Elements, Hong Kong’s latest colossal shopping mall and luxury goods temple, is a living illustration of the city’s bid to lure a new generation of brand-mad spenders from the Chinese mainland.

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The chief executive of Marks & Spencer believes the UK is fast becoming a very divided nation: the rich who live inside the M25 - and the rest.

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The AP reports that “Made In Italy” is going to cost more. Italian designers including Gucci, Armani, Fendi and Versace are finding that it costs more to make fashion in Italy, and prices will begin to reflect that as of next year.

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If you are interested in staying abreast with the latest on how consumers of luxury products and services are using the Internet these days, I recommend reading the press releases of Unity Marketing. The market research studies offer valuable insight as to how this unique buying group uses the great WWW.

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It has not been a Merry Christmas season in the world of luxury goods. Shares in companies ranging from handbag maker Coach to jewellers Bulgari and Tiffany have sunk amid fears that a possible slowdown would cut into sales.

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Less than two decades since the fall of the Soviet Union, the Tsar seems to have returned to Mother Russia.
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Chopard has opened a new flagship store on 709 Madison Avenue in New York, their 100th store internationally and the largest one to date. Designed by famed architect Thierry W. Despont, the Madison boutique features rotating custom LCD screens that display Chopard’s exquisite jewellery range and an eco-friendly design concept which preserves its former townhouse ambience.

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While some will be lucky enough to find boats, cars and diamonds under their tree, retailers say a rare espresso-maker, a topline perfume, a trendy watch, a ventilated handbag and a cool new skateboard are among the most in-demand items this season.

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Want to sport designer handbags and jaw-dropping jewels, fast cars and private jets– it does not matter whether it can be afforded or not when rented luxury has become a part of shopping industry.

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Shopping on the Internet, once primarily a realm for bargain hunters and mid-market buys, is exerting a stronger influence on consumers of luxury products.

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Tom Ford, the designer who revived Gucci Group in the 1990s, said he plans to open two outlets of his year-old retail venture in Moscow next year. Ford and franchisee Mercury Group will offer $5,000 custom- made men’s suits in stores planned for September on Tretyakovsky Passage, a city-center lane of boutiques, and Barvikha Village on the capital’s fringe. The Moscow Tom Ford shops would carry exclusive items for the local market, including sable hats.

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