Piaget's Limelight Gala watch is set with emerald, diamonds, rose gold and chrysoprase, a milky green quartz. Photo: Piaget
Piaget's Limelight Gala watch is set with emerald, diamonds, rose gold and chrysoprase, a milky green quartz. Photo: Piaget
Piaget's Limelight Gala watch is set with emerald, diamonds, rose gold and chrysoprase, a milky green quartz. Photo: Piaget
Piaget's Limelight Gala watch is set with emerald, diamonds, rose gold and chrysoprase, a milky green quartz. Photo: Piaget

Piaget partners with Arab designers for House of Gold exhibition at Art Dubai


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Swiss jewellery house Piaget has rekindled its partnership with Art Dubai – collaborating with Emirati jewellery designer Shamsa Alabbar and Saudi fashion designer Razan Alazzouni – for a glittering exhibition called House of Gold.

After an absence of four years, the maison has returned for the 2024 season with a major showing of its jewellery and watches. “It was a natural choice for us,” Piaget chief executive Benjamin Comar said about taking part in Art Dubai to mark the brand's 150th anniversary. The art show is at Madinat Jumeirah until Sunday.

The exhibition is described as a “dialogue between the maison's rich heritage and vibrant present”. This translates as a journey through Piaget's mastery of gold, with one-of-a-kind high jewellery masterpieces and a vintage favourite.

The Limelight Gala watch makes up a large section of the show, as it turns 50 this year. To mark this milestone, Piaget has brought together 16 iterations of the watch, from a matte gold timepiece encircled with ring of white diamonds, to one with a dial framed by a swirling comet of coloured gemstones.

Piaget also invited Emirati designer Alabbar to collaborate on a watch, which made its debut at Art Dubai.

The Limelight Gala watch designed by Emirati jewellery designer Shamsa Alabbar. Photo: Piaget
The Limelight Gala watch designed by Emirati jewellery designer Shamsa Alabbar. Photo: Piaget

The first Arab designer to etch a design into the dial of the timepiece, Alabbar's take on geometric patterning – now shown as shaded matte yellow gold on the dial – signals a key moment for both the brand and the region.

Drawing together Alabbar's signature Token motif, the precision of Arabic calligraphy and the repeating mashrabiya pattern, the watch has a dial marked with a linear, diamond design and is limited to 20 pieces.

Piaget also invited Saudi designer Alazzouni to create an artwork based on one of the Limelight Gala watches. Alazzouni selected a watch made in gold as her inspiration, with a starburst dial set with emerald, diamonds, rose gold and chrysoprase, a milky green quartz.

The watch's rich surface textures nestled closely together led Alazzouni to cover her garment in dense gold embroidery.

Also included in the exhibition is the reissued Polo 79. First released in 1979, it became a key design in the 1980s, and achieved a devoted following.

The reissued Polo 79 is limited to just 79 pieces worldwide. Photo Piaget
The reissued Polo 79 is limited to just 79 pieces worldwide. Photo Piaget

Made initially in response to Piaget customers requesting a sportier version, it was the maison's first foray into this less formal genre and was even water-resistant.

An immediate hit with clients, the Polo 79 is regarded as something of a cult piece. This 38mm reissue is limited to 79 pieces worldwide.

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
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Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
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2019 ASIAN CUP FINAL

Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
%3Cp%3E%3Cstrong%3EEdinburgh%3A%3C%2Fstrong%3E%20November%204%20%3Cem%3E(unchanged)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBahrain%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2015)%3C%2Fem%3E%3B%20second%20daily%20service%20from%20January%201%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKuwait%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2016)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMumbai%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAhmedabad%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColombo%3A%3C%2Fstrong%3E%20January%202%20%3Cem%3E(from%20January%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMuscat%3A%3C%2Fstrong%3E%3Cem%3E%20%3C%2Fem%3EMarch%201%3Cem%3E%20(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELyon%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBologna%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Emirates%3C%2Fem%3E%3C%2Fp%3E%0A
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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

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.”

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Updated: March 01, 2024, 2:06 PM