"It's had the effect of freezing spending at all levels, " said James Ogilvy, publisher of Luxury Briefing, a monthly report that monitors the luxury industry.

CNN: As economy worsens, high-end feels a chill

One surprising effect of egg freezing is that it makes women more open to using science to explore alternate routes to creating their families.

WSJ: Why I Froze My Eggs (And You Should, Too)

The effect is magical enough to take your breath away - if there were not already a freezing mist hanging in front of you.

BBC: Chill out in China: Harbin��s Ice and Snow Festival