A look at how the pandemic has affected the luxury sector - Business Insider

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$95,000 bespoke fragrances, $350 vintage reds, and an unseasonable boost in engagement rings: Some high-end sectors have been seeing a surge during the pandemic

During lockdown, many wealthy Americans saw little impact on their incomes.

There was only one problem: The couple was currently on their yacht, moored off Monte Carlo, but were leaving for the waters near Formentera by the end of day. Would the package containing the crystal bottle of liquid engraved with his wife's initials make it to the dock in time? Krigler managed to ensure it did and the couple cast off, package in hand, to continue their wandering around the Med.

"They told me, 'I want to feel like I'm going from the Ritz in Paris to Cap d'Antibes or Capri – create something that makes me feel like I'm going there,'" Krigler explained. Other clients have even admitted to him that lockdown has been lucrative. One real estate mogul told the perfumer that their net wealth had boomed thanks to rents still being paid but their own overheads vanishing, and so they felt able to treat themselves to a bespoke scent.

Per Moran, proposals usually begin after Labor Day, but the engagement schedule started earlier this year. "I think as people realized that things were going to be like this for a while, they decided to stop putting big life decisions on hold, like getting engaged," he said.People are stuck at home, it's depressing, and let's face it, fine jewelry brings joy to pretty much everyone. They want a statement piece to say: I got through this terrible time, I earned this.

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The predator class has obviously raped (not a typo) the benefits while the rest of the general populations are left to grovel for help!!! This is reprehensible & it's time 4a change!! TaxTheRich EatTheRich

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