Pantone's colour of the year 2022, Very Peri is a blend of blue and violet-red. Photo: Pantone Colour Institute
Pantone's colour of the year 2022, Very Peri is a blend of blue and violet-red. Photo: Pantone Colour Institute
Pantone's colour of the year 2022, Very Peri is a blend of blue and violet-red. Photo: Pantone Colour Institute
Pantone's colour of the year 2022, Very Peri is a blend of blue and violet-red. Photo: Pantone Colour Institute

Pantone creates new shade for its colour of the year 2022


Panna Munyal
  • English
  • Arabic

The unusual times we find ourselves in have coloured almost all aspects of our lives. So it’s not surprising that Pantone, the institute that is recognised as the global authority on colour trends, has eschewed every shade from its rather substantial palette archive and come up, for the first time, with an entirely new hue for 2022.

Very Peri, Pantone’s colour of the year, is a fusion of blue and violet-red. The periwinkle shade is meant to exude a blend of trustworthiness, tranquillity and comfort (from the blue) and energy, joy and creativity (from the violet-red). It is, says Laurie Pressman, vice president of the Pantone Colour Institute, representative of “the expansive possibilities that lay before us”.

While it acknowledges the challenges of the past, the shade is more about looking ahead to a bright future, said the company.

“Displaying a carefree confidence and a daring curiosity that animates our creative spirit, Very Peri helps embrace this altered landscape of possibilities, opening us up to a new vision as we rewrite our lives. Rekindling gratitude for some of the qualities that blue represents complemented by a new perspective that resonates today, Very Peri places the future in a new light.

“We are living in transformative times. Very Peri is a symbol of the global zeitgeist and the transition we are going through. As we emerge from an intense period of isolation, our notions and standards are changing, and our physical and digital lives have merged in new ways.”

The institute's past colours of the year include: Ultimate Grey and Illuminating Yellow in 2021; Classic Blue in 2020; and Living Coral in 2019.

Pantone’s shade of the year is based on its analysis of pop culture, fashion trends and sporting events, as well as popular travel spots, offerings from the entertainment industry and the latest technologies. Alongside, the institute’s colour choice typically acts as a cue for fashion, interior and industrial designers to adapt into their collections and concepts. Periwinkle curtains, anyone?

What designers say

Kate Instone, celebrity interior designer and founder of Blush International, says: "How we'll use Very Peri in our interiors depends on how brave our clients will be! We are currently working on Caroline Stanbury's new home in Dubai and we know she will be obsessed with this colour. I can imagine her full kitchen finished in Very Peri with Bianco Lilac marble tops. For our more conservative clients, we will use Very Peri as an accent colour, for a curtain trim, scatter cushions or maybe for the occasional bold chair.

"This is also a wonderful colour to use in your garden or on your terrace. It will lift your exterior space; use it for accent cushions and throws on your sofa and chairs and maybe even in your outdoor rug.

Very Peri makes for a great accent colour, and can be used in cushions, rugs and throws. Photo: Louise Mead
Very Peri makes for a great accent colour, and can be used in cushions, rugs and throws. Photo: Louise Mead

I am delighted that a such a bright and pretty colour has been selected as Pantone colour of the year," continues Instone. "After a few years of uncertainty, we all need some colour in our lives. So many people are scared to use bright shades, but a colourful room is such a mood lifter, I highly recommend it."

Sabrina Panizza and Aude Lerin, co-founders of Pl Studio, say: “We love the positive energy of certain hues, so we are excited to see the creation of Very Peri, which makes blue, a calming and serene colour, more vibrant and dynamic thanks to the addition of a red undertone.

"If you are brave enough to embrace a bold interior, use this energetic colour on your walls for a high-impact design element.

More adventurous home decorators can get a Very Peri accent wall, wallpaper or countertop. Photo: Mineheart
More adventurous home decorators can get a Very Peri accent wall, wallpaper or countertop. Photo: Mineheart

"You can also experiment with an eye-catching combination of Very Peri and an intense flamed orange red, such as Troubadour by paint manufacturers Craig & Rose, to create geometric shapes. Have fun with the geometric patterns, but ensure that you always create balance in your interior space with some accents of the same hues (they can also be softer or stronger shades of the same colour) throughout the room, in order to achieve a harmonious design.

"For those who would like to introduce Very Peri into their homes in a more subtle way, we recommend focusing on soft touches, like throws, pillows and area rugs. Pair Very Peri with a bright yellow for a high-spirited and joyful interior space to get your creative juices flowing and start the New Year off with fresh energy.”

Mariam Akolade, a design consultant at Ethan Allen, meanwhile, is of the opinion that less is more when it comes to dynamic colours such as Very Peri. “When incorporating a bold shade, use the 60-30-10 rule. Select three colours; your primary colour is a dominant neutral shade that will be used in 60 per cent of the space. Next comes your secondary colour, which will take up 30 per cent. Lastly, use the boldest color in the remaining 10 per cent. Veri Peri can be used as this accent shade rather than a focal point, to ensure the space remains balanced, while still accentuating the dynamic blue hue.”

The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

SPECS
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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.”

The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

Updated: December 09, 2021, 12:51 PM