The Fête des Moissons necklace.Courtesy Chanel Fine Jewelry
The Fête des Moissons necklace.Courtesy Chanel Fine Jewelry

Against the grain: Chanel’s latest high-jewellery collection takes inspiration from wheat



It might seem like an unlikely leaning for a grand dame of fashion, but wheat, in all its forms, was a major source of comfort and inspiration for the inimitable Gabrielle “Coco” Chanel.

Her connection with this enduring symbol of regeneration, abundance and prosperity was multifaceted. For a start, her birthday, August 19, fell during the harvest festival. She also placed great stock in signs, symbols and talismans. But her particular fondness for wheat was inherited from her father, the man who would abandon her and her sisters at an orphanage when she was just 12 years old. Gabrielle clung to her few happy childhood memories – walking the fields around her home in south-west France as her father spoke of “the good wheat”, in his eyes, a mark of all that was wholesome. The phrase would resonate with Gabrielle for years to come.

"She needed to idealise her father, or else he would have been the death of her," says Gabrielle Palasse-Labrunie, Gabrielle's sole living descendant, in the book Intimate Chanel. "She forced herself to remember the happy times.

“Many years later, when her friend [Salvador] Dalí, a frequent visitor at La Pausa, said he would do a painting for her, she said: ‘Paint me some ears of wheat.’ She hung the canvas at rue Cambon: a picture of a wheat ear against a black background. As well as carved wheat sheaves, I’ve always seen wheat in her house: a sheaf in a vase, which represented the good wheat of her father, the annual harvest, and was a symbol of plenty and success.”

And now, for the first time, the house of Chanel has decided to incorporate this symbol into its high-jewellery pieces. For Les Blés de Chanel, the brand's latest high-jewellery collection, the team created 62 pieces that depict the life cycle of wheat. It is a stunning selection of necklaces, rings, bracelets, earrings, watches and even a standing clock, featuring diamonds, peridots, crystalline, aquamarines and yellow sapphires. The collection charts the evolution of wheat – from pieces like Premiers Brins, Brins de Printemps and Brins de Diamants, which pay homage to the tender wheat shoots of early spring; to the diamonds, yellow sapphires and pearls of pieces such as Moisson Ensoleillée, Bouquet de Moisson and Moisson de Perles, which capture the golden hues of mature wheat fields as they are readied for harvest.

Marquise-cut diamonds capture the shape and feel of grains of wheat; soft, sweeping lines grant the collection an organic, natural feel; and stunning yellow diamonds, emeralds and sapphires chart the way wheat changes in colour as it moves through its life cycle.

“Wheat was very important in Gabrielle Chanel’s life. She was from the countryside and she surrounded herself with wheat because she believed it would bring her good fortune,” says Benjamin Comar, Chanel’s international high-jewellery director. “I like the idea of having a mono-theme. We don’t do it every year, but I think it’s important that we believe in what we do and offer the most spectacular things to our customers, and things that are for every taste.”

The irrefutable star of the collection is the Fête des Moissons necklace. A 25-carat, yellow rectangular diamond with cut corners acts as the anchor for the piece, which is shaped like a crown of braided wheat. Also featured are 121 multicoloured diamonds weighing 46.7 carats, 932 yellow diamonds weighing 40.4 carats and 165 white diamonds. The piece is complemented by a ring, bracelet and earrings.

“It’s a very important necklace, with this magical stone at its centre. But it’s very open, very supple,” says Comar of the piece, which took 1,500 hours to create.

Read this and more stories in Luxury magazine, out with The National on Thursday, December 8.

sdenman@thenational.ae

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Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

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December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
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July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

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April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
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Round 3: February 7-9, Dubai Autodrome – Dubai
 
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Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.

The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.

The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.

Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.

The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.

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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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