A Rocky Patch for Lab-Grown Diamonds
But as a capital venture investment, the synthetic gems have been a lot less successful, with millions of euros lost — and plunging prices for lab-grown diamonds, which the industry refers to as L.G.D.
'We're seeing a small handful of very large producers in China and India ramping up production with faster, better processes, and every time they do that, the per unit cost becomes lower and lower,' said Paul Zimnisky, a New York diamond analyst.
'From January 2015 through January 2025, L.G.D. prices have dropped by 85 percent,' he said. 'Today, you can get a nice one-carat ideal round lab-grown diamond for $900. The natural equivalent would be about $5,000. A three-carat synthetic would cost about $4,000, and for the natural, you're looking at $50,000 to $60,000. So they're now running about 90 percent less than natural.'
To protect both their brand integrity and their core business, retailers and brands that sell high-end natural diamond jewelry or high jewelry watches have a vested interest in defending natural diamonds — so observers agree it is unlikely that houses such as Bulgari, Cartier and Chopard would ever use synthetic gems in their watches. As Stéphanie Sivrière, the creative director of jewelry and watches at Piaget, said in a recent interview, 'It wouldn't be authentic to the DNA of our maison.'
But when it comes to midrange or entry-level luxury timepieces, lab-grown diamonds, used in small quantities for dial markers or accents on bezels, seem to make sense.
'The products we have that feature lab-grown diamonds are performing excellently in the market,' said Aurelia Figueroa, Breitling's head of sustainability, 'and even above our expectations.' And Oris' chief executive of the Americas, VJ Geronimo, echoed the comment for his brand's synthetic-set lines in the region.
Lingering View
The watch sector was far behind jewelry makers in embracing lab-grown diamonds, with Citizen first adding them to its L Ambiluna collection in 2020.
As Marc-André Deschoux, founder of the online channel WatchesTV, said in a 2021 interview with The New York Times: 'This is still a taboo subject in Switzerland because of a lingering negative view of man-made diamonds.'
But in 2022, Breitling introduced them in its Chronomat line, announcing that lab-grown stones eventually would replace natural diamonds in all its collections (the brand says it is now 43 percent of the way to that goal). That year TAG Heuer came out with a limited-edition Carrera Date Plasma Diamant D'Avant-Garde watch set with lab-grown diamonds and Oris incorporated them into its Aquis line; both brands have used them in more recent introductions, too.
And last year, Raymond Weil dipped into the sector, setting synthetic diamonds into the lugs of its Millesime model.
Oris and Breitling said these watches had been well received by consumers, noting that lab-grown diamonds can have a much smaller environmental footprint than mined ones, depending on production methods, and that the synthetic gems have the same optical, physical and chemical properties and emit the same sparkle as mined ones.
Not in Nature
As a capital investment, however, lab-grown diamonds have not fared well, something experts say is the result of oversupply and consolidation.
In 2022, for example, LVMH Luxury Ventures, the private equity division of the luxury giant Moët Hennessy Louis Vuitton, and its partners invested $90 million in Lusix, a lab-grown diamond manufacturer in Israel. But the business struggled financially, and it was sold for $4 million in November to two other producers, Fenix Diamonds and Dholakia Lab-Grown Diamond.
The failure of LVMH's investment 'has absolutely nothing to do with the strategy of individual brands' when it comes to using lab-grown diamonds, said Antoine Pin, TAG Heuer's chief executive. 'I see them as an opportunity to use diamonds in new ways,' he said, 'with one full diamond carved out to serve as the crown, for example, or a large solid piece carved as a bezel.
'We are thinking, what can we provide that is unique, different. We want to use them in a way that does not exist in nature. That's what we're looking at, rather than just duplicating the way natural diamonds are already used in watches. So although we don't have any new pieces at the moment, one interesting direction would be colored diamonds or special cuts, shapes and large sizes. So we're working on this.'
Among other failures, Mirabaud Lifestyle Impact and Innovation, an investment fund run by David Wertheimer, a Chanel heir, was one of several firms that invested millions of euros in Diam Concept, a French synthetic diamond maker. It was the main supplier to Courbet, a synthetic-only jeweler also funded by Mirabaud that was founded in 2017 and had a showroom on Place Vendôme in Paris, the heart of the high jewelry industry. Diam Concept dissolved in June 2024; Courbet entered court-ordered receivership in December.
Even Lightbox, the lab-grown gem subsidiary of the diamond giant De Beers, has faltered. After announcing in May 2024 that it would reduce prices by more than a third, it announced in June that it would transition to synthetic diamonds exclusively for industrial applications.
In Retail
The bankruptcies exposed the strange disconnect between the vaunted popularity of lab-grown diamonds with some consumers and their failure as a capital venture vehicle.
In 2024, according to the diamond industry analyst Edahn Golan, 45.3 percent of the diamond engagement rings sold in the United States had lab-grown diamonds, and overall the gems were present in 14.3 percent of all diamond jewelry sold in the country.
'The average age of people getting married in the United States is 28 — broadly speaking it's 25 to 35 — so that tells us that young people are embracing lab-growns,' said Mr. Golan, who is the managing partner of Tenoris, a jewelry and diamond retail trend company that collects data each month from 2,500 retail jewelers in the United States.
Despite the consumer interest in lab-grown diamonds, some retailers are wary of selling synthetics, mainly because of the overall impact on their traditional watch and jewelry business.
Mr. Geronimo of Oris acknowledged that some retailers had been resistant: 'Their store policy is that they don't deal with lab-growns, period, and that's it. But we have others that totally embrace it. They don't care, even though they have a good customer base in natural diamonds.'
Raymond Weil declined to answer questions for this article, with its public relations agency sending a message: 'I regret to inform you that Raymond Weil has decided not to participate in this matter. The C.E.O. mentioned that it is a sensitive topic in the U.S., and they are concerned about potential negative feedback.'
Mr. Zimnisky, the diamond analyst, noted that the steep decline in synthetic diamond prices might hurt the credibility of some retailers. 'If I had a jewelry store and I sold a consumer a three-carat lab diamond for $20,000 in 2018, and now I'm selling it for $1,500, I'd be nervous that consumers are going to come back and say, 'You ripped me off.''
The consolidation occurring among lab-grown diamond manufacturers could stabilize the market eventually, experts say, and if the surviving producers adopt the right practices, it could strengthen the sector's sustainability credentials.
Breitling is one of a growing number of companies tracing its supply chain, something that the European Union's Corporate Sustainability Reporting Directive will require many larger businesses to do, starting this year.
'The origin of our decision to use lab-growns is based completely in traceability and sustainability,' Ms. Figueroa said. 'We surveyed the market, and we understood that for us to go forward with true traceability, we weren't going to be able to achieve that with mined diamonds. We made the decision to switch to lab-grown.
'Then, we very carefully selected only a handful of suppliers: ABD Diamonds and Fenix Diamonds, both based in western India. Fenix is using already 100 percent renewable energy, and ABC is, so far, using 25 percent — we actually cofinanced the solar PV panels that they have on site, and they're working on finalizing their plan to source 100 percent renewable energy right now.'
All of that effort notwithstanding, Mr. Zimnisky is among those who say that price trumps sustainability when it comes to watch and jewelry purchases. Ultimately, 'environment doesn't matter,' he said. 'Consumers don't care about that as much as the media talks about it. Consumers are buying lab diamonds because they're so cheap. It's all about the price.'
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New York Post
7 days ago
- New York Post
Jilted Barneys heir alleges family evaded $20M in New York taxes — by falsely claiming late mother lived in Palm Beach
A jilted heir to the fallen Barneys luxury dynasty has accused his late mother and siblings of orchestrating an elaborate tax fraud scheme that allegedly cheated New York state out of $20 million, The Post has learned. Bob Pressman – the 71-year-old grandson of Barney Pressman, who founded the now-defunct retail icon in 1923 – alleges in an explosive lawsuit that his family conspired to avoid New York state income and estate taxes by falsely claiming that his mother Phyllis Pressman resided in West Palm Beach, Fla. In fact, the widow of retail legend Fred Pressman – who famously transformed his father Barney's men's suit business into a luxury empire in the 1960s – had been living year-round in her oceanfront mansion in Southampton, NY for the last six years of her life, the suit claims. 7 Bob Pressman stands next to his mother, Phyllis Pressman, at a dinner in 2009. 'Phyllis Pressman freely told the people around her that she did not like Florida and did not intend to make it her permanent home,' the complaint alleges. The estate of Phyllis Pressman – who died last year at 95 and who, according to the suit, 'was renowned for her exacting and highly developed taste and sophistication' – is said to be worth upwards of $100 million, according to a source close to the case. That includes the 2.3-acre, oceanfront spread at 346 Meadow Ln. in Southampton that's currently on the block for $38.5 million. Her swanky Upper East Side apartment, listed for $3.95 million, is in contract. Some of the late matriarch's jewelry and artwork also are slated for auction this fall by Freeman's-Hindman. They will include pieces from Bulgari, Harry Winston and Van Cleef & Arpels; and paintings by American artists Frederick Carl Frieseke, Edward Henry Potthast, William Merrett Chase and Robert Reid. 7 Elizabeth-Pressman Neubardt was unveiling a new jewelry collection for Barneys in 2005. Patrick McMullan via Getty Images As exclusively reported by The Post. Bob Pressman had previously worked on an as-yet unpublished manuscript for an incendiary tell-all book that blamed his family for Barney's demise. Pressman was cut out of his mother's will after years of family squabbling, capped by his refusal to participate in the alleged tax fraud, according to a source close to the case. A trust agreement drawn up by Phyllis's attorneys declared, 'Bob doesn't get anything for reasons he well knows,' a source close to the case told The Post. 7 Phyllis Pressman 'was renowned for her exacting and highly developed taste and sophistication.' Michael Schwartz/New York Post Bob's sisters Elizabeth and Nancy, who were buyers for Barneys, sued him several years after the retailer's 1996 bankruptcy, accusing him of cheating them out of $30 million from the business. Bob, who was in charge of the company's finances at the time, denied the allegations. 'The Pressman sisters are trying to reinvent issues that have been thoroughly reviewed, and resolved or dismissed in conjunction with the Barneys Inc. Chapter 11 case confirmed by the bankruptcy court over six months ago,' Bob Pressman said in a statement at the time. 'They simply do not like that result,' he added. A New York judge awarded the sisters $11.3 million in 2002. Their brother appealed the award. Meanwhile, Bob's tell-all manuscript accuses his brother Eugene Pressman – better known as Gene – of running Barneys into the ground with lavish spending projects, even as he allegedly spent his time partying through the 1980s at Studio 54. At the time, Gene fired back, accusing his brother of having 'a casual relationship with the truth' and claiming 'Bob conveniently forgets he was in fact the co-CEO responsible for the financial stability of firm, a role in which by all measures he massively failed.' 7 Gene Pressman ran Barneys with his brother Bob after their father Fred passed away in 1996. New York Post The book proposal, by contrast, claims that Bob 'argued with his family all the time when the Barneys New York Madison Avenue store was being built,' protesting the massive tab that was being run up. Bob's new lawsuit – which is only coming to light now after a judge unsealed it last week – claims that the allegedly tax-cheating members of the Pressman family could be liable for upwards of $50 million in back taxes and penalties. An amended complaint filed in New York state Supreme Court in September lists Bob Pressman as a whistleblower under the New York False Claims Act, which could entitle him up to 30% of any recovery. He filed his original complaint last July. According to the suit, Phyllis originally moved to West Palm Beach in 2000 – four years after her husband Fred died – when she married her second husband, philanthropist Joseph Gurwin. Gurwin, whose fortune came from military equipment including gas masks and bulletproof vests, died in 2009. Phyllis continued to live in Palm Beach until 2018, when she moved back to New York full time, according to the suit. 7 Barneys was a luxury fixture on Madison Avenue. Frank Leonardo/New York Post In mid-2021, Phyllis Pressman 'successfully recruited' her children Gene, Elizabeth and Nancy to falsely assert that she lived most of the year in Palm Beach' in her estate's legal documents – after Bob had refused to do so, according to the complaint. As part of the alleged scheme, Gene, Elizabeth and Nancy in late 2023 – just a few months before Phyllis died – helped move their mother to hospice care in Palm Beach 'when she was ill and should not have been traveling,' even as they transferred the Hamptons mansion to a limited liability company, according to the suit. As a result, the three siblings 'all increased the size of their inheritance from Phyllis Pressman because they helped the Estate avoid the New York estate taxes that it was obligated to pay,' the suit claims. 7 Fred Pressman transformed Barneys into a high fashion destination for European proof of Phyllis's New York residency from 2018 on, the complaint alleges that she had her prescriptions filled at a local Southampton pharmacy, regularly used the landline at her oceanfront home, and employed two aides at the house. Bob Pressman declined to comment on the complaint, as did his sisters Elizabeth and Nancy. Gene Pressman did not respond to a calls and emails requesting comment. The siblings were notified about the lawsuit within the past couple of weeks, Bob Pressman's attorney Randall Fox told The Post. If successful, it would be among the top five such cases brought in New York. 7 Barneys was founded by Barney Pressman in 1923. The New York Post The Empire state has recovered $674 million from deadbeat filers since 2010 when it established the Taxpayer Protection Bureau, of which Fox was the founding bureau chief. The largest individual settlement under the False Claims Act was for $105 million, which was paid in 2021 by Swedish hedge fund manager Thomas Sandell. He allegedly set up a shell office in Boca Raton, Fla. to avoid paying taxes on his NYC business, according to the New York Attorney General's office. Sandell did not admit wrongdoing.
Forbes
16-07-2025
- Forbes
These Dentists Launched A Multi-Million Dollar Luxury Accessory Brand
Zane and Omar Sabré of Maison de Sabré. Luxury fashion accessories is a competitive space where veteran entrepreneurs usually fare better than novices. When the Sabré brothers Omar, 34, and Zane, 31, launched their leather-based brand, Maison de Sabré, they had no direct experience. Instead, the siblings were in dentistry, and the enterprise was fashioned as a means to an end during a difficult family crisis. This alone makes their brand story unique. Its ascendant success since its founding in 2017 makes it a luxury start-up fairy tale. Now, the Sydney, Australia-founded brand with global operations—whose founders were featured on the 2020 Forbes Asia 30 Under 30 list for Retail & Commerce—is expanding its US distribution and gaining market share with its value-centric luxury offerings. FOUNDING IDEA Maison de Sabré aims to address the accessory needs of the professional lifestyle. Initially, the brothers' calling was dentistry, with the older brother, Omar, heading to Australia first to study. Zane followed, and during his studies, the brothers' father was diagnosed with leukemia, and the family's education funds were refocused on the elder Sabre's care. In a spark of inspiration, the young dentist and the dental student devised a plan for a business to fund Zane's remaining studies. What they lacked in experience, they made up for in determination. Their father's words also fueled the project. "Our father is a businessman in the automotive industry who worked with his hands. He wanted us to work with our minds, and constantly said we should do something scalable, which today means online," Omar recalled. "From a product perspective, we were looking for something we could sink our teeth into," he added, no pun intended. A leather goods idea presented itself, along with the not-so-obvious synergies between the two. "Coming from dentistry, we had a transferable skillset. We learned material physics, biochemistry, natural forms, and functions. We studied the art of the smile and its composition. Everything was studied at fractions of a millimeter and microns. So, it was extremely detail-oriented," Omar continued. Bulgari and Cartier, whose less-touted colorful leather goods served as inspiration, influenced early pouch and card holder prototypes but the duo was not enthused at the result. Noticing a Louis Vuitton trunk phone case on a stylish customer at Sydney café, the older Sabré had the a-ha moment to design a leather phone case, which in 2017 made them among the first to market for the elevated smart phone case. With Omar on the creative and design side and Zane on the sales, finance, distribution, and marketing side, the family members had complementary skillsets beyond their dentistry profession. SPREAD INFLUENCE From its inception, the product was aimed at fashionable young female professionals, aged 25-35, described as 'aspirational and inspirational'. As the brand expanded into categories such as handbags and luggage, it spoke to their fast-paced, on-the-go careers and personal lives, offering a product that is both smart and playful. A model shows off key Maison de Sabré styles. "We built a website on a budget, with zero marketing funds. But we had a product and an Instagram account, so we reached out to 200-300 influencers a day, seeding a highly visual product to them. About a third of them responded, and 10 percent of those posted, building a following organically. By the end of the first year, we had established a network of 5,000 influencers and generated $2 million in sales. This allowed us to invest in paid marketing and hire a team to manage the influencer program and customer care, which helped drive the brand," Zane explained. "We did this working part-time as I was still finishing dental school, and Omar was practicing as a dentist. Everyone said it's all been done, but we did it," he added. The brothers pivoted into Maison de Sabré full-time, thus Zane has yet to practice dentistry. DTC SWEET SPOT The brand was humming along nicely as a direct-to-consumer business, as the brothers built their own supply chain, sourcing leather that could be used on everything—from the original phone case to the bags and small leather goods, such as signature charms, that were added to the mix. A key leather supplier in the Netherlands also works with Louis Vuitton. "The leather has been designed and manufactured by our partner tannery to meet our standards. Any piece of hardware, including zippers and lining, is designed and manufactured by us. For instance, the zippers are a hundred percent brass that we designed ourselves to be extremely smooth on 2000 cycles of opening and closing," Omar said without a hint of irony for another dental parallel. The Mister Men and Little Miss bag charm collaboration from Maison de Sabré Sustainability was also a key component of the brand's core values; thus, material utilization is at an 85% rate. "Charms, zipper pulls, straps, interior pocket lining. We use every single piece of leather and try to find a purpose for it," Omar added. More eco-friendly fabrics have also entered the brand vocabulary. "Every year, we challenge ourselves to branch out into new materials. The year before last, we did a material called Resilon Nylon, a recycled nylon filament yarn made from fishing net, which we developed the previous year. In 2024, we introduced a new material called BioVeg™️, co-developed in Italy, which is a sustainable biopolymer plant-based leather alternative material," Omar noted. With production and distribution sorted, the brand was moving along nicely. But the brothers had bigger plans. "We got to a stage where we knew what our ambitions were: to be a true player in the luxury field," Zane said, adding, "There's only so much you can do with online business. You become limited and reach a ceiling. We knew what we were building, a real modern luxury Maison. For that, you need an in-store, touch-and-feel experience." CONCESSION STANDS Whether by intuition or data, the duo knew that a retail presence didn't necessarily mean traditional wholesale or free-standing vertical brand stores. Maison de Sabré's entry into the post-pandemic market opened up new avenues for them. With a concentration on Japan, Europe, and the US, the brand launched physical retail experiences. Maison de Sabré hosted pop-ups in galleries in the Shibuya, Tokyo district, and in Osaka, Japan The Maison de Sabré kiosk in collaboration with Nikki Beach Club. "We don't do any wholesale. We employ a non-conventional approach to retail, with our staff and stock, and don't allow retailers to place direct buys. Concession models allow us to control the narrative, which is important for a brand entering this retail experience. Hands-on allows us to control the storytelling to the customer," said Zane of the partnership that involves renting space from the larger entity, typically for a percentage of sales. Part of the story is the charms that customers select to personalize their bags. Thus, most concessions include their signature charm bar. Currently, growth is 200 percent YOY in the last 2 years, with a customer base in over 70 countries worldwide, whose loyalty and retention rate is 95 percent. Retail partners, which tend to secure an exclusive for a region, include Rinascente in Milan, Le Bon Marché in Paris, and a major British retail partner, which is soon to be announced. AMERICAN FOOTING "The Bloomingdale's flagship concession was meant to be a month-long pop-up, and it's been four months now, and it's still going strong," Zane pointed out, adding, "We aren't looking at expanding more now. We keep the selection and partnership quite tight to make sure we can mutually support each other to push it forward and maximize both customer bases to get the best outcome for the business." Online US partners include Nordstrom, Saks, and FRWRD, whose celebrity clientele led to organic placements through a VIP seeding initiative. Boldface names seen in the brand's offerings include Naomi Watts, Oprah Winfrey, Halle Berry, Selma Blair, and Emma Roberts, among others. Currently, Maison de Sabré has a team of approximately 60 people spread across Australia, Japan, France, Italy, and, most recently, New York, where Zane relocated at the beginning of 2025 to oversee the US strategy, as he recognizes the achievement of penetrating major retailers. "The leather goods space is a highly competitive market with a high barrier to entry. These departments typically have carried the same brands for five to ten years. Typically, not many enter the space that frequently," he added. COLLABORATIVE SPIRITS New raffia styles from Maison de Sabré. Just in time for summer 2025, a new material category, raffia, poised the brand for special concessions with the beach-y party franchise, Nikki Beach Club. Starting in St. Tropez, and expanding to Mallorca and Cannes, the hotspots will feature branded Maison de Sabré kiosks offering totes and specialized summer theme charms. Co-branded collaborations have also been a part of the burgeoning leather goods brand. Among them are Disney, Hello Kitty, and, most recently, Mister Men and Little Miss, which debuted in gallery pop-ups in Harajuku, Tokyo, and the Marais District of Paris. "Our collaborations are rooted in nostalgia as the main driving factor in how we decide who we collaborate with. We have been fortunate to receive inbound requests to collaborate," said Zane. For Disney's first collaborations, the brand produced Mickey & Friends—think Mickey, Minnie, Donald Duck, Daisy Duck, Goofy, and Pluto—across leather phone cases. The Hello Kitty collaboration debuted in conjunction with a "It's the first time that anyone has transformed the original artworks from the 1970s children's book into leather accessories. We reproduced them at a one-to-one scale into charms," noted Omar, adding, "In our generation, the child within us never really went away, which makes our generation special." FAMILY TIES Brothers Zane and Omar Sabré founded Maison de Sabré after first becoming dentists. While the brothers are rarely in the same place these days due to the multiple global projects and activations, the family's name is omnipresent on every product. It reflects the brother's commitment to quality. "I think people are tired of overpaying for luxury and understand that isn't what luxury is anymore. Consumers have been led to believe that luxury is a function of price, but in reality, luxury is a function of craftsmanship, material, and meticulous construction, which adds to its longevity. That's what true luxury is about," noted Omar. Zane summed up the endeavor: "Our success comes down to the fact that we have a timeless design and unwavering quality. The color is incredibly optimistic, newness comes at an amazing pace, and the cost is incredibly charming. It's a price point you can't beat for the value you get."
Yahoo
16-07-2025
- Yahoo
International Buyers Spent $56 Billion on U.S. Real Estate in the Past Year: Report
The global spotlight is shining brighter than ever on U.S. real estate, as international buyers return in force with wallets wide open. After several years of pandemic-related uncertainty and shifting economic tides worldwide, buyers from abroad are diving back into the market—and they're spending like never before. In the past year alone, foreign investors snapped up a record $56 billion worth of American homes, marking a 33 percent increase over the previous year and one of the most significant surges in recent history. More from Robb Report Baglietto Just Launched a Beautiful Blue Superyacht Breitling and Soccer Star Erling Haaland Teamed up on a Limited-Edition Watch Collection Jefferson's Just Brought Back One of Its Best Bourbons Global buyers are making bold moves coast to coast, nabbing everything from sprawling beachfront estates in Florida to sleek urban condos in California's most desirable neighborhoods. According to the National Association of Realtors' 2025 International Transactions in U.S. Residential Real Estate report, these investors purchased 78,100 properties between April 2024 and March 2025—a 44 percent jump from the year before. Meanwhile, the median purchase price hit a record $494,400, underscoring the strong demand for upscale homes. RELATED: High-End Real Estate Is on a Hot Streak in Prime U.S. Markets, New Reports Say Florida remains the crown jewel, drawing more than one in five international buyers. The state's sun-soaked lifestyle, favorable tax policies, and an unmatched inventory of luxury properties—from oceanfront mansions to golf-course retreats—make it a perennial favorite. California follows closely behind, along with Texas, New York, and Arizona, which round out the top five destinations for foreign buyers. Notably, nearly half of these international buyers paid cash, compared to just 28 percent of domestic buyers. High prices and elevated mortgage rates have pushed many to come prepared with substantial funds on hand, particularly when eyeing premium properties. So, who's doing all the purchasing? Chinese buyers led the way, spending $13.7 billion on nearly 12,000 homes. They're followed by buyers from Canada, Mexico, India, and the U.K. Just over half of these buyers already live in the U.S.—recent immigrants or visa holders—while the rest are purchasing from abroad. Some are looking to settle down, others are investing in vacation homes or rental properties. RELATED: Luxury Home Sales Are Skyrocketing Thanks to All-Cash Buyers The reasons behind this buying frenzy are clear. For starters, the U.S. is seen as a safe bet. Property rights are strong, the housing market is diverse, and the overall economy remains relatively stable, especially compared to some international markets. And while some buyers are chasing the dream of a sunny second home, others see it as a smart place to store their money. Bottom line: the world's wealthiest are still putting their cash into American real estate, and luxury markets are feeling the boost. For sellers, brokers, and developers, this global demand is shaping the high-end housing landscape in a big way. Best of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
