Ups and downs in the luxury world. Well….. mostly downs actually. The credit crunch is taking a high toll amongst the luxury suppliers, particularly in luxury automobiles and properties.
Luxury Automobiles
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Up and down could best describe the latest news from the high-end luxury markets. A record price for a single cut diamond was reached at Christies this week – $24.3 million – for an historic blue diamond that was first owned by King Philip IV of Spain. Ouch !
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