Nairobi, March 6 -- The stock market in Kenya has been see-sawing. But, what about investing in the luxury industry? This is buying luxury shares and non-traditional assets. Luxury goods are Veblen goods whose demand increases due to their exclusive nature and appeal as a status symbol.

For instance, the Patek Philippe watch is a worthy buy, as the company recently added prices to its timepieces by $10,000 (Sh1.43 million) and it is likely to hold and increase in value over time. Hermes group, creator of the famous, most desired and most counterfeited bag, the Birkin bag recently had its market value soar past 200 billion euros, surpassing the Swiss drugmaker Novartis AG.

But are there Kenyans who have invested in shares of luxury brand...