Yoko London's coronation tiara bows to tradition, taking inspiration from one worn by Princess Diana and Catherine, Princess of Wales. Photo: Yoko London
Yoko London's coronation tiara bows to tradition, taking inspiration from one worn by Princess Diana and Catherine, Princess of Wales. Photo: Yoko London
Yoko London's coronation tiara bows to tradition, taking inspiration from one worn by Princess Diana and Catherine, Princess of Wales. Photo: Yoko London
Yoko London's coronation tiara bows to tradition, taking inspiration from one worn by Princess Diana and Catherine, Princess of Wales. Photo: Yoko London

The new jewellery created in honour of King Charles III's coronation


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On May 6, some of the world's most valuable gems will take centre stage at the coronation of King Charles III in Westminster Abbey.

One of those is the 530.2-carat Cullinan I diamond set in the Sovereign’s Sceptre. At the moment of his coronation, the king will wear the St Edward’s Crown, originally made for Charles II’s coronation in 1661 and set with rubies, amethysts, sapphires, garnet, topazes and tourmalines. Queen Camilla will be ordained with Queen Mary’s Crown, which has recently been altered to include three of Queen Elizabeth II’s favourite diamond brooches, cut from the same original diamond rough as the Cullinan I.

De Beers has created a modern tiara for the coronation. Photo: De Beers
De Beers has created a modern tiara for the coronation. Photo: De Beers

These are part of the royal regalia, potent symbols of the monarch’s power. However, they are not the only gemstones that will be sparkling in the abbey that day. Although recent news reports suggest the dress code for the coronation may be formal day wear, it is expected that aristocratic guests and royals from overseas will wear their own family tiaras, a tradition last witnessed at Queen Elizabeth II’s coronation in 1953.

Heirloom tiaras are currently being polished up for the occasion, while London’s jewellers have been busy creating glorious new pieces. De Beers, David Morris and Yoko London have all crafted one-of-a-kind creations to mark the coronation. The De Beers design is particularly contemporary and daring, featuring three arcs in blue titanium and platinum, each speckled with diamonds, while pear and baguette-shaped diamond drops are suspended on a fourth arc.

A coronation tiara by David Morris. Photo: David Morris
A coronation tiara by David Morris. Photo: David Morris

You don’t need to be a member of the nobility to don a tiara, but high-profile royal events always result in a flurry of enquiries at Bond Street jeweller David Morris, where a new wishbone-shaped design set with rose-cut pear-shaped diamonds is attracting attention. “Whenever a major royal event is approaching, we see a rise in requests for tiaras, particularly from the Middle East,” says senior designer Julian Medwell. “At David Morris, we cater to royal families throughout the world, including the Middle East."

Queen Elizabeth II loved pearls and pearl specialist Yoko London anticipates many will be worn in her honour by guests. “Therefore, we felt it fitting to mark the occasion with our own pearl tiara,” says the brand's founder and chief executive, Michael Hakimian.

His special coronation tiara features 24.97 carats of diamonds and South Sea pearls, and is inspired by the historic Lover’s Knot, a royal tiara frequently worn by Princess Diana and nowadays, by Catherine, Princess of Wales.

The coronation is predicted to be a boost for the economy, increasing tourism and uplifting consumer confidence, with customers drawing inspiration from all the jewels on show during the ceremony. “We feel the coronation will shine a spotlight on Britain and therefore expect it will serve to aid in brand recognition for British companies,” says Hakimian. “Made in England is getting stronger.”

This historic moment also gives jewellers the excuse to design something a little bit different. For instance, fine jewellery designer Annoushka has taken inspiration from the St Edward’s Crown to create a miniaturised reproduction. The limited-edition charm will bear the special King Charles III coronation hallmark.

Fine jewellery designer Annoushka has taken inspiration from the St Edward’s Crown to create a miniature, limited-edition charm. Photo: Anoushka
Fine jewellery designer Annoushka has taken inspiration from the St Edward’s Crown to create a miniature, limited-edition charm. Photo: Anoushka

Beyond crowns and tiaras, rings have also been designed. Showcasing their craftsmanship, Mayfair jeweller Boodles has created the Gemini ring, featuring two heart-shaped Cullinan diamonds sourced from the same mine as the diamonds in the Crown Jewels and set in a pink diamond bow.

David Morris, which made the bespoke dragon statue that adorns the bonnet of the Aston Martin that Queen Elizabeth gave to King Charles on his 21st birthday in 1969, has designed a second unique piece — a ring based on the colours of the Union Jack flag, with a central 17.5-carat rare purplish-blue spinel, a red-pink spinel and white diamonds.

A gouache of the spinel ring created by David Morris to mark the coronation. Photo: David Morris
A gouache of the spinel ring created by David Morris to mark the coronation. Photo: David Morris

Also about to emerge from the workshop is Hirsh London’s tribute, a yellow and cognac diamond butterfly brooch with a “technically challenging” en tremblant movement that is linked to the king’s personal interests. “For over 50 years, King Charles III has been a passionate and influential figure on the topic of environmentalism and sustainability,” says managing director, Sophia Hirsh. "Symbolising hope and new beginnings, we’ve created this Butterfly jewel in tribute to a king that has always been close to nature.”

England squad

Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood

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The specs

Engine: 6.2-litre V8

Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

On sale: now

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

RESULTS

Bantamweight title:
Vinicius de Oliveira (BRA) bt Xavier Alaoui (MAR)
(KO round 2)
Catchweight 68kg:
Sean Soriano (USA) bt Noad Lahat (ISR)
(TKO round 1)
Middleweight:
Denis Tiuliulin (RUS) bt Juscelino Ferreira (BRA)
(TKO round 1)
Lightweight:
Anas Siraj Mounir (MAR) bt Joachim Tollefsen (DEN)
(Unanimous decision)
Catchweight 68kg:
Austin Arnett (USA) bt Daniel Vega (MEX)
(TKO round 3)
Lightweight:
Carrington Banks (USA) bt Marcio Andrade (BRA)
(Unanimous decision)
Catchweight 58kg:
Corinne Laframboise (CAN) bt Malin Hermansson (SWE)
(Submission round 2)
Bantamweight:
Jalal Al Daaja (CAN) bt Juares Dea (CMR)
(Split decision)
Middleweight:
Mohamad Osseili (LEB) bt Ivan Slynko (UKR)
(TKO round 1)
Featherweight:
Tarun Grigoryan (ARM) bt Islam Makhamadjanov (UZB)
(Unanimous decision)
Catchweight 54kg:
Mariagiovanna Vai (ITA) bt Daniella Shutov (ISR)
(Submission round 1)
Middleweight:
Joan Arastey (ESP) bt Omran Chaaban (LEB)
(Unanimous decision)
Welterweight:
Bruno Carvalho (POR) bt Souhil Tahiri (ALG)
(TKO)

Company%20profile
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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

World Cup warm up matches

May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff

May 25 England v Australia, Southampton; India v New Zealand, The Oval

May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff

May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval

May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Wonka
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The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

FULL%20RESULTS
%3Cp%3E%3Cstrong%3EMiddleweight%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEslam%20Syaha%20(EGY)%20bt%20Robin%20Roos%20(SWE)%20%0D%3Cbr%3E%3Cstrong%3E%0D%3Cbr%3EWelterweight%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAlex%20da%20Silva%20(BRA)%20bt%20Bagyash%20Zharmamatov%20(KGZ)%20%0D%3Cbr%3EMurodov%20Samandar%20(TJK)%20bt%20Lucas%20Sampaio%20(BRA)%20%0D%3Cbr%3EShakhban%20Alkhasov%20(RUS)%20bt%20Salamat%20Orozakunov%20(KGZ)%0D%3Cbr%3EKhotamjon%20Boynazarov%20(UZB)%20bt%20Mikail%20Bayram%20(FRA)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EBantamweight%20%3C%2Fstrong%3E%0D%3Cbr%3EJieleyisi%20Baergeng%20(CHN)%20bt%20Xavier%20Alaoui%20(CAN)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EFlyweight%20%3C%2Fstrong%3E%0D%3Cbr%3ERashid%20Vagabov%20(RUS)%20bt%20Lun%20Qui%20(CHN)%20%0D%3Cbr%3EYamato%20Fujita%20(JPN)%20bt%20Furkatbek%20Yokubov%20(UZB)%20%0D%3Cbr%3EAaron%20Aby%20(WLS)%20bt%20Joevincent%20So%20(PHI)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20176lb%20%3C%2Fstrong%3E%0D%3Cbr%3EMark%20Hulm%20(RSA)%20bt%20Erkin%20Darmenov%20(KAZ)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20160lb%20%3C%2Fstrong%3E%0D%3Cbr%3ERustam%20Serbiev%20(BEL)%20bt%20Anar%20Huseyinov%20(AZE)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150lb%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EIslam%20Reda%20(EGY)%20bt%20Ernie%20Braca%20(PHI)%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EFlyweight%20(women)%3C%2Fstrong%3E%20%0D%3Cbr%3EBaktygul%20Kurmanbekova%20(KGZ)%20bt%20Maria%20Eugenia%20Zbrun%20(ARG)%20%0D%3Cbr%3E%3C%2Fp%3E%0A
While you're here

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MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

Updated: April 28, 2023, 12:38 PM