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The growing fortunes of the 1 percent weren't enough to combat a slowdown in luxury sales over the past year.
Prices in luxury real estate dipped in the third quarter as investors fear a volatile market.
Here are three ways to escape the daily city grid without bothering with all the travel.
Ewan Venters, CEO of Fortnum & Mason, talks about the luxury retail market and his expectations for growth thanks to online sales being up 22 percent.
Prada reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country's economic growth slowed.
For years now, China's wealthy have been exploring the subtler side of Western status like the manners and the esoteric cultural knowledge to match.
A rare red 1956 Ferrari 290 MM race car sold at the RM Sotheby's auction.
Turns out, a lot of people are lining up for luxury car models in December, Experian says.
The luxury watch maker is suffering from a drop in demand in markets such as Hong Kong, mainland China, Russia and the US.
The gold and diamonds of Cartier are so popular with women that the brand is finding it difficult to market watches to men.
The wedding planner plays a key part as the industry gets bigger and fatter.
No longer the preserve of the super-rich, upper middle class Indians are also looking to outsource their big day to planners
Rare classic cars have skyrocketed in value, demand is mushrooming, and financial advisors are racing to protect clients' investments.
Many of the fastest-appreciating cars in the collectibles market are foreign sports cars, making them a good bet for investors.
The hyper car sells before being revealed to the public.
Mercedes Abramo, Cartier N.A. CEO, reveals Cartier's dazzling diamond and gem collection, and weighs in on the pulse of the luxury consumer.