It was a good year for many Americans and the luxury industry. For the “have’s” this Holiday season, gift giving of extravagance is at an all time high. If you are not wealthy, like myself, you may wonder what exactly someone who spares no expense at the Holidays gives to someone they love.
Splurging wealthy New York City gift givers will be placing some of these items under the tree:
$5,000 in jewelry from Coco Raynes.
$7,000 mink coats$1 Million in private jet time.
$10,000-$20,000 for makeovers
$20,000 necklaces
$50,000 diamond ring, made of 2 Canary Diamonds.
It’s really amazing when you think about it. While I might love to have a $50,000 Canary Diamond ring, I can’t imagine the guilt I would feel walking by New York’s homeless on a cold winter’s night or watching the news and hearing about Hurricane Katrina victims who are still homeless. I’m sure that those who live in the luxury lifestyle don’t bat an eyelash at the prices they pay for extravagant gifts, but from an outsider looking in, it’s really quite baffling.
For the rest of us with "normal" shopping budgets, take a peak at E! televisions "Shopping With The Stars" see what celebrities star are getting this holiday season.
If you had $50,000 to spend on a gift, what would you give?
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