Luxury goods refer to products that are not only of high quality but also come with a significant price tag, often associated with exclusivity and prestige. These items can range from designer clothing to fine jewelry, appealing to consumers who seek status and sophistication in their purchases. The market for luxury goods has expanded globally, with brands like Louis Vuitton and Gucci leading the way. Consumers are often willing to pay a premium for these products, as they symbolize wealth and success. The allure of luxury goods continues to thrive, driven by trends and the desire for unique, high-quality items.