Get the lowdown on what Bollywood's stars will be wearing this season with Ajay Pandey, the chief executive of the jewellery company Gitanjali.
How would you describe the changing styles and tastes in Bollywood jewellery?
Jewellery in Bollywood has always been a very rich representation of India’s vast cultural heritage. Traditionally, Indian women love gold and diamond jewellery inspired by the “Royal Era” of Maharanis and Maharajas. One of our brands, Nizam, aims to fulfil that desire with a touch of ethnic culture and the symbol of Royal Gharana’s transcending into bridalwear and even regular wear. This collection is also appreciated by the Middle Eastern aficionados due to the rich designs incorporating rose and flat-cut stones, in addition to Polki (traditional, intricate jewellery sets) and Jadau handwork (highly embellished, statement pieces) by specialised artisans.
How have tastes evolved in recent years and what are the current trends in Bollywood?
Well, glamour has different styles depending on how you want to present it. As much as traditional jewellery is everlasting, so, too, modern Bollywood jewellery has a timeless quality. Contemporary Bollywood jewellery has a certain air of sophistication, using a combination of important, larger-sized diamonds and other precious stones. Modern styles can best be summed up as catering to international tastes – minimalistic designs that still make a strong statement.
Which stones and precious metals are currently in vogue?
Twenty-two-carat gold has always been in the highest demand, however plain diamond-studded jewellery in combination with emeralds, rubies and sapphires are also perennially popular. We’re always innovating and many of our new collections use tourmalines in shades of pink and green which have a distinct appeal. The use of new colours of enamel in traditional jewellery and more artistic creations, plus one-of-a-kind pieces, are also in vogue.
Considering its high price, is gold likely to be overtaken in popularity by other, less expensive precious metals for jewellery?
Absolutely impossible. Gold, today, remains one of the most influential and crucial economic factors, be it at an individual or at a country level, so we will always talk of gold reserves.
Name some examples of stars who have worn particular pieces from Gitanjali’s brands to high-profile events in recent months.
We have several film stars who endorse our brands such as the current reigning queen of Bollywood, Katrina Kaif, for Nakshatra and Priyanka Chopra for Asmi and Bipasha Basu for Gili. The actress Preity Zinta also wore an exclusive Gitanjali piece to the recent IIFA film Awards held in Singapore in June.
• For more information, go to www.gitanjaligroup.com
rduane@thenational.ae
Quick-fire
• Most expensive piece under Gitanjali's brands?
A necklace set with 64.3 carats of diamonds that retails for more than Dh1 million. It’s from our luxury Italian brand Stefan Hafner.
• Fastest-selling item in Gitanjali's history?
The Nakshatra seven-stone floral design available in four patterns and different diamond-weight sizes.
• Diamonds are a girl's best friend, true or false?
The answer is true of course! They were, they are and will always be a girl’s best friend.
What the stars say
• Priyanka Chopra "I feel part of the Gitanjali family as I endorse one of its most spirited brands – Asmi which means 'I am' in Sanskrit. It represents the new-age Indian woman, celebrating her economic and social independence. It has a contemporary and feminine look that is distinctly evocative of strength and grace."
• Katrina Kaif "'Nakshatra' means luck and happiness and I'm fortunate to be associated with a brand that already has a place in the hearts of Indian women."
Gitanjali Group
Established: 1996
Brands in portfolio: 25
Indian diamond jewellery: launched in 1994
'Super Brand' status: achieved in 2004
UAE%20PREMIERSHIP
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KILLING OF QASSEM SULEIMANI
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Racecard
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Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
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.”
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Notable cricketers and political careers
- India: Kirti Azad, Navjot Sidhu and Gautam Gambhir (rumoured)
- Pakistan: Imran Khan and Shahid Afridi (rumoured)
- Sri Lanka: Arjuna Ranatunga, Sanath Jayasuriya, Tillakaratne Dilshan (rumoured)
- Bangladesh (Mashrafe Mortaza)
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)