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Why Luxury Costs: The Economics of a Handloom Saree

Why Luxury Costs: The Economics of a Handloom Saree

The "Cost Per Wear" Myth A $50 machine-made saree is expensive because it will be discarded in a year. A $1,000 Rare Mriga saree is an asset. The Breakdown Raw Material: We use Grade-A Mulberry silk, which has doubled in...

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