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  • China, Hong Kong, marina and skyline, aerial view

    The booming demand for luxury yachts in Asia’s financial capital Hong Kong, largely fueled by wealthy mainland buyers, is pushing the rental price of marina berths located across the city’s coastline up to record levels.

  • Tower Bridge and City of London financial district

    Rinat Akhmetov, Ukraine’s richest man, has bought the UK’s most expensive flat at the One Hyde Park residential development in London’s Knightsbridge, the FT reports.

  • The backside of a Patek Philippe watch is pictured in a mirror.

    Spending by rich Americans on luxury goods is set to grow by $26.6 billion in 2011, with the number of affluent families planning to spend more almost doubling in the past three years, a poll found Friday.

  • When the downturn struck, the tide turned for the recreational boat industry, with boat sales plunging 55 percent from pre-recession levels a record low in 2010. Buyers grew more price conscious and turned to the pre-owned boat market in search of deals. Sales have been strong in the value end of the market, although recovery has been spotty throughout, industry players say. With the boat industry cautiously steering towards recovery, the distress sales and pre-owned boats that flooded the marke

    With the boating industry forced to trim costs and woo a more value conscious consumer, there’s a boat for every budget.

  • china_shoppers_200.jpg

    China is on the verge of overtaking Japan as the world’s largest consumer of luxury goods, spending $13 billion, or 22 percent of the world total, in 2010.

  • diamond_ring_200.jpg

    There is one market, far away from Asia, which may surprise in 2011: the USA, according to Frederic de Narp, CEO and President of diamond giant Harry Winston.

  • European pharmaceutical stocks are cheap, offer high dividend yields and current valuations provide a good opportunity for investors to enter the sectors, Ana Armstrong, managing partner and head of portfolio strategy at Armstrong Investment Managers told CNBC.

  • ohn Galliano and his lawyer Stephane Zerbib arrive at a police station .

    Likely motivated by equal parts love and admiration and morbid curiosity, fashion insiders descended Sunday on a tony Paris townhouse to see what could very well be the last ever collection by John Galliano.

  • The grand opening Louis Vuitton shop in Hong Kong.

    LVMH, the French luxury goods conglomerate, is to take a controlling stake in Bulgari, the Italian jewelry house, in an all-share deal, the Financial Times reported.

  • Jason Wu

    Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.

  • Woman purse shopping

    Greater China may represent a significant portion of sales for leading luxury brands Louis Vuitton, Gucci and Bulgari, but Aaron Fischer, regional head of consumer research at CLSA Asia Pacific Markets, believes Hong Kong-listed retailers are better positioned to capture the mainland’s demand for high-end merchandise.

  • A mdoel walks the runway for Luca Luca Fall 2011 at The Stage at Lincoln Center, New York City.s

    Nordstrom's decision to acquire online retailer HauteLook is just the latest example of the shake-up that is going in the designer goods market. Fashion designers are scrambling to play catch up with their online strategies now that more luxury customers are demanding it.

  • BMW

    It's probably the number one auto question I get this time of year. No, it's not about what new models will pop up at the Detroit Auto Show in January.

  • Luxury yoga-wear manufacturer Lululemon, soaring on a blowout quarter, garnered a “neutral” rating from one analyst and an “outperform” from another on CNBC Thursday. Why?

  • holiday_shopper7.jpg

    Few companies were clobbered harder than Starbucks in the recession. The coffee chain with outposts on every corner came to represent all that was wrong with American businesses and shoppers: unchecked expansion, self-indulgence and mindless credit-card swiping.

  • shopping.jpg

    NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.

  • brookstone store

    Luxury consumers are more willing to indulge this holiday season, but they are doing so with value in mind, according to Ronald Boire, president and CEO of retailer Brookstone.

  • Visitors walk past a yacht displayed at the International Boat Show in Shanghai, 08 April 2005.

    Forget entertaining clients in karaoke bars.  These days, Chinese businessmen are more likely to be talking deals on luxury boats.

  • Eclipse.jpg

    When buying a boat, there is but one fundamental principle to follow, according to those who already have some cash moored somewhere nice: enjoy it.

  • The well-made Italian suit found its way on the backs of more and more affluent Chinese men this year, as China topped the US in sales from luxury suit maker Ermenegildo Zegna Group.