Swiss resort represented most ostentatious luxury (2,6)

I believe the answer is:

st moritz

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'swiss resort' is the definition.
The definition suggests a singular noun which matches the answer.

'represented most ostentatious luxury' is the wordplay.
'represented' is an anagram indicator.
'ostentatious luxury' becomes 'ritz' (I've seen this before).
'most' anagrammed gives 'stmo'.
'stmo'+'ritz'='ST MORITZ'

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I've seen this clue in The Times.

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