Attending last week's medals of excellence award ceremony held by Walpole, the trade association for the UK luxury sector, brought home the irony that, whether or not a symbol of growing inequality, this is a field where Scottish companies excel.
Exhibiting and networking in the Balmoral, Edinburgh were some world-conquering Scottish brands including Hamilton & Inches, William Grant & Sons, Walkers Shortbread and Ayr cashmere weaver Begg Scotland. Many of our luxury brands are owned outside Scotland, but all add incalculable value to the country's profile.
Scottish Enterprise is never likely to make luxury an "industry cluster", but it is important to inject some strategic thinking into making the most of the lucky circumstance that people the world over equate Scottish goods with quality.
Walpole does much of this strategic work itself through its Brands of Tomorrow scheme, which selects (more elitism!) promising new companies to undergo mentorship programmes with experienced business leaders who can impart the tricks of the trade.
It also does what it can on the demand side, promoting, for example, the UK China Visa Alliance, which lobbies for relaxing travel restrictions on Chinese visitors, as a means of funnelling in Britain's direction some of the £67 billion the Chinese spend in foreign shops. Less than 1% of visitors to Heathrow are Chinese but they account for one-quarter of all luxury goods sales. These numbers are only set to grow and, devolved or independent, Scottish companies should add to the pressure on the Home Office to allow Chinese visitors to obtain UK visas along with "Schengen" ones. Scotland sells superlative stuff, so why exclude our potential best customers?