Luxury French watchmaker Baume is moving away from diamonds and gold towards more eco-friendly materials. As people become more aware of the environmental impact their consumption has, they're buying in line with new values – even for the most luxurious purchases.

Dripping with diamonds might once have been the ultimate status symbol, but these days buying organic is equally likely to win you prestige. Canvas8 spoke with Elizabeth Currid-Halkett, a consumer economy expert, to understand how markers of social status in America are currently evolving.

Retailers’ sustainability initiatives show that shoppers don’t just want cheap, fast fashion – ethical and eco-savvy values are important too. But are visibly mended sweaters and ‘sneaker cleaning’ services just an updated version of the ‘It bag’, or are people ready to adopt low-impact lifestyles?

Luxury automaker Porsche has launched its first electric vehicle. As environmental concerns and advancing technology erode the social status of owning a luxury car, consumer scepticism around EVs seems to be fading, although price remains a significant barrier for many people.