Experts say they have found new decoration details in the coronation chair which has been used to crown British monarchs for hundreds of years.
The chair will be used for King Charles III's coronation, which takes place at Westminster Abbey in London in May.
Krista Blessley, Westminster Abbey’s paintings conservator, believes she has found a previously overlooked part of a figure during work to clean and preserve the gilding.
Ms Blessley said: “I think they are previously undiscovered toes in the punch-work gilding on the back of the chair.
“There are areas of drapery where you can tell there would have been a figure. It might be they are figures of kings or it might be a figure of a saint. Because so much is lost we can’t really tell at the moment but I’ll do some further investigation.”
She described her pride at helping to conserve such a historic object central to the life of the nation: “It’s a real privilege to work on the coronation chair.
“It’s so important to our country’s history and in the history of the monarchy, and it’s really unique as a conservator to work on something that’s part of a working collection and still used for the original function it was made for.”
Henry VIII, Charles I, Queen Victoria and the late Queen Elizabeth were all crowned in the historic chair, which bears the scars of centuries of misuse, covered in graffiti carved by schoolboys — but areas of gilding showing elaborate birds and foliage have survived.
The chair was made circa 1300 for King Edward I to house the famous Stone of Scone and was constructed from oak, decorated with coloured glass, gilded with gold leaf and painted by the king’s master painter.
Experts debate about when the chair was first used to crown a monarch but the first confirmed use was thought to be for the coronation of Henry IV in 1399.
Over the centuries, 38 coronation ceremonies for reigning monarchs have been staged at Westminster Abbey with a few notable exceptions such as Edward VIII, who abdicated in 1936 before his coronation.
Much of the graffiti on the inside of the chair’s back rest was carved by Westminster schoolboys and visitors to to the abbey in the 18th and 19th centuries, who left their initials or names.
One tourist carved “P. Abbott slept in this chair 5-6 July 1800” on the seat.
Slithers of wood were also cut off as souvenirs and during a 1914 bomb attack, thought to be the work of the suffragettes, a small corner was knocked off.
In 2010 a major project took place to stabilise the gilding on the coronation chair and clean it. There are now checks every six months.
In preparation for the coronation, Ms Blessley has spent the past four months meticulously preserving the flaking gilding and cleaning the chair’s surface using sponges and cotton swabs.
She said: “It has a very complex layered structure, which means it’s very prone to the gilding on it flaking.
“So a large part of what I’ve been doing is sticking that gilding down to make sure it’s secure, and then I will surface-clean it and that will improve the appearance a little bit.
“If there’s little changes in humidity, the wood moves, and that complex layer structure moves — new areas will lift. I might consolidate something this month, then in two months I might need to consolidate it again.”
On the back of the chair was a painted king, either Edward the Confessor or Edward I, his feet resting on a lion.
The four gilt lions that form the base were made in 1727 to replace the originals, which were not added until the early 16th century.
Ms Blessley commented on the importance of the punchwork decoration to the gilding — intricate tiny dots used to make patterns — saying: “The punchwork is unparalleled really in quality of surviving English art of this time, we have so little that has survived.
“To have something like this is amazing.”
COMPANY%20PROFILE
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
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.”
Results
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INDIA'S%20TOP%20INFLUENCERS
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