What is Luxury? Imagine a billionaire who owns a Rolls-Royce Phantom worth around $700,000 and a Boeing BBJ 777X valued at about $449 million. Now consider this: could a Kashmiri Kani Shawl priced at just $1,500 or a pair of handcrafted Italian leather gloves priced at around $1,200 still be luxury items for someone like him? The answer is yes – absolutely. A luxury item does not have to carry a million-dollar price tag. Even something that costs $1,000 or $1,500 can be considered a luxury product. The world offers countless objects with extraordinary price tags, but price alone does…