7 Truly Luxurious Gift Experiences for Valentine's Day 2013

SAN DIEGO (TheStreet) -- There are those who will head to the local drugstore and buy their loved one a cardboard, heart-shaped box of chocolates for Valentine's Day.

And there are those who will get their loved one a heart-shaped island. Yes, an island. Off the coast of Australia.

This year, what's hot in luxury for Valentine's Day is the overall experience, says Mila Pantovich, lifestyle editor for JustLuxe.com.

"It's not just about getting a knickknack or gadget, but more along the lines of giving someone wine if they love wine -- and also a weekend trip in Napa Valley as an extension of that gift. It's about doing something you share together," Pantovich says. "It should be an experience. One that creates memories you can remember down the line. And you can take that as far as you want in terms of luxury."

With that in mind, here's our own selection of unique and truly exclusive luxury gifts for your significant other in 2013.

1. Sir Richard Branson's heart-shaped island

Located off the coast of Australia, Makepeace Island, owned by Sir Richard Branson, is available to those who really want to say "I love you" in a grand way. The island is designed in Balinese style and includes a main house, a four-bedroom guesthouse, a few villas, a boathouse and a spa. A night's rental ranges from $7,900 to $14,990 depending on the number of guests. For information, visit makepeaceisland.com.

2. The Four Seasons Ty Warner Penthouse suite