noun
high-quality goods; luxury item
Refers to expensive, high-grade products such as designer goods, premium food, or top-tier electronics.
彼女は誕生日に高級品のバッグを買ってもらった。
She was given a luxury bag for her birthday.
この店は
This shop deals only in high-quality goods.
ブランド品 specifically means 'brand-name goods', often overlapping with 高級品 but emphasizing the brand rather than just quality.
Compound of 高級 (high-class, high-grade) and 品 (goods, article).