The fickleness of fashion could rob us of history



For most people whose only involvement in fashion is casual - the odd trip to a mall to stock up on T-shirts and shoes - it is a world for which the word "fickle" might have been invented.

The boot-cut jeans you thought really suited you are now unavailable because everyone's producing skinnies, which don't do anything for you. The investment you made in a really good jacket, on the advice of a fashion magazine that told you it would look good for a decade, is wasted because suddenly the shoulders seem strangely wide, the waist too defined, the lapels too extravagant. Why? Because fashion told you so.

It's how, necessarily, our clothes are able to meet the demands of the modern world, but that approach is to overlook the meaning and the craftsmanship that is at the heart of fashion.

The cultural implications of even the anti-fashion looks - the hoodie, the preppy, the corporate - make this a constantly fascinating subject. And the art of creating the embroideries of Pakistan, the prints of Japanese kimonos or the rigid structure of British model millinery transform certain elements of clothing into artefacts that will never date. My 1920s opera coat, for example, is not in fashion - but then it's not out of fashion either, and never will be because it's a piece that has stood the test of time. That's part of the appeal of vintage fashion.

In fact, this is something that absorbs many fashion designers far more than the relentless swing of the trend pendulum. They are often compulsive collectors of vintage pieces - Victorian lace, 1930s buttons, 1950s hats - and antique costumes, whether as inspiration for their own designs or simply as extraordinary objects in themselves. John Galliano, in his heyday, was known to frequent the markets of Camden Lock (strangely to the disgruntlement of many of the traders, who grumbled that the vintage pieces at their stalls would be seen on the catwalk two years thence).

When I met the Emirati shoe designer Sultan Al Darmaki at his home in Richmond, London, last week to talk to him about the Victoria & Albert Museum's acquisition of one of his designs for their permanent collection, this was an aspect of fashion that occurred to me again.

It wasn't just because Darmaki's shoes are now part of one of the world's great fashion collections, there for posterity, to be studied by future generations as their current holdings are studied by today's designers. It was because on his wall was the most extraordinary 18th-century Ottoman robe, spread out on a canvas so that as much detail as possible was visible. It was made in a colourful ikat silk - a complex, painstaking weave that has huge amounts of meaning and history across the east and Central Asia, from Turkey to Japan - and in it I saw the inspiration for his next colourful collection of shoes. On another wall was a tiny, intricately embroidered bolero jacket, while his chaise longue was upholstered by a pair of Beiruti designers using a patchwork of vintage Middle Eastern fabrics.

Each of those pieces had a story to tell, and the pre-industrial techniques that were used rendered them more unique and precious than 50 Topshop frocks (if far less wearable and useful). The fact that they had been preserved for so long was a reminder of the great value that we once placed on clothes and craft, before we demanded the disposable.

A few days later, I visited an exhibition of the Staffordshire Hoard, the largest collection of Anglo-Saxon treasure ever unearthed in Britain. Around 1,400 years old, it consists almost entirely of weaponry, and what weaponry it was: gold sword pommels, exquisite garnet cloisonné panels and filigree swirls so minuscule that even with a magnifying glass it is hard to comprehend the detail.

How exactly these pieces were made remains a mystery, baffling modern jewellers. What they show, though, is that while no written record of their owners remains, these pieces of fine craftsmanship can tell us an extraordinary amount about who made and wielded them, the culture in which they existed and the values by which the wearers lived.

Fashion, in other words, might be ephemeral when we're shopping on the high street, but those pieces that are timeless and yet utterly of their time - the Darmaki shoe, the Stephen Jones hat, the Anglo-Saxon sword pommel, the Roman brooch, the ancient glass beads - show that costume offers an unrivalled means to interpret life and history.

Darmaki spoke of the inspiration he took from his grandmother's burqa when he designed his Lydia shoe, and there is still an opportunity to record the history of costume in the Emirates from living sources. I hope that project is being undertaken by some enterprising and fashion-loving soul.

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Left Bank: Art, Passion and Rebirth of Paris 1940-1950

Agnes Poirer, Bloomsbury

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Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

'THE WORST THING YOU CAN EAT'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

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Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

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Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

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

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Our Time Has Come
Alyssa Ayres, Oxford University Press

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If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
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Name: HyperSpace
 
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The years Ramadan fell in May

1987

1954

1921

1888

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.”