N ew dinner-party game suggestion: what very expensive item of clothing would you buy if money were no object? Feel free to refer to this year’s delectable selection of designer Christmas gifts for inspiration. From the must-have flats — this season we’re all about Prada’s chic monochrome loafers — to the ultimate party bag — a Fendi Baguette recast in festive form thanks to a bag load of glittering beads — bank-busting gifts have rarely been more covetable. Indeed, this winter is the perfect time to embrace your inner magpie, with showstopping shiny stuff everywhere.

A pair of It heels are a perennial Christmas crowd-pleaser. This year we’re shining a spotlight on Loewe’s disco ball-inspired stilettos — the ultimate treat for the woman with places to go this December. There’s also a head-turning holdall bag by Gucci, which has changed the game for mini-break fans — this “carry-on” appears to have been dipped in gold.

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