When it comes to holiday gift-giving, no one may have it harder than the world's growing ranks of the uber-rich.
That's because these superwealthy citizens are under pressure to find one-of-a-kind holiday gifts that will wow their friends and family. Run-of-the-mill diamond necklaces from Tiffany's just won't cut it. Instead, the wealthy want to provide a "bespoke" item or experience, meaning something that's handmade and unique, experts say.
"More and more, it's either about having something that is bespoke -- so that you can be totally certain that not only is it of the finest quality and standards but the recipient will be the only one to have it -- or it's about being the first to have certain items," said Marcel Knobil, the founder of VeryFirstTo, a site that specializes in luxury products and experiences.
Often, that means the rich are leaning toward giving expensive trips or experiences as holiday presents, although plenty of custom-made jewel-encrusted swag is also on offer this season. The ranks of the world's billionaires have exploded during the past two decades, leading to comparisons's with the last century's Gilded Age. More than 900 self-made billionaires have created fortunes worth more than $3.6 trillion during the past two decades, according to PricewaterhouseCoopers.
When it comes to travel, companies are courting the uber-wealthy with custom-made vacations and specially tailored airline trips, such as Etihad Airways' The Residence, which is described as the "only three-room suite in the sky." For more than $60,000 for a round-trip ticket between New York and Abu Dhabi, travelers are treated to their own butler and private chef.
"There's a high-net-worth philosophy that it's not necessarily about having," Knobil said. "It's about what you do and enriching you and your family's life, and weaving your experiences with a really special life journey."
Read on to learn about 7 holiday gifts for when money is no object.