Luxury

What if a perfume bottle cost more than an apartment, and not because of the scent? The Emirati perfume company The Spirit of Dubai created Shumukh, a luxury perfume priced at about $1.295 million for three liters, turning the bottle itself into a work of art.

Yael Shelbia's accessory collection features rare collector's items from leading global fashion houses, including a single bag valued at over 100,000 shekels.

Even the world's wealthiest are not immune to economic shifts. A new report by Julius Baer reveals the rising costs of a luxury lifestyle and how global elites are adapting their financial habits.