Luxury Goods

Luxury goods refer to high-quality products that are not essential for living but are associated with wealth, status, and prestige. These items often come with a high price tag and are known for their superior craftsmanship, exclusivity, and brand reputation. Examples include designer clothing, high-end watches, luxury automobiles, fine jewelry, and premium cosmetics. Luxury goods tend to appeal to consumers who seek quality and distinctiveness, often serving as symbols of personal success and affluence. The market for luxury goods is characterized by its focus on exceptional service and the experience of ownership, rather than mere functionality.