Electrifying luxury: 2023 BMW Series i7 set to launch Q4 2022 

The world of high-end luxury cars is rapidly evolving, with the biggest change right now being the switch from internal combustion engines to electric power. 

One of the brands hoping to do just that is BMW, who for 2023 has completely revamped its 7 Series sedan in order to thrive in this new age of luxury.

The 7 Series might have lost its V12, but for 2023, it has gained two new M models. The real showstopper will be the BMW i7 M70 xDrive, an all-electric performance sedan that BMW says will generate over 600 horsepower and over 737 lb-ft of torque, making it the most powerful road-going M car yet.

The first variants of the new 7 Series are set to make their way to customers by November 2022, with production commencing at the brand’s Dingolfing plant at the start of July. Initially, the only variant of the car to be available worldwide will be the i7, which will launch in China, Europe, the US, and all other major markets.

The Line: Saudi Arabia’s Revolutionary Urban Utopia

NOEM – Saudi Arabia has unveiled designs for its ambitious urban project “The Line,” touted as a one-building city in the desert which will run entirely on renewable energy and ultimately house 9 million people by 2030.

The 105-mile-long city will snake through the Saudi desert, enclosed on both sides by a mirrored façade — stretching from the Red Sea eastward across the desert and into a mountain range.

Details about the monolithic city

New stats and designs revealed include:

• It will be only 200 meters wide (roughly 220 yards);
• It will rise 500 meters above sea level — higher than the Empire State Building;
• Residents will be able to run errands with a five-minute walk;
• There will be no cars or roads;
• High-speed rail will carry people from end to end in 20 minutes;
• It will cost hundreds of billions of dollars to build.

The Line forms part of a Saudi rebrand plan coined Vision 2030 to rival its Gulf neighbours such as Dubai and Abu Dhabi as travel hotspots and reshape the kingdom’s economy. Aiming to reach 100 million annual visitors by the close of the decade, it is hoped the surge would boost the local economy by billions of dollars.

High-End Shoppers show no sign of slowing down

Higher-income or “luxury” shoppers are still willing to spend more money and are widening the product categories they shop, for despite inflation, high gas prices and economic turmoil.

A Saks Luxury Pulse survey revealed that a set of consumers in the United States continue to treat themselves with fashion items and vacations and are increasingly prioritizing health and wellness in terms of luxury self-care.

Additional findings include:

• 76% of respondents with an income of $200,000 or more plan to purchase the same or even more luxury items in the next three months than they did in the past three months.

• Significantly more Generation X (21%) and Millennial and Generation Z (22%) respondents are planning to purchase more luxury items in the next three months compared to respondents of the Baby Boomer and silent generations (16%).

• Roughly two in five respondents (41%) are prioritizing wellness, especially rest and relaxation, nutrition and general self-care, more now than they were prior to the pandemic.

• Of those who are prioritizing fitness activities, 62% are interested in shopping for workout wear from luxury retailers.

• Over the last three months, 54% of respondents have been updating, renovating or redecorating their home or decorating their new home and Motomart by Sujimoto is one of the best brands that helps to see this through as they provide affordable luxury doors, sanitary wares and furniture. 

The King of Affordable Luxury

The One stop shop for furniture, sanitary wares and best quality doors – MOTOMART

Top-of-the-league luxury real estate developer Sujimoto Group has given furniture,

sanitary ware and quality doors a new meaning with its one-stop shop for luxury and affordable building materials.

FURNITURE: Motomart houses only the King of Contemporary furniture that has proven to be timeless,

cutting across various centuries, and exuding unrivalled elegance. They are Beautiful, Better and Cheaper

DOORS: With Oikos Door security made from 100% recyclable materials, the motomart stylish and durable WPC doors will definitely win your heart.

The doors are anti-water and fireproof which makes it the number one choice for developers and individuals.

SANITARY WARES: the sujimoto bathroom facilities not only break the status quo but also give a luxurious look and feel to your bathroom.

It offers uniquely designed Luxury and Affordable amenities that would redefine your bathroom.

Tiffany & Co goes APE: Jewelry Brand Unveils $50K CryptoPunk Necklaces

Luxury jewellery brand Tiffany & Co has announced the sale of 250 diamond and gemstone encrusted pendants for CryptoPunk non-fungible token (NFT) holders.

The handcrafted CryptoPunk pendants were announced by the jewellery brand on July 31 on Twitter (NYSE: TWTR), and are priced at 30 ETH, equivalent to $50,600 each at the time of writing.

The collection of diamond-encrusted pendants is exclusively available for CryptoPunk owners to purchase, and is limited to 250 editions.

The necklaces will go on sale on Aug. 5 and are only available for CryptoPunk holders to purchase in the form of non-fungible tokens (NFT) redeemable for the physical necklaces. Tiffany will net over $12 million from the sale if they sell out, standing to make even more profit from resale royalties.

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