Mongolians develop a taste for luxury amid booming economy

Sizzling real estate market helps drive trend

ULAN BATOR, Mongolia - In the 13th century, Mongol emperor Kublai Khan and his harem sported silk gowns, fur cloaks and jewel-encrusted head ornaments at their home - the legendary pleasure palace in Xanadu.

Today, latter-day khans are again stepping out in some of the world's finest luxury fashions as Mongolia's minerals-fuelled economy boosts disposable income for the country's nouveaux riches.