I don’t know what to tell you for you to believe me but premium relating to quality and luxury relating to status are literally the way they’re defined in the retail goods and brand world.

https://www.linkedin.com/pulse/difference-between-premium-lu...

https://medium.com/swlh/dont-confuse-luxury-with-premium-8-k...

https://imgmodelsblog.com/luxury-and-premium-comparison

Or, if you want to listen to techies talk about it, listen to this episode of Acquired: https://www.acquired.fm/episodes/lvmh