There's luxury. And then, there's LUXURY. The men's watches and accessories designer, Roland Iten, falls into the latter. This company has started an uber-luxury product line of hi-precision, solid-gold, mechanical belt buckles. These fine trouser-accessories will cost you a whooping $25,000. Think, Swiss-made watches... only for your slacks.
Implications - Despite recession, many affluent consumers continue to indulge in luxury goods and are spending more on extravagances, from high end fashions to luxury vacations. Because this market is still alive and well, high end products created for luxury-lovers, like this belt buckle, are still able to thrive in the face of economic turmoil.