The pandemic-era luxury boom appears to be coming to an end - with the price of high-end investments like Rolex watches and diamonds falling. During the years of lockdowns, demand surged for designer handbags, precious jewelry, fine wines and pre-owned timepieces as stuck-at-home shoppers found themselves with excess capital to splurge on luxury goods. But as interest rates hover at 22-year highs amid lingering , and households are increasingly feeling the pinch, the luxury surge seems to be slowing - and bringing down the value of items with it.
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