Emirati jewellery designer Salama Khalfan is the founder of Alezan. Antonie Robertson / The National
Emirati jewellery designer Salama Khalfan is the founder of Alezan. Antonie Robertson / The National

Alezan founder Salama Khalfan’s jewellery is inspired by horses



The Emirati jewellery designer Salama Khalfan, who recently won the Best Day-Wear jewellery prize at the third edition of Ebda’a Award held in Abu Dhabi, talks about the inspiration behind her designs and the local industry.

Alezan is a French word that means chestnut. Why did you choose this name for your brand?

The first piece of jewellery I made was a bracelet, and the inspiration was fired up by my showjumping mare, Penelope. She sits at the heart of all of this. Penelope’s breed is a Selle Françias, which is the primary breed for showjumping horses originating from France. My horse Penelope is “Alezan” or chestnut.

As a winner of the Ebda'a Award, you will attend a jewellery-designing course at the International Gemological Institute in Dubai later this year. What do you hope to learn from it?

Even though I have focused on studying diamonds with the Dubai-based Gemological Institute of America, I look forward to learning more about design. There are tools and technology, as well as hand-drawing techniques that I have not been exposed to.

What is the inspiration behind your designs?

The only constant in my designs is the horse. My designs are inspired by the history and stories of horses throughout time. My first collection, for example, the Artalana Collection, is inspired by the horses of the Ottoman Empire. I went on a trip to Turkey and was inspired by Topkapi Palace – everything between those walls found a voice in my work. I created antique-style jewellery using modern methods, because I wanted my designs to capture that era.

What is the state of the Emirati jewellery industry?

Jewellery has always had an important place in our heritage. Some of the most beautiful pieces I’ve seen are inherent to this region; their authenticity makes me want to turn back time and become a goldsmith apprentice. The appreciation of jewellery is ingrained within us – whether from stories of pearl divers or girls wearing jewel-encrusted headpieces. This strong sense of tradition, plus the proximity to other countries and their culture, and the UAE’s openness to trade, have all contributed to the development of the jewellery industry here. Styles, designs, materials and techniques have evolved over the years, in parallel to such initiatives as Ebda’a, which is grounded in innovation.

What are you working on?

My new collection is inspired by the horse from Chinese mythology and will be launched later this year.

• Visit www.alezanbysk.com for more details

Khalfan’s favourite pieces

Artalana Full Horse Bit Cavalry Ring: A long ring that covers the finger. I love it because it is a statement piece.

Luck at First Sight Horseshoe Ring: I sometimes call it the invisible luck ring. It has nine beautifully set round diamonds, cast in white gold, covered with black rhodium.

Artalana Empress Pendant:The first piece designed for the Artalana Collection. It is made of rose and white gold, and has a horse bit between two hearts of rubies, meant to symbolise the horse’s heart and the rider’s heart.

Luck at First Sight Bangles: Classic and practical. I love wearing them because they are elegantly discreet.

Artalana Empress Falabella Ring: The Falabella is the smallest miniature horse. What makes this ring special to me are the fancy-cut diamonds, and how comfortable it is to wear.

Artalana Secret Garden Necklace: Elegant and versatile – the motifs are encrusted with diamonds and rubies on the front and back.

ealdhaheri@thenational.ae

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

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.”

A Dog's Journey 

Directed by: Gail Mancuso

Starring: Dennis Quaid, Josh Gad, Marg Helgenberger, Betty Gilpin, Kathryn Prescott

3 out of 5 stars

The Bio

Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride

She is the eldest of 11 children, and has four brothers and six sisters.

Her dream is to meet with all of her friends online from around the world who supported her work throughout the years

Her favourite meal is pizza and stuffed vine leaves

She ams to improve her English and learn Japanese, which many animated programmes originate in

Biog:

Age: 34

Favourite superhero: Batman

Favourite sport: anything extreme

Favourite person: Muhammad Ali 

RIVER SPIRIT

Author: Leila Aboulela 

Publisher: Saqi Books

Pages: 320

Available: Now

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.