• Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry
  • Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry
  • Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry
  • Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry
  • Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry
  • Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry
  • Courtesy of Chanel Fine Jewelry
    Courtesy of Chanel Fine Jewelry

8 key pieces from Chanel’s stunning new high jewellery collection


Selina Denman
  • English
  • Arabic

For its new fine jewellery collection, Les Bles de Chanel, which was unveiled at The Ritz Paris last week, Chanel took inspiration from wheat, a symbol of prosperity, luck and regeneration that was particularly important to Gabrielle ‘Coco’ Chanel.

Brins de Printemps necklace

The collection looks at the complete life cycle of the wild grass, from the young shoots of early spring, which are replicated using emeralds, diamonds, peridots, crystalline and aquamarines, to the golden hues of mature wheat fields, which are captured using diamonds, yellow sapphires and pearls. The Brins de Printemps necklace features 20 marquise-cut peridots, 14 pear-cut aquamarines, 21 marquise-cut green tourmalines, seven pear-cut green tourmalines and 795 brilliant-cut diamonds.

Impression de Ble bracelet

The snow setting is used to stunning effect here. The setting is completely concealed as diamonds of slightly varying sizes blanket the cuff, with a single head of wheat picked out in beautiful multicoloured diamonds.

Moisson de Perles necklace

No Chanel jewellery collection is complete without some pearls, and for the Moisson de Perles necklace, 297 Japanese cultured pearls and one Indonesian cultured pearl are topped with a delicate bouquet of wheat crafted from 474 brilliant-cut diamonds and 13 pear-cut diamonds.

Fete des Moissons bracelet

The Fete des Moissons bracelet from the new Les Bles de Chanel collection features an 11.1-carat brilliant-cut fancy intense yellow diamond at its centre.

Brins de Diamant watch

Set in 18-carat white gold, the Brins de Diamant wristwatch features 29 fancy-cut diamonds at a weight of 4.8 carats and 296 brilliant-cut diamonds at a weight of 3.6 carats.

Moisson d’Or brooch

The Moisson d’Or brooch makes reference to the bouquets of wheat that Gabrielle Chanel used to display in her apartment. It features an 11.8-carat marquise-cut yellow sapphire at its centre, with delicate strands of brilliant-cut and marquise-cut diamonds topped with 12 brilliant-cut yellow sapphires.

Epi Solaire ring

The centrepiece of the Epi Soliare ring is a pear-cut 5.4-carat fancy vivid orange yellow diamond, which beautifully references a single grain of corn as it reaches maturity.

Brins de Printemps earrings

One of the most striking elements of this collection is how it captures the movement of wheat as it moves in the wind. For the Brins de Printemps earrings, marquise-cut and brilliant–cut peridots are paired with green tourmalines, aquamarines and brilliant-cut diamonds.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
BUNDESLIGA FIXTURES

Saturday

Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)

Bayer Leverkusen v Schalke (5.30pm)

Wolfsburg v Cologne (5.30pm)

Mainz v Arminia Bielefeld (5.30pm)

Augsburg v Hoffenheim (5.30pm)

RB Leipzig v Bayern Munich (8.30pm)

Borussia Monchengladbach v Freiburg (10.30pm)

Sunday

VfB Stuttgart v Werder Bremen  (5.30pm)

Union Berlin v Hertha Berlin (8pm)

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

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The Greatest Royal Rumble card

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Rusev

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v Kalisto

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent