But perhaps the most powerful driver of fast-rising luxury fashion prices is the fact that there are simply more people who are able to pay up.
The number of high-net-worth individuals (HNWIs) in the world increased by 9.2 percent in 2012 to 12 million people, with combined total assets of $46.2 trillion, according to a report by Capgemini, a management consultancy. North America still hosts the largest number of HNWIs (3.73 million people, up 11.5 percent year-over-year, with $12.7 trillion in assets, up 11.7 percent year-over-year), but the number of HNWIs in the Asia-Pacific region increased by 9.4 percent, during the same period, to 3.68 million, with total assets up 12.2 percent to $12 trillion.
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