Handmade bespoke dress shoes take months to make. Shoemakers transform rough measurements of a customer's feet into a one-of-a-kind shoe. One pair can cost over £5,000. London has been a hub for shoemaking for centuries, and while the industry has shrunk over time, an increase in demand from Japan and the US has helped to reignite interest in this craft. So, why would someone buy bespoke dress shoes? And what makes them so expensive?
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Microeconomics: IB Economics
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A brief overview of relevant articles for IB, A-Level and Pre-U economists relating to microeconomic issues
Curated by
Graham Watson
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Even in the high-end world of jewelry, Cuban link chains are a symbol of luxury. Once a quintessential part of hip-hop style in the '70s and '80s, these chains have become increasingly popular in the last decade. Today, you'll find prominent rappers like Future, Daddy Yankee, and Lil Uzi Vert wearing Cuban link chains.
Graham Watson's insight:
An interesting luxury good - and rap-related - in that this Business Insider clip looks at Cuban link chains.
And in common with most luxury goods, it's the skilled labour and the desirability of the good amongst a specific niche market. 
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This Business Insider clip looks at bespoke dress shoes - noting that Canons of London regularly charge £5,000 a pair, with some shoes costing up to £12,000.
It's the usual tale of expensive raw materials and highly skilled artisan labour combining to make a luxury goods.