Crossword Genius

Item with cachet (6,6)

Ross

I believe the answer is:

status symbol

(Other definitions for status symbol that I've seen before include ""Ferrari"" , "Item thought of as proof of cachet" , "Possession indicating great wealth" , "Displayer of wealth or rank" , "Showy item meant to impress" .)

I've seen this clue in The Times and The Sunday Times.
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