Come July, the Italian fashion house Fendi will present its first haute couture collection on the Paris runways, and every garment will be made of fur. “It’s time to do the highest level of couture fourrure,” said creative director Karl Lagerfeld. He’s not alone in this assessment: The price of pelts reached a record high in 2013, and two-thirds of recent fashion shows in London and New York have included furry pieces. MORE