Key Points
People want to gift experience instead of a physical thing...
Nicole Pollard, founder of luxury styling firm Lalaluxe told 'Business Insider', "For the person that has everything, why not have diamonds on your handbag too?.
Winston Chesterfield, founder of London-based consulting firm Barton told New York Post that some of his uber-rich clients believe physical items are out of style this holiday season..
Chesterfield said that one of his clients decided to rent a private island in the Caribbean for two weeks instead of giving another Rolex watch or Moncler coat...
The uber-rich people are gifting experiences instead of physical things to their loved ones..
