Saturday, December 29, 2012

12:25 AM

Pimpri man dons bespoke gold shirt

Pimpri man dons bespoke gold shirt

► The 3.25-kg shirt costs Rs 1.27 cr ► 15 goldsmiths took 15 days to fashion it out of 22 karat gold ► 6 Swarovski buttons and a gold belt accessorise it

He calls himself “the gold man” and to live up to this self-image, he ordered himself a shirt in gold. Datta Phuge, a chit fund businessman from Pimpri and whose wife Seema Phuge is an NCP corporator, took the delivery of his custom-made 3.25 kg 22 karat gold shirt on Thursday; he had jewellery weighing 5 kg loaded around his neck and wrists as accessories.
 
His next, but by far more modest, aspiration in the making is a gold covered mobile phone. “The gold shirt has been one of my dreams and I am elated to collect it today. It will be an embellishment to my reputation as the ‘Gold man of Pimpri’,” Phuge told Mirror.Preening over his Rs 1.27 crore costume, he said he will wear it to ring in the New Year on December 31. 

About 15 goldsmiths laboured over 15 days, working 18 hours a day, to make 14,000 gold flowerrings, interwoven with one lakh spangles, which was assembled on a fabric base of imported white velvet. The shirt has six Swarovski buttons and a gold belt to complete the look. 

“After extensive research on the design and the look of the piece, I decided to give it an armour-like appearance,” says Tejpal Ranka who designed this opulent apparel. Phuge, clearly a lover of bling, owns about 10 gold chains (including three chains of 70 tolas or 700 grams each), six bracelets and 25 rings, collectively weighing 10 kilograms. 

But his most prized possessions are custom-made personal effects, which include a pen and a wristwatch made by the same jeweller. Now, the shell of a phone from Nokia’s gold series is being further gilded. It is likely to cost him another Rs 2.5 lakh. 

The phone is expected to be ready in a month’s time. “The body would be retained and the cover would be made in gold. This will be challenging as the elasticity of plastic cannot be matched by gold; so the skill set of the designer is put to a complete test,” said Ranka. 

Phuge sees a lot of wisdom in his style of flamboyance. “People buy cars and go on holidays abroad. For me, gold is the ultimate passion. That is the reason I have spent a whopping amount of money on the shirt. I am looking at it as an investment which will keep appreciating.

I inherited a fair amount of gold; I also want to leave behind a sufficient amount of gold for the next generation,” he explained. He has, however, not set himself a target on the quantum of gold he finally hopes to hoard. He is also not bothered by security concerns. “I have my own security system in place. I always move around with bodyguards,” he said.

Tuesday, December 25, 2012

7:41 PM

Gold ebbs, but sizzle to stay

Gold ebbs, but sizzle to stay

Yellow metal likely to retain its ‘safe haven’ tag. Keep a small chunk in your portfolio, say experts

Gold prices in India are expected to move up in 2013 despite a recent slide, say experts.
Prices of the yellow metal have fallen around 6% so far from its all-time high of R32,975 on November 27. It closed marginally lower on Monday at R30,730 per 10 grams against Friday's close of R30,760.
With Europe still in recession and the US struggling with fiscal cliff issues, gold is likely to retain its “safe haven” tag compared to equities, as investors use the yellow metal to hedge against inflation.
“Major economies around the world are still struggling for growth and various issues including fiscal cliff are still unresolved. Gold’s safe heaven appeal will continue to attract investors in 2013,” said Hitesh Jain, gold analyst, India Infoline. “Moreover, the US Federal Reserve’s decision to keep interest rates low till 2015 augurs well for gold. The recent fall in gold prices should be seen as an opportunity to invest in the long term in the yellow metal.”
“There is a lot of money flowing around the world which would push inflation up,” said Naveen Mathur, gold analyst, Angel Broking. “Gold prices are expected to move up going forward as investors use yellow metal as a hedge against inflation.”


However, it should not mean that an investor should put all her eggs in one basket. Financial planners suggest that investment in gold should not be more than 10% of the total investment portfolio. "If your investment in gold is less than 10% of total investments, then you should go for gold," said Vishal Dhawan, founder, Plan Ahead Wealth Advisors.
Indians bought 607.6 tonnes of gold in the first nine months of 2012 according to the World Gold Council. India's gold import jumped nearly 50% to $60 billion in 2011-12 against the last fiscal year, pushing the current account deficit to a record $78.2 billion or 4.2% of GDP (gross domestic product).

WHAT TOOK THE SHEEN OFF GOLD


The rupee’s decline against the US dollar: From R53 in the beginning of this year, it has so far lost more than R2, or 3.77%, against the $. A weaker rupee makes gold imports costlier

Sluggish domestic demand at prevailing high levels: Investors were seen shifting funds from weakening bullion as equity markets have been rising

Tax on gold sales: The Indian bullion market witnessed a brief closure in March due to traders protest against the budget proposal to hike import duty and levy on branded jewellery, which was rolled back by the government later in April

Recovery in the US: The economic uptrend in the US caused demand for gold, a safe haven investment globally, to dry up

However... High inflation rates, arising from monetary stimulus measures, may bring investors back to gold as a hedge against price-rise.


THE 24-CARAT QUESTION


Gold seems to be losing ground. Should you continue to bet on it?
R3,440 or 12.7%*

Rise in gold prices in 2012
R6,605 or 32.1% Rise in prices in 2011
R32,975 per 10 grams All-time high gold price, recorded on Nov 27, 2012
6% Fall in gold prices from its lifetime high
R7,220 or 14.2% Rise in silver prices, per kilogram, in 2012
7:16 PM

Jewellery should whisper

Jewellery should whisper


My favourite piece of jewellery is an antique choker-set that my father bought me at an auction at Hyderabad. It is priceless in its setting, stones and sentiment not just because it was given to me by my beloved parent but also because it is not garish. The peacocks set in emeralds and rubies on it are stunning.
The piece of jewellery that I have owned for the longest duration is an emerald necklace set in diamonds. It was gifted by my grandfather to my grandmother when he produced his first Hindi film. I inherited this classic beauty (which he called ‘Venus’ after Madhubala who starred in the film) and wear it with gowns, because it symbolises longevity in family relationships for me.
I am most fond of the traditional and fusion polki and kundan jewellery that I have inherited from my family. I also like contemporary settings and chic edgy pieces with floral or animal designs that I can wear with business suits or evening gowns, the latter which I absolutely adore.
I also love rubies, yellow African diamonds, rare precious stones in dramatic colours set with some diamonds rather than the prosaic solitaires that people seem to be flaunting nowadays.
My philosophy about jewellery is that it should whisper not shout, it should be about beauty and not about a vulgar display of wealth. It must be about nonchalance and should be worn keeping in mind the outfit. I’d never recommend sporting jewellery sets, as this is passé, instead I’d go with one dramatic focal point that speaks out and then I’d understate all else. For example if your choker is flamboyant, let the ring, arm cuff and earrings be subtle.
My jewellery dream is to have an edgy sculptural necklace made by a funky sculptor like Jahangir Jani or Arzan Khambatta. I am attracted to the offbeat and innovative.


7:13 PM

Sudhirr Singh of ‘Adaaliz’ is a jeweller who has rendered worthy service to his customers over the two-and-a-half decades that he has been selling jewellery

In pursuit of adornment
Sudhirr Singh of ‘Adaaliz’ is a jeweller who has rendered worthy service to his customers over
the two-and-a-half decades that he has been selling jewellery

I meet up with jeweller Sudhirr Singh in his cosy showroom ‘Adaaliz’ on Hughes Road, which also houses the office spaces of some of the most affluent jewellers in town. I step up to a brightly lit space which showcases a veritable gamut of every woman’s dream – diamond necklaces, rubies, emeralds and precious stones galore. Walking upto his office upstairs, I meet a man who seems extremely serious about the jewellery that he serves up customers.
Sudhirr and his family, who hail from Bhagalpur in Bihar, have been in the jewellery business for nearly two-and-a-half decades, he says. Sudhirr, who started out by exporting loose diamonds to the Far East, has two brothers, both of whom are also in the same field – in Bangkok and in Bangalore respectively. He started ‘Adaaliz’ on his own two-and-a-half years ago after being in partnership with his brothers for about two decades. “There’s more freedom and creativity when one has the licence to take one’s own decisions,” he says. “The demand for jewellery in India is growing by the day.” So moving from Panchratna, Opera House, he shifted to being his own man on Hughes Road.
Sudhirr’s showroom specialises in bridal jewellery of a fine sort in keeping with the word Adaaliz which is a European name for ‘of the nobility’. “Diamond studded jewellery is a favourite with my customers, many of whom are female,” he says adding that making lightweight jewellery with fine diamonds is ‘Adaaliz’s specialty. For Sudhirr, helping conceptualise the jewellery he sells is the most exciting part despite the fact that he has in-house designers at work. “People want unique sorts of jewellery nowadays and tastes among customers differ widely.”
For a workaholic like him who works till 9 pm each day, keeping a work-life balance is confessedly difficult. But he does treasure the times he spends with his family over the weekends. Something that he most looks forward to every year is travelling to Hong Kong for the annual jewellery fair that never fails to inspire him.
Sudhirr’s success mantra is simple: “Work hard, be creative and provide satisfaction to customers”. And last but not the least, he believes in being positive. For someone like him who forms part of the large USD 30 billion jewellery business in India annually, one which exports 95% of the world’s diamonds, the future looks bright.



Monday, December 24, 2012

9:01 PM

Party on! Accessories can make or break your outfit. We tell you how to get it ri

Party on!
Accessories can make or break your outfit. We tell you how to get it right

As the party season gets in full swing, there’s no better time to update your wardrobe. Along with stocking up on the latest trends in dresses, you’re also going to need some stylish statement pieces to complete your look. Ayesha Kapur, from Ayesha accessories, says for the disco queen look, metal mesh earrings and neckpieces in all colours ranging from silver and gold to pink, blue and black glitter are in vogue. “Neon is another super craze. Earrings and neckpieces in electric green or orange are sure to grab attention. Chunky necklaces are also great, but multiple long chains in metal seem to be the hot thing this season,” she says.
Jewellery designer Vasundhara Mantri feels flowers are a real hit this season, and feature in her necklaces, rings and bracelets. “Chandelier earrings add a beautiful, feminine touch. Even layered earrings are very trendy this season, and can be bought in both precious and cosmetic metals. Pair a chunky statement neckpiece in muti-coloured gemstones, silver and gold rhinestones, and black beads with your solid-coloured dress. Further, square, triangle, cubic, and round bracelets bring some arm candy to your look,” adds the designer.
When it comes to bags, clutches with chains still rule. Accessory Designer Pinky Saraf says deep hues like indigo, emerald, royal blue are popular favourites. “When dressing for a party, go with gold sequins or metallic pieces to add a touch of bling. Personally, I incorporate kundan, diamantes and polkis in my pieces as it gives a quirky mix of traditional and modern,” she adds.
Footwear designer Rohan Arora says since the party season means lots of dancing, opt for something comfortable for your feet, preferably flats. “If you can’t go for flats, I’d recommend platform heels. But stilettos are a complete no-no. Boots are also popular this season but opt for ones in lighter fabrics like khadi or kalamkari work. Hand-embroidered jootis look fab even when teamed with Western silhouettes. Go for footwear in deep colours like wine red and ink blue and go all out with bling by pairing crystal-studded sandals with your outfit,” he says.




Wednesday, December 12, 2012

12:08 AM

Gem of passion – The ruby! This wine-red precious stone has intoxicated for centuries with its power and beauty

Gem of passion – The ruby!
This wine-red precious stone has intoxicated for centuries with its power and beauty
According to legend Kublai Khan once offered to part with a city in exchange for a ruby in the King of Ceylon’s possession. Gustavus III of Sweden presented one, now in the Russian regalia, to the Empress Catherine, which was apparently the size of a pigeon’s egg. And the Burmese government sent two rubies to London in 1879, one of which, reduced by re-cutting to just over 32 carats, was sold for 10,000 pounds of those days; the other, of about 38.5 carats, was sold for 20,000 pounds.
This deep red stone speaks, to most, of the language of passion. Says jewellery designer Queenie Singh, “It is not just the stone of passion but the stone of attraction as well.” One of the four precious stones in the world – the other three being diamonds, emeralds and sapphires – rubies hold properties that according to astrologers and gemologists can assuage doubt and relieve anxieties. Their courage and passion for life deliver energies that can help one to enjoy life’s upside and confront conflicts in any form as well. With rubies, says popular perception, courage is achieved and they inspire one to keep going.
Designer Farah Khan Ali, who informs that she will be featuring rubies in her next jewellery collection, says that they are a stone that can be worn at any time of day. “They are basically a feminine stone and can be worn either casually during the daytime, or formally at night. Sometimes on an evening out, soft lighting can accentuate their appeal enormously.”
Designer Varuna D Jani says that while she loves both rubies and emeralds, rubies are the more popular stone among her clients. “Rubies can be worn by young and old alike – even 18-year-olds can wear them – unlike emeralds which do not suit everybody,” she affirms. Varuna adds that she sells Burmese rubies at her showroom which are the best in the world but which are also relatively rare now.
Generally speaking, naturally occurring rubies are considered the most valuable, though nowadays many rubies are synthetically treated with colour inclusions that makes their colour richer and more vibrant. “The most superior rubies in the marketplace are the ones with the least colour inclusions,” says Varuna. On the other hand, as Queenie rightly adds, colour inclusions often increase a ruby’s buying appeal especially among those looking for more intense and vivid colours.
According to the Gregorian calendar, the ruby is generally considered the birthstone of the month of July, while the Hindu calendar considers it as the birthstone of the month of August. In fact, a verse dating to 1870 describes it in an amusing form:
“The glowing ruby shall adorn, Those who in July are born; Then they’ll be exempt and free
From love’s doubts and anxiety.”
Rubies are generally worn, astrologically speaking to enhance the power of the Sun in the birth chart. However, it has to be kept in mind that, when viewed from this astrological dimension, the paramount consideration is the time of birth and the consequent ascendant house of the individual concerned.
ruby
ruby necklace

ruby ring

ruby necklace, earrings, ring

ruby sandal



Where rubies come from
Burmese rubies have traditionally been held as the most superior sort in the world, and Burma was considered the primary source for rubies for centuries. However contemporary and the most commonly available rubies come from Thailand and Africa. Farah Khan Ali says that her upcoming collection features rubies from the Mozambique mines in Africa.

The Ruby anniversary
The 40th anniversary of a wedding or an organisation is generally considered the ruby anniversary with the most appropriate gift for the recipient being in that stone. Additional ways to spice up a ruby anniversary are by using ruby red on flowers, cards, wrapping and associated gift items; by setting the table with a ruby red tablecloth or employing tableware with a ruby red trim; using ruby red candles, ruby red colored vases for flowers etc. And last but not the least, toasting with a ruby red drink or even red wine.