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While most people think twice before splurging on gifts, there are some who spend millions of dollars on them.
Let's take a look at 10 most expensive business gifts in the world.
Source: CNBC
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Amour, Amour Dog Collar
Price: $3.2 million
Rank: 1
The 52 carat Amour, Amour dog collar is festooned with no less than 1,600 diamonds, and it costs $3.2 million to put it around the dog's neck.
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Sveid Corkscrew
Price: $65,200
Rank: 2
According to Sveid's website, the corkscrew's fingertip lever is made of 18 karat gold, and it's presented in a wooden box with the recipient's name engraved on it. Prices start at $65,200.
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Imperiale Chronograph Watch
Price: $53,300
Rank: 3
It's an 18-karat white gold, which sells for $53,300. "Encircled by a diamond-set bezel and capped by sapphire-set lugs reminiscent of antique columns, the silver-toned dial with mother-of-pearl centre displays imperial Roman numerals, finely curved hands and an elegant chronograph", the company's website says.
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Diamond Flower RF Mouse
Price: $24,249
Rank: 4
Described by the company as "the world's most expensive computer mouse", it's cast from 18-karat white gold and set with 59 brilliant-cut diamonds.
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Diamond Pacifier
Price: $17,000
Rank: 5
It has more than 278 pave cut white diamonds, along with a silicone nipple. There is the small matter of Personalised Pacifiers recommending that it not actually be used, but otherwise the company says that it "will become a new classic to that of bronzing baby shoes!"
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Michael C Fina 18k Gold Crowned Diamond Eye Skull Cufflinks
Price: $16,125
Rank: 6
The most high-end of these pieces is the $16,125 Gold Crowned Diamond Eye Skull set of cufflinks, which the website declares "fit for any creepy king". The cufflinks are a perfect gift for the high net worth individual who still listens to Iron Maiden.
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iPhone 4s 24ct Gold Ambassador Edition
Price: $4,825
Rank: 7
The iPhone 4s 24ct Gold Ambassador Edition from Goldstriker, which was manufactured in a limited run of 100, is fully embellished in gold and with an outer frame inlaid with crystals, it sells for $4,825.
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Wenger Giant Knife
Price: $2,150
Rank: 8
Wenger also offers the fittingly named 'Giant' knife, which has 87 implements, 141 functions and costs $2,150.
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Black Ostrich Leather Coat Wallet
Price: $1,150
Rank: 9
Alfred Dunhill's big-ticket choices is a coat wallet made of black ostrich leather that sells for $1,150.
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Clive Christian No 1 Gift Set
Price: $1,040
Rank: 10
The Clive Christian No 1 fragrance is in fact so high-end that both the designer's official website and Guinness World Records have designated it "the world's most expensive perfume".