The Luxury Index 2007

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Glass
Best known for her provocative sculptures of women and nature-inspired prints, artist Kiki Smith is teaming up with Steuben to help the 104-year-old glassmaker explore its inner edginess. The lead-crystal collection includes sculptures with detachable jewelry—which can be worn separately—and a limited-edition vase ($60,000). And Smith has persuaded the company, which prides itself on precision etching, to go loosey-goosey with the engraved snakes twisting around its vases, with the result that no two pieces are alike. It's a tabletop fit for a museum.

Best Foot Forward

The Ferragamo family built its fortune on shoes, but the tight-knit clan is stepping boldly into a new era, with a new managing director and plans for a public offering

How They Spend It

Warhols and Petus wines should suffice, but today's über-rich want something nobody else has, literally

Photo Gallery: Edge of Night

The demure 1950s debutante look is now more punk than prim

Style & Design: The Global Luxury Survey

How the best brands measure up in China, India and Russia

Style & Design: Visionaries

TIME Style & Design looks at the future through the eyes of the most creative icons and thinkers in their fields

The Style & Design 100

Good design is everywhere these days. Great design is more elusive. Take a look at the standouts