The luxury market, however, is being hit by the global financial crisis. Sales of luxury goods are expected to fall globally by 1% in the fourth quarter, and possibly up to 7% next year.

For those looking for traditional gifts there's a unique chess set.

Made by the famous Rosenthal porcelain company the chess set includes figures made of white and black porcelain. The chess board and figures are in the style of Mozart's opera "The Magic flute". The price of this limited chess set is around 4000 US Dollars.

A bit less expensive is a personalized service called "Bling my thing".

Cameras, telephones, headphones, games and computers can all be decorated to create personalized gadgets.

The luxury market, however, is being hit by the global financial crisis. Sales of luxury goods are expected to fall globally by 1% in the fourth quarter, and possibly up to 7% next year.

The market was worth more than 200 billion US Dollars in 2008.