it costs nearly $17,000, although you have to admit that is irksome. No, the animal rights organization is upset because the luxury backpack is made with fur, E! reports. "If it looks like... More »

Angry Birds to Launch Luxury Jewelry Line

$290 for the silver Mighty Eagle Ring

(Newser) - The gigantically popular app Angry Birds is extending its brand into ... luxury jewelry? After hitting 1 billion downloads in May and launching successful lines of toys and clothes, game-maker Rovio is testing its merchandise appeal with a more upscale clientele, reports Forbes . The launch item is a $290 silver ring,... More »

This Tiny Dish Just Sold for $26.7M

Sotheby's gets hefty price for 900-year-old Chinese piece

(Newser) - Handle with care: A 900-year-old ceramic dish dating back to China's Song dynasty has sold for $26.7 million at a Sotheby's auction in Hong Kong, reports the AP . It was probably used to clean brushes by a Song scholar back in the day, notes Bloomberg . Only about... More »

Jewelers Unveil All-Diamond Ring

150-carat accessory worth $68M

(Newser) - Swiss jewelers are redefining "diamond ring." Shawish has crafted a piece of jewelry made entirely of diamond—150 carats' worth. What the company calls the "world's first diamond ring" is valued at some $68 million. Given that Kim Kardashian's ring cost just $2 million, the... More »

Luxury Biz Booms Thanks to World's Nouveau Riche

Brazil, Indonesia, China fuel surge for high-end goods

(Newser) - The world economy may be troubled, even in crisis in many areas, but don't tell that to the rich—luxury goods had a great 2011, thanks to all the new millionaires and billionaires, especially from the developing world, reports the Wall Street Journal . Sales at Prada were up 33.... More »

Miami's New Toy: $229K Car

The McLaren officially arrives this week

(Newser) - Car lovers in Miami with cash to burn have a choice new item on the menu, reports the Miami Herald : the Brit import McLaren, which starts at $229,000. A local dealer formally opens its showroom tomorrow, adding to South Florida's reputation as "one of the hottest markets... More »

Bathroom Bling— It's the $130K Toilet

Crystal-covered commode ideal for those flush with cash

(Newser) - Some people can't help pissing away money. And for them, a Japanese company has introduced a $130,000, crystal-covered toilet, reports CNET . Called the Satis, this luxury commode is covered with 72,000 Swarovski crystals, and is on display at the company's Tokyo showroom. "2011 was a... More »

Champagne Gets Out of Its Funk

Shipments from Champagne region rebound

(Newser) - Champagne has got its fizz back: In the first three quarters of the year, France's champagne industry shipped 192 million bottles; tack on the boffo sales that typically occur during the holiday season, and that number will likely rise to levels last seen in 2007, when 339 million bottles... More »

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