The grandmother of Chanel No.5 was Cologne No 1 developed for Tzarina Alexandra of Russia which was later developed into another blend intended to celebrate the 300th year of the Romanoff dynasty. Both perfumes contained a lot of rose and jasmine, some of the most expensive scents in the world. This is because they come from flowers. It takes 30 roses to make one drop of rose essence. Another expensive floral, orange blossom, was also added to Chanel No. 5, and it's base note sandalwood has always been costly as it takes so long to grow and is now an endangered species due to over harvesting. So recreating this opulent scent would be pricy. You would also need to employ a chemist as its intensity and longevity Come from the use of aldehydes-organic substances which boost the scent.
Chanel No.5 sold consistently through the great depression and World War 2 and the tiniest bottle is still selling like hotcakes at over $100 a quarter ounce. Sales of luxurygoods have the not been destroyed by the recent and ongoing world recession. One reason for this is because the rich get richer or retain their wealth while those below are squeezed. With its elegant packaging and cachet-filled history you simply can't recreate this luxurious love potion.
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