It's been a tough year for luxury goods, as a sluggish global economy, uncertainty about the presidential election and wild currency swings have weighed on wealthy shoppers' appetites for high-end items.
Handbags, jewelry and other personal luxury goods have been hit particularly hard, with Bain and Altagamma predicting revenues in this subcategory will fall 1 percent in 2016. That compares with 4 percent expected growth for the overall luxury goods market, being driven partly by a boost in spending on hotels and other experience-driven purchases.
Regardless of economic jitters, well-heeled shoppers will be on the hunt for the perfect holiday gifts for their loved ones. Ideas include fresh takes on perennial favorites (think jewelry and supercars), and unique experiences that won't be forgotten.
We have included links to buy the products we are highlighting. In some cases, if you purchase an item from our link, we will collect a small percentage of the sale. This has no impact on editorial decisions about what we are recommending. Proceeds from these sales will be donated to the Council for Economic Education, which supports economic and financial education.
Here is a list of gifts that are sure to wow.