Which are the world's 10 costliest cities for luxury spending?

Singapore remains the most expensive city in the world for wealthy individuals to spend on luxury goods such as jewellery and shoes, Julius Baer's latest Global Wealth & Lifestyle Report said. Singapore is followed by Hong Kong, London, Shanghai, Monaco, Zurich, New York, Paris, São Paulo and Milan. "Those looking for a luxury bargain might consider Tokyo," the report added.