Saturday 11 December 2010

Indian Billionaires to Buy 'World's Most Expensive Suit'

India's fast-growing ranks of billionaire and multi-millionaire tycoons will soon be able to wear the world's most expensive clothes after an Anglo-French clothier announced the launch of an £80,000 suit.

Dormeuil, which makes 80 per cent of its fabrics in Britain, said it will launch six suit fabrics, including the 'Vanquish II', hailed as the world's most expensive suit. It is made of Vicuna, Qiviuk and Pashmina threads and woven into a super-light wool.

The launch is another milestone in India's extraordinary economic growth and reflects the rise of a new class of super rich.

In the last year alone, India has welcomed 69 new billionaires and witnessed a steep rise in the number of millionaires with its economy growing 8.9 per cent in the quarter ending September 30 alone. The rise has seen a surge in demand for luxury goods. >>> Dean Nelson | Friday, December 10, 2010