It will depend if these VVIPs with higher spends decline the HP pendant. My guess, is that the majority will decline. Think about what these VVIPs are purchasing, they are not buying the lower ticket items but are purchasing high jewelry or higher ticket items to accumulate this #.I agree with what you said. I wonder if that means flagship boutiques with more VVIPs with bigger spends will make it more difficult for regular clients to get the HP…