It is said that there are no wrong answers when it comes to interpreting art, be that the hidden message in a poet's plea or the intent to conceal more than reveal in a master's painting. When Lily Gabriella happened upon Louvre Abu Dhabi, her first unbidden thought was that its dome resembled a honeycomb, that most intricate of structures often alluded to as nature's favourite pattern.
The Honeycomb ring, part of a nine-piece capsule collection that the Brazilian jewellery designer has created for Sotheby's Diamonds, takes its inspiration directly from architect Jean Nouvel's latticed canopy. Louvre Abu Dhabi's dome is famed for creating a "rain of light" effect as the sun passes overhead. Accordingly, the light from the fiery 6.12-carat, fancy intense yellow diamond radiates along the ring, dappling the white diamonds painstakingly handset into hexagonal cavities.
"I am fascinated by architects who push the boundaries of design and Nouvel's dome is a play of colour and light, which is exactly up my alley. It's a work of art in itself, a permanent installation for the Louvre," Gabriella says. "I also wanted this ring to showcase the geometric perfection found in nature, and what is more organic than the honeycomb?"
This is not the first time the designer has translated architectural landmarks into precious yet wearable pieces of art. The Halcyon earrings, which are also part of the Sotheby's Diamonds collection, for instance, mimic the intricate lines of the Chrysler Building.
Gabriella, who trained at the Gemological Institute of America in New York, says some of her most cherished moments in the city were on “sunny days, when the skyscrapers would light up and the city resembled a mirror from a golden, glamorous, Gatsybian age”.
The solar motif also comes through in an Art Deco-inspired cuff that has a 21.15-carat oval-cut diamond at its centre.
“The paradox with big stones is that, often, you’re unable or afraid to wear them, which is a shame. Given how incredible these diamonds are, I wanted to design something that someone can actually put on, not keep in the closet. So I designed the Solar Cuff such that the stone sits within it, almost like in its own little jewellery case; it’s not staring at you,” Gabriella explains.
While the Sotheby's collection focuses on diamonds, Gabriella admits she has a penchant for coloured gemstones. "I love that they provide such a wide palette of shades to play with. Some play it safe and only ever opt for 'investment stones' – diamonds, rubies, sapphires – but I think it's also nice to incorporate agate, tsavorites, coral and carnelian, and educate people about these various other stones that we have access to. I don't discriminate between classic and coloured stones."
After her New York stint, the designer – who was born in Brazil, grew up in Monaco, worked in Switzerland and lives in London – launched her eponymous fine jewellery brand in the United Kingdom in 2011. She is set to open her first store in London later this year, and currently operates via Instagram. "It's like a window display to showcase my jewellery around the world. Many need to touch and try on fine jewellery, myself included, but luckily I have been able to translate my pieces online in a natural way that speaks to people. I think social media is definitely impacting and changing the way people shop, even for expensive jewels," says Gabriella, whose capsule pieces range in price from £34,000 (Dh164,375) to several millions.
Her "luck" may be down to posts that are at once pretty and thoughtful. Interspersed between the gem-studded rings, earrings and pendants that Gabriella creates and sells from her Instagram page, is a mix of artworks, sculptures and decorative items. Sitting between slickly edited images of gem-studded jewels are raw shots of Chinese artist Ai Weiwei's pottery, the "bubbles" lamp by Italian interior designer Achille Salvagni and a grainy shot of architect Hiroshi Nakamura's Ribbon Chapel in Hiroshima.
The effect is one of unforced luxury, an acknowledgement of the people, places and objects that inspire her. “I don’t plan the flow of images; I just put up whatever comes to mind,” she says.
“It’s like posting my mood board, and the inspiration and process behind a jewel, which most people don’t really get to see. Jewellery is, after all, a juxtaposition between the raw and the defined.”
Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Neo%20Mobility%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20February%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Abhishek%20Shah%20and%20Anish%20Garg%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Delta%20Corp%2C%20Pyse%20Sustainability%20Fund%2C%20angel%20investors%3C%2Fp%3E%0A
The biog
Favourite pet: cats. She has two: Eva and Bito
Favourite city: Cape Town, South Africa
Hobby: Running. "I like to think I’m artsy but I’m not".
Favourite move: Romantic comedies, specifically Return to me. "I cry every time".
Favourite spot in Abu Dhabi: Saadiyat beach
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
RESULTS
Catchweight 63.5kg: Shakriyor Juraev (UZB) beat Bahez Khoshnaw (IRQ). Round 3 TKO (body kick)
Lightweight: Nart Abida (JOR) beat Moussa Salih (MAR). Round 1 by rear naked choke
Catchweight 79kg: Laid Zerhouni (ALG) beat Ahmed Saeb (IRQ). Round 1 TKO (punches)
Catchweight 58kg: Omar Al Hussaini (UAE) beat Mohamed Sahabdeen (SLA) Round 1 rear naked choke
Flyweight: Lina Fayyad (JOR) beat Sophia Haddouche (ALG) Round 2 TKO (ground and pound)
Catchweight 80kg: Badreddine Diani (MAR) beat Sofiane Aïssaoui (ALG) Round 2 TKO
Flyweight: Sabriye Sengul (TUR) beat Mona Ftouhi (TUN). Unanimous decision
Middleweight: Kher Khalifa Eshoushan (LIB) beat Essa Basem (JOR). Round 1 rear naked choke
Heavyweight: Mohamed Jumaa (SUD) beat Hassen Rahat (MAR). Round 1 TKO (ground and pound)
Lightweight: Abdullah Mohammad Ali Musalim (UAE beat Omar Emad (EGY). Round 1 triangle choke
Catchweight 62kg: Ali Taleb (IRQ) beat Mohamed El Mesbahi (MAR). Round 2 KO
Catchweight 88kg: Mohamad Osseili (LEB) beat Samir Zaidi (COM). Unanimous decision
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
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.”
'Dark Waters'
Directed by: Todd Haynes
Starring: Mark Ruffalo, Anne Hathaway, William Jackson Harper
Rating: ****
More on animal trafficking
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets