The Luxury Index 2007

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Limited Edition
Nothing says luxury like limited edition. From fragrance to footwear, designers are upping the ante with exclusive offerings. Look for Diesel Fuel for Life, two new fragrances packaged in refillable waist-worn chains ($75) in brushed metal and gold. The women's scent has notes of jasmine, patchouli, black currant and crème de cassis, while the version for men packs a punch of raspberry. Dolce & Gabbana's men's sneakers ($575) made with lamé and patent leather pairs luxury and sport. With just 5,000 pairs available worldwide, the sneakers come with a unique number stamped on the heel for the ultimate in exclusivity.

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