Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
It is no longer new thing that everybody are in fun of good materials values and wants to smell good to create a great impression on others. For this reason, the global fragrance, antiperspirant, and deodorant market is expected to top $72.7 billion in 2018. Why are people willing to spend huge sums of money on expensive perfumes? Instyle.com quotes an aromatherapy expert who says that fragrances can change our physical and emotional state. Refreshing perfumes stimulate our olfactory nerve as well as areas of the brain that control our emotions and memories.
Now let’s look at why some perfumes are so expensive. Some of them cost up to several thousand dollars. There are three main reasons that drive up the prices of the most expensive perfumes. These are: rare ingredients, marketing costs, and packaging expenses.
Let’s start with rare ingredients. Many perfumes are made from the musk secreted by a rare animal, or oils obtained from a tree, root, or flower petal. On the other hand, some scents are cheap because they are manufactured using synthetic ingredients created in a lab.
Take the example of Joy perfume by Jean Patou. This scent ranks among the most expensive perfumes because it takes 28 dozen roses and 10,600 jasmine flowers to make a single bottle. The maker derives just 1/25 ounce of oil from 8,000 jasmine flowers. Other rare ingredients included in this perfume include orris, ambergris from sperm whales, oud, and Bulgarian Rose.
The second element that drives up the prices of the most expensive perfumes is marketing and hard-sell. Perfume makers spend a lot of money on ad campaigns and celebrity endorsers. The customer ends up paying for these expenses. The irony is that you may be shelling out for a fragrance that the celebrity promoter may not even be using in real life.
Another strategy used by top perfume brands is to market their product like a fine wine or art. They put only a limited amount of bottles in the market and this exclusivity generates buzz and interest. There are many rich buyers who are willing to shell out an astronomical amount to earn the bragging rights for owning an exclusive bottle of a top perfume brand.
Finally, packaging also plays a big role in the high prices. Some perfume brands package their product in fine and expensive Baccarat crystal bottles. Others place solid gold bobs and bits or diamonds in the bottles and this also boosts up the final price.
Now that you have learnt about the attraction of perfumes and the reasons for the high cost of top brands, let’s get down to the brass tacks and look at the top 10 most expensive perfumes in 2018:
This fragrance was launched in 1981 and continues to be popular today. Its ingredients are a blend of citrus splashes, herbal and sweet, basil, and ylang-ylang. This scent is ideal for evening wear. The bottle is designed attractively in a unique shape. The product is a joint effort by two top companies, Francis Camail and Annick Goutal, and it is still creating waves decades after its introduction.
This is a floral scent for women that was launched in 2001. Its ingredients include green notes, freshly cut tuberose, and oriental flowers packaged in a beautiful hand cut bottle that can light up any vanity or dresser. JAR stands for Joel A. Rosenthal, a jeweler, who is the brainchild behind this item.
Jean Patou is a top brand in the perfume industry. He made Joy doubly explosive by adding two times the amount of ingredients which include 10,000 Grasse jasmine flowers, tuberose, ylang-ylang, Bulgarian rose, and 28 dozen roses. The jasmine flowers are harvested in a period of two weeks in summer in the town of Grasse, France. One of the main reasons for its high price is that only 50 limited edition bottles of Joy are made each year.
Joy has an interesting history. It was originally created by Henri Almeras who collaborated with Jean Patou in 1929 to produce this awesome fragrance. The scent has the power to remove depression and make the wearer feel lively and joyful. No wonder, it continues to be sought after even today.
This unique fragrance was created in 1954 to commemorate 50 years of fragrance production by Caron. It is an intriguing scent that combines a spicy peppery smell (poivre means pepper in French) with a woody base and rich floral heart. The result is a brave, strong, and bracing unisex perfume that is delightfully packaged in an appealing handcrafted Baccarat bottle embellished with a luxurious white gold collar and crystal.
The high price of this perfume is because only 1,000 exclusive bottles have been created. The unforgettable fragrance is the result of the combination of iris, sandalwood, ambergris, vanilla, ylang-ylang, patchouli, tiare flower, jasmine, and orange blossom ingredients. These ingredients combine to create a long-lasting, soothing scent that elevates the mood. The perfume gets its name from the address of Hermes’ flagship store in Paris. It was created by Bernard Bourjois and Maurice Roucel, and packaged in elegant 1-oz St. Louis crystal bottles.
Clive Christian is a top maker of quality perfumes. He has created a number of popular scents among which the No. 1 takes the cake. This perfume was rated the most expensive fragrance in 2001 and 2006 when its original editions were launched. There are two flavors: Floral Oriental for women and Woody Oriental for men.
There is good reason for this fragrance’s luxurious smell. Its top notes are made from thyme, cardamom, Sicilian mandarin nutmeg, lime, and bergamot. The heart notes are a combination of lily of the valley, rose, jasmine, ylang-ylang, and heliotrope. The base notes are a result of vetiver, vanilla, amber wood, cedar wood, and sandalwood. This enchanting perfume is packaged in a handmade crystal bottle that has a neck made of 24-karat gold-plated sterling silver, set with a solitaire.
Perhaps the most famous brand in the perfume industry, Chanel, created this amazing scent in 1921. It has become a treasure that is sought after by fragrance collectors and perfume connoisseurs. This feminine fragrance exudes the smell of fresh abstract flowers. It is packaged attractively in a masterly piece of artwork.
In 1921, Coco Chanel wished to create a unique perfume that cannot be copied. Designer Ernest Beaux obliged her by using expensive ingredients of that time such as superior ylang-ylang, Rose de Mai, and jasmine from Grasse. The fragrance was then enhanced with its signature feature which is a 1% overdose of aliphatic aldehydes, a chemical that improves scents.
Baccarat was originally a maker of impeccable crystal products and it entered the fragrance industry in the 1990s. This item is part is of its three exclusive limited-edition perfumes. Its fragrance is the result of a combination of myrrh, frankincense, musk, sandalwood, myrtle, basil, cardamom, ylang-ylang, geranium, jasmine, and amber, packaged delightfully in a unique pyramid-shaped crystal bottle.
The fragrance’s name means “Sacred Tears of Thebes” and it was designed by Christine Nagel. One of the main reasons why it is so expensive is because the bottle is handmade by Baccarat experts and is capped by an amethyst crystal. The bottle has a bubble of yellow crystal blown inside that hosts the scent.
This enchanting and sophisticated fragrance for women is created by a combination of ingredients including Tahitian vanilla, ylang-ylang, rosa centafolis, Italian cinnamon, jasmine, orris root, and rose oil. You are sure to feel like the Greek goddess of love and beauty, Aphrodite, when you wear this perfume.
The fragrance is a creation of the renowned perfumer Roja Dave. Its highlight is the unique bottle that is a made of a material that is very hard to work with as it can easily break during the production process if due care is not maintained. The bottle’s neck is made of 18-carat gold inset with a five-carat brilliant-cut diamond.
This record-breaking most expensive perfume was jointly created by renowned designer DKNY in collaboration with noted jewelry designer Martin Katz. The main reason for the exorbitant price is the one-of-a-kind bottle that contains a 2.43-carat yellow Canary diamond in the cap, 4.03-carat rose-cut diamond, 3.07-carat oval-cut ruby, 1.06-carat Paraiba tourmaline from Brazil, 4 rose-cut diamonds, 15 stunning pink diamonds from Australia, 7.18- carat oval Cabochon sapphire from Sri Lanka, 2,700 white diamonds, and 183 yellow sapphires.
Each stone was carefully hand placed and the entire manufacturing process took about 1,500 hours. But the hard work and diligence was worth it as the end result is a stunning image of the New York City skyline. This million-dollar perfume was created for a noble cause as the sale proceeds were donated to the ‘Action Against Hunger’ charity organization.
Now let’s look at why some perfumes are so expensive. Some of them cost up to several thousand dollars. There are three main reasons that drive up the prices of the most expensive perfumes. These are: rare ingredients, marketing costs, and packaging expenses.
Let’s start with rare ingredients. Many perfumes are made from the musk secreted by a rare animal, or oils obtained from a tree, root, or flower petal. On the other hand, some scents are cheap because they are manufactured using synthetic ingredients created in a lab.
Take the example of Joy perfume by Jean Patou. This scent ranks among the most expensive perfumes because it takes 28 dozen roses and 10,600 jasmine flowers to make a single bottle. The maker derives just 1/25 ounce of oil from 8,000 jasmine flowers. Other rare ingredients included in this perfume include orris, ambergris from sperm whales, oud, and Bulgarian Rose.
The second element that drives up the prices of the most expensive perfumes is marketing and hard-sell. Perfume makers spend a lot of money on ad campaigns and celebrity endorsers. The customer ends up paying for these expenses. The irony is that you may be shelling out for a fragrance that the celebrity promoter may not even be using in real life.
Another strategy used by top perfume brands is to market their product like a fine wine or art. They put only a limited amount of bottles in the market and this exclusivity generates buzz and interest. There are many rich buyers who are willing to shell out an astronomical amount to earn the bragging rights for owning an exclusive bottle of a top perfume brand.
Finally, packaging also plays a big role in the high prices. Some perfume brands package their product in fine and expensive Baccarat crystal bottles. Others place solid gold bobs and bits or diamonds in the bottles and this also boosts up the final price.
Now that you have learnt about the attraction of perfumes and the reasons for the high cost of top brands, let’s get down to the brass tacks and look at the top 10 most expensive perfumes in 2018:
10. Annick Goutal Eau d’Hadrien – $441.18 per ounce
This fragrance was launched in 1981 and continues to be popular today. Its ingredients are a blend of citrus splashes, herbal and sweet, basil, and ylang-ylang. This scent is ideal for evening wear. The bottle is designed attractively in a unique shape. The product is a joint effort by two top companies, Francis Camail and Annick Goutal, and it is still creating waves decades after its introduction.
9. JAR Bolt of Lightning – $765 per ounce
This is a floral scent for women that was launched in 2001. Its ingredients include green notes, freshly cut tuberose, and oriental flowers packaged in a beautiful hand cut bottle that can light up any vanity or dresser. JAR stands for Joel A. Rosenthal, a jeweler, who is the brainchild behind this item.
8. Joy by Jean Patou – $850 per ounce
Jean Patou is a top brand in the perfume industry. He made Joy doubly explosive by adding two times the amount of ingredients which include 10,000 Grasse jasmine flowers, tuberose, ylang-ylang, Bulgarian rose, and 28 dozen roses. The jasmine flowers are harvested in a period of two weeks in summer in the town of Grasse, France. One of the main reasons for its high price is that only 50 limited edition bottles of Joy are made each year.
Joy has an interesting history. It was originally created by Henri Almeras who collaborated with Jean Patou in 1929 to produce this awesome fragrance. The scent has the power to remove depression and make the wearer feel lively and joyful. No wonder, it continues to be sought after even today.
7. Caron Poivre – $1,000 per ounce
This unique fragrance was created in 1954 to commemorate 50 years of fragrance production by Caron. It is an intriguing scent that combines a spicy peppery smell (poivre means pepper in French) with a woody base and rich floral heart. The result is a brave, strong, and bracing unisex perfume that is delightfully packaged in an appealing handcrafted Baccarat bottle embellished with a luxurious white gold collar and crystal.
6. Hermès 24 Faubourg – $1,500 per ounce
The high price of this perfume is because only 1,000 exclusive bottles have been created. The unforgettable fragrance is the result of the combination of iris, sandalwood, ambergris, vanilla, ylang-ylang, patchouli, tiare flower, jasmine, and orange blossom ingredients. These ingredients combine to create a long-lasting, soothing scent that elevates the mood. The perfume gets its name from the address of Hermes’ flagship store in Paris. It was created by Bernard Bourjois and Maurice Roucel, and packaged in elegant 1-oz St. Louis crystal bottles.
5. Clive Christian No. 1 – $2,150 per ounce
Clive Christian is a top maker of quality perfumes. He has created a number of popular scents among which the No. 1 takes the cake. This perfume was rated the most expensive fragrance in 2001 and 2006 when its original editions were launched. There are two flavors: Floral Oriental for women and Woody Oriental for men.
There is good reason for this fragrance’s luxurious smell. Its top notes are made from thyme, cardamom, Sicilian mandarin nutmeg, lime, and bergamot. The heart notes are a combination of lily of the valley, rose, jasmine, ylang-ylang, and heliotrope. The base notes are a result of vetiver, vanilla, amber wood, cedar wood, and sandalwood. This enchanting perfume is packaged in a handmade crystal bottle that has a neck made of 24-karat gold-plated sterling silver, set with a solitaire.
4. Chanel Grand Extrait – $4,200 per ounce
Perhaps the most famous brand in the perfume industry, Chanel, created this amazing scent in 1921. It has become a treasure that is sought after by fragrance collectors and perfume connoisseurs. This feminine fragrance exudes the smell of fresh abstract flowers. It is packaged attractively in a masterly piece of artwork.
In 1921, Coco Chanel wished to create a unique perfume that cannot be copied. Designer Ernest Beaux obliged her by using expensive ingredients of that time such as superior ylang-ylang, Rose de Mai, and jasmine from Grasse. The fragrance was then enhanced with its signature feature which is a 1% overdose of aliphatic aldehydes, a chemical that improves scents.
3. Baccarat Les Larmes Sacrees de Thebes – $6,800 per ounce
Baccarat was originally a maker of impeccable crystal products and it entered the fragrance industry in the 1990s. This item is part is of its three exclusive limited-edition perfumes. Its fragrance is the result of a combination of myrrh, frankincense, musk, sandalwood, myrtle, basil, cardamom, ylang-ylang, geranium, jasmine, and amber, packaged delightfully in a unique pyramid-shaped crystal bottle.
The fragrance’s name means “Sacred Tears of Thebes” and it was designed by Christine Nagel. One of the main reasons why it is so expensive is because the bottle is handmade by Baccarat experts and is capped by an amethyst crystal. The bottle has a bubble of yellow crystal blown inside that hosts the scent.
2. Clive Christian No. 1 Imperial Majesty Perfume – $12,721.89 per ounce
This enchanting and sophisticated fragrance for women is created by a combination of ingredients including Tahitian vanilla, ylang-ylang, rosa centafolis, Italian cinnamon, jasmine, orris root, and rose oil. You are sure to feel like the Greek goddess of love and beauty, Aphrodite, when you wear this perfume.
The fragrance is a creation of the renowned perfumer Roja Dave. Its highlight is the unique bottle that is a made of a material that is very hard to work with as it can easily break during the production process if due care is not maintained. The bottle’s neck is made of 18-carat gold inset with a five-carat brilliant-cut diamond.
1. DKNY Golden Delicious Million Dollar Fragrance Bottle – $1 million
This record-breaking most expensive perfume was jointly created by renowned designer DKNY in collaboration with noted jewelry designer Martin Katz. The main reason for the exorbitant price is the one-of-a-kind bottle that contains a 2.43-carat yellow Canary diamond in the cap, 4.03-carat rose-cut diamond, 3.07-carat oval-cut ruby, 1.06-carat Paraiba tourmaline from Brazil, 4 rose-cut diamonds, 15 stunning pink diamonds from Australia, 7.18- carat oval Cabochon sapphire from Sri Lanka, 2,700 white diamonds, and 183 yellow sapphires.
Each stone was carefully hand placed and the entire manufacturing process took about 1,500 hours. But the hard work and diligence was worth it as the end result is a stunning image of the New York City skyline. This million-dollar perfume was created for a noble cause as the sale proceeds were donated to the ‘Action Against Hunger’ charity organization.
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