India Luxury Market
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Expected to fetch about US$80 million, an auction of rare & magnificent Jewels and Jadeite, in Hong Kong, will also offer a very rare 7.59 Carat Premier Blue Diamond, this season. The unusual round Blue Diamond will be auctioned at Sotheby’s Hong Kong on October 7 and could cost the bidder more than US$19 million. The internally flawless Blue Diamond will be the star Jewel of the auction. It is the largest vivid Blue Diamond ever graded, by the Geological Institute of America.
This Diamond will be previewed around London, New York and some countries in Asia before it goes under the hammer in Hong Kong. The Blue Diamond is a rare gem. It has an even and saturated pure blue hue and a round cut which is a rare shape for coloured diamonds. Coloured diamonds are rarely cut in round shape, to avoid wastage. Coloured Diamonds are more precious than white diamonds.
In 2011, Sotheby’s sold a 6.01-carat Vivid Blue Diamond at US$1,686,505 per carat in Hong Kong.
Celebrating its 40th anniversary in Asia, Sotheby’s will auction a gem collector’s delight – about 330 lots of colourful diamonds and gems, including the Premier Blue Diamond, that are all together expected to gather more than US$80 million.
Shilpa is a world renowned journalist and an expert in decoding India and Asia’s luxury markets for global readers. Her original, in-depth reports and analysis are frequently featured in prestigious international titles across the UK, China, Hong Kong, Switzerland, and Oman.
India is cutting import duties on many luxury goods; cars, watches, cosmetics & wines through new trade deals with the EU, UK, UAE, Switzerland and Australia. Lower taxes will boost demand of foreign luxury goods in India, encouraging more global brands to enter and expand in the market.
At key global red carpet events, Alia Bhatt has out-ranked icons like Zendaya and Kendall Jenner, while generating multi-million dollar EMV for brands like Gucci & L’Oréal. Discover how the Indian actress strategically built her influence from a teenage movie star to an ROI magnet from south Asia.
India is significantly reducing import duties on alcoholic beverages and liquor – premium wines, whisky, beer, rum, vodka and tequila – as part of new trade deals with the UK, EU, Australia, New Zealand, Switzerland and Finland. See which major alcobev brands and spirits will benefit the most.
His watches are priced at an average $100,000 and yet attract a long waiting list of buyers. Even Chanel has acquired a stake in his company. He has won every major watch industry award in the world. Meet Maximilian Büsser, the Swiss-Indian watchmaker and founder of the unconventional watch brand MB&F
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