New Delhi, Dec. 25 -- Luxury cars and jewellery have emerged as the top two avenues of luxury consumption among Ultra High Net-worth Individuals (UHNIs), according to a report by Nuvama.

The report highlighted that 58 per cent of UHNIs spend on luxury vehicles, while 53 per cent prefer jewellery, making them the most favoured categories for high-end consumption.

The report noted that UHNI spending is driven by a preference for assets that represent enduring value. These include luxury automobiles, finely crafted jewellery, elegant timepieces and bespoke experiences. It added that consumption patterns among UHNIs are often quiet and deliberate, reflecting a strong sense of legacy rather than an overt display of wealth.

When it comes to ...