What is luxury? How does strategy in the luxury sector work? And what can it teach other brands? Marco Bevolo, one of the authors of Premium by Design: how to understand, design and market high end products, provides a vision of the business of prestige, desire and seduction.

Bangalore is leading the redefinition of luxury living in India, largely due to its reputation as the IT capital. "Bangalore accounts for roughly 5% of the senior management category in the IT sector, who aspire to a lavish lifestyle," explains Vestian's Shrinivas Rao.

As the Indian middle class continues to expand, Moët Hennessy is capitalising. It's creating a new line of sparkling wines made from Indian grapes that embody both affordable luxury and the country’s proud heritage.

Insurance giant Allianz will start offering intrepid travellers new space travel policies from the start of next year to coincide with the launch of Virgin Galactic, the spaceflight company owned by Richard Branson's Virgin Group.