logo
Golden Heritage: Modern jewels with a look of Asian tradition

Golden Heritage: Modern jewels with a look of Asian tradition

There's something interesting happening in the space of Asian jewels. As gold prices have soared and soared, the allure of yellow gold—the colour that best shows the precious metal's natural hues and lustre—has risen in tandem. Gold has become a popular and trending safe haven asset once more. Even as creative designers flock to silver for a more affordable medium, high-carat gold jewellery has gained in popularity. Think of it as a way to wear your investments.
That's become evident in the glut of brands offering high-karat gold pieces today. What used to be, frankly, dowdy and ostentatiously over-yellow (the sort of jewellery one might receive as a dowry or betrothal gift, say, that's kept in a safe and never worn) is taking on surprising new life.
Stalwart Singapore jewellers like Goldheart and Lee Hwa, for instance, have introduced new collections of high-karat jewellery that offer a more wearable contemporary sensibility. Goldheart's line is named Gu Fa Jin, which translates from mandarin to mean ancient, or traditional, gold; while Lee Hwa's is named Imperial Gold. Both, you'll notice, allude to time-honoured Chinese methods of gold jewellery craftsmanship.
This relation to heritage craftsmanship is also seeing a resurgence from Chinese and Hong Kong brands. Qeelin, a Hong Kong-based jeweller founded in 2004, is named after an auspicious Chinese mythical creature, and has a bestselling collection based on the traditionally lucky gourd designs of Chinese culture. It's a part of the Kering luxury conglomerate that owns brands like Gucci, Saint Laurent and Bottega Veneta. And while luxury fashion brands are, on the whole, seeing a slowdown, Kering reported that in the first quarter of 2025 'Qeelin achieved outstanding growth'.
Or look to the casino level of The Shoppes at Marina Bay Sands, where one of China's buzziest new jewellers has recently opened up shop. Laopu Gold, founded in Beijing in 2009, translates from Mandarin to mean, incredulously humbly, 'old shop'. Think of it, perhaps, as analogous to the literal understatement of Bottega Veneta—which roughly means 'Venetian shop' in Italian.
Laopu trades on handcrafted high-karat gold—23-carats, or 990, or 99% gold by purity, and purports to use heritage savoir-faire that dates back to imperial palace jewellers. The look of its pieces—jewels, as well as lifestyle objects like hammered gold teapots and calligraphy brushes with bamboo-shaped gold handles—is deliciously luxe and cultured. Its success so far has earned it comparisons and monikers such as 'China's Hermès of gold'. Its outpost in Singapore's Marina Bay Sands is the brand's first outside of mainland China, Hong Kong and Macau.
So it's clear that the aesthetic of Asian jewels is on the up. Here, Vogue curates a selection of pieces that, directly or obliquely, tap into the look. Courtesy of Risis
1 / 18 Risis SG60 Resilient Cambria Orchid brooch in encapsulated 24-carat Swiss gold and palladium with an Akoya pearl, $350, limited to 60 Courtesy of Qeelin
2 / 18 Qeelin Wulu petite necklace in 18-carat rose gold with diamonds and red agate, $2,800 Courtesy of Sue Ling
3 / 18 Sue Ling ring in 18-carat rose gold with imperial jade, diamonds, yellow sapphires, onyx and mother-of-pearl, price upon request Courtesy of State Property
4 / 18 State Property Idris Warisan bangle in 18-carat yellow gold with diamonds, $8,750 Courtesy of B.P. de Silva
5 / 18 B.P. de Silva Horizon Infinite Band in 18-carat yellow and white gold with diamonds, $9,000 Courtesy of Boucheron
6 / 18 Boucheron Serpent Bohème anklet in 18-carat yellow gold with diamonds, $6,550 Courtesy of Buccellati
7 / 18 Buccellati Opera Tulle bracelet in 18-carat yellow gold, $5,300 Courtesy of Carrie K
8 / 18 Carrie K Blessings Jade Twisty bangle in 14-carat yellow gold with jade and diamonds, $1,950 Courtesy of Goldheart
9 / 18 Goldheart Gu Fa Jin ring in 24-carat gold, $2,340 Courtesy of Louis Vuitton
10 / 18 Louis Vuitton Idylle Blossom ring in 18-carat pink gold with diamonds, $8,250 Courtesy of Lee Hwa
11 / 18 Lee Hwa Imperial Gold earrings in 24-carat yellow gold with diamonds, $528 Courtesy of Tiffany & Co.
12 / 18 Tiffany & Co. Elsa Peretti Bean design ring in 18-carat yellow gold with jade, $2,900 Courtesy of Anabela Chan
13 / 18 Anabela Chan Petunia vermeil ring with lab-grown pink sapphire, £1,190 Courtesy of Pomellato
14 / 18 Pomellato Nudo bracelet in 18-carat rose gold with brown diamonds and white topazes, $13,500 Courtesy of Goldheart
15 / 18 Goldheart Gu Fa Jin Qing Hua earrings in 24-carat yellow gold, price upon request Courtesy of Van Cleef & Arpels
16 / 18 Van Cleef & Arpels Perlée Toi & Moi secret watch in 18-carat rose gold with green jasper, rose quartz, diamonds and mother-of-pearl, $52,000 Courtesy of Chaumet
17 / 18 Bee de Chaumet Pompon pendant in 18-carat yellow gold with diamonds, $32,900 Courtesy of Chow Tai Fook
18 / 18 Chow Tai Fook Rouge pendant in 24-carat yellow gold with diamonds and red enamel, $7,000
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China's WeRide secures LTA approval to run driverless bus without safety officer in Sentosa
China's WeRide secures LTA approval to run driverless bus without safety officer in Sentosa

Business Times

time34 minutes ago

  • Business Times

China's WeRide secures LTA approval to run driverless bus without safety officer in Sentosa

[SINGAPORE] China-based WeRide has secured approval from Singapore's Land Transport Authority (LTA) to operate a driverless bus in Sentosa without an on-board safety officer. This will be the first autonomous vehicle (AV) in South-east Asia to run without such personnel on board, the company said in a press release on Thursday (Jul 17). Called the Robobus, the AV had already been plying a route at Resorts World Sentosa (RWS) since last June – but with a safety officer present. Under LTA's AV assessment framework, companies deploying AVs must first pass certain tests and demonstrate safe operations on public roads with safety operators on board. 'Once they pass the assessments, they may proceed to remove the on-board safety operator requirement and replace it with constant remote monitoring instead,' said Lam Wee Shann, LTA's chief technology officer. Jennifer Li, chief financial officer and head of international at WeRide, said that LTA's approval 'demonstrates that our vehicles are safe, reliable, and ready to transform public transportation at scale'. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The Robobus connects key points within RWS on a fixed 12-minute loop. It is equipped with lidar technology, cameras and sensors capable of detecting obstacles more than 200 m away. The bus has not had any safety incidents thus far, said WeRide. The company was given the green light as Singapore eyes greater deployment of AVs. In June, Acting Minister for Transport Jeffrey Siow said that he expects AVs to be on the Republic's roads in the next five years. WeRide runs a research and development (R&D) centre in Singapore, with support from the Economic Development Board (EDB). EDB executive vice-president Cindy Koh welcomed more companies to collaborate with the city-state on AV innovation. She said: 'WeRide is an example of how AV companies can partner with Singapore to undertake AV trials and R&D, and create new jobs such as software development engineers, machine learning engineers and data scientists.' LTA will continue to work closely with companies that seek to deploy AVs to 'alleviate manpower constraints, increase productivity and enhance transport connectivity', said Lam.

No let-up in India's private market boom as investors continue to shun China
No let-up in India's private market boom as investors continue to shun China

Business Times

timean hour ago

  • Business Times

No let-up in India's private market boom as investors continue to shun China

[SINGAPORE] A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country's biggest private credit transaction, are adding fuel to a hot private market. With investors still keeping away from China, traditionally the largest Asian private market, the strong growth in India, in contrast, has been drawing the likes of Temasek, BlackRock and EQT to their hunt for deals. LSEG's data provided to The Business Times shows the value of PE or buy-side sponsor-backed mergers and acquisitions in India soared to US$11.7 billion in the first six months of this year. This was up 88 per cent from the same period in 2024, although the number of deals fell 25 per cent over the same timeframe, to 224. Even with the near-doubling in the value of PE deals, and the record private-credit refinancing by conglomerate Shapoorji Pallonji Group, industry players see no sign of let-up in India's private markets. In fact, they say it will lead the charge in the Asia-Pacific for at least the next five years. This is underpinned by the size of India's economy, its growth trajectory and the youth of its people. The country has a one-billion-strong working population at a median age of 28 years; in 2030, an estimated 36 million families will be nearing the 'affluent' category, that is, earning an average annual income is around US$37,500, making the country one of the biggest growth drivers at Swedish buyout firm EQT. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Hari Gopalakrishnan, partner and head of India at EQT Private Capital Asia, told BT: 'With the Indian economy close to US$4 trillion today, and the overall buyout volume last year was only about US$15 billion ... we still think it is under-penetrated.' Citing the nine-fold growth in India's economy between 2000 and 2024, he said India's economy could expand to between US$8 trillion and US$15 trillion in the next decade or two, if it grows at an annual rate of up to 7 per cent. India's buyout market remains 'under-penetrated,' says Hari Gopalakrishnan, partner and head of India at EQT Private Capital Asia. Four jumbo deals Four deals in the first half of this year were worth at least US$1 billion, including the largest insurance transactions seen in India. Topping the list is German insurer Allianz's sale of its 26 per cent stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for around US$2.8 billion to the Bajaj Group. Another mega deal was global investment firm KKR's exit from its investment in JB Chemicals through a sale to Torrent Pharmaceuticals for US$1.4 billion in late June. Apart from India's robust economic growth trajectory, industry observers also expect the country to continue receiving the capital that is avoiding China. Beelee Seah, partner at Norton Rose Fulbright, said: 'Investors are re-allocating funds that historically have been deployed into China-focused investments, and India – along with some countries in South-east Asia – are benefiting from this 'China plus one' strategy. Soon enough, if not already, investors are looking at India as a core allocation, rather than an emerging-market allocation.' While China remained the biggest PE market for the Asia-Pacific last year in terms of deal value, its growth was modest, and its market share continued to fall, Bain & Co said in a report in March. India was the region's top performer, notching a double-digit growth in deal value and count. That finance and healthcare sectors are leading this first half's deals reflect the rise of India's middle class, along with their needs for financial planning and healthcare, industry players said. Gopalakrishnan said: 'We've historically invested in tech services, healthcare, financial services, and we're looking to add more sectors while deepening our presence in these existing sectors.' The frenetic pace of deal-making however, is leading investors and PE fund managers, known as general partners (GPs) to be wary of overvaluation. Overvaluation concerns In a May report citing a survey of 110 Asia-Pacific fund managers, Bain noted that 75 per cent listed high entry valuations as a key challenge or concern for India. 'We don't think India is a value compared to other emerging markets,' said Vish Ramaswami, head of Asia-Pacific private investments at Cambridge Associates. 'It's a generally rich, fully-priced market, and there's a scarcity value for assets such as hospitals.' Vish Ramaswami, head of Asia-Pacific private investments at Cambridge Associates, says India is a fully-priced market, and not a value buy relative to other emerging markets. PHOTO: CAMBRIDGE ASSOCIATES In healthcare in particular, an industry observer said India's multiples are higher than those in South-east Asia, where they are at unprecedented levels of Ebitda multiples in their 20s. He was referring to earnings before interest, taxes, depreciation and amortisation. But other industry participants disagree, arguing that the Indian market is big enough for investors to find deals. Pallavi Gopinath Aney, partner and joint chair of India group at law firm A&O Shearman, said: 'There is always a risk of overvaluation in any booming market with multiple players competing for available assets, but in India overall, macroeconomic fundamentals have remained strong.' The firm was the legal counsel to Mumbai International Airport's US$750 million financing by US-based Apollo finalised in June. Pallavi Gopinath Aney, partner and joint chair of India group at law firm A&O Shearman, says India's private capital boom is underpinned by strong macroeconomic fundamentals. PHOTO: A&O SHEARMAN In private credit, India has also been hogging the headlines. Apart from the Mumbai airport deal, there was the US$3.4 billion refinancing of local real estate and construction conglomerate Shapoorji, which is India's largest private debt transaction on record. The zero-coupon non-convertible bonds offer an annual yield of 19.75 per cent paid at maturity of three years, to about a dozen investors. These include Ares Management, Cerberus Capital Management, Davidson Kempner Capital Management and Farallon Capital Management. The terms reportedly include three layers of protection for creditors, with one raising concerns: Shapoorji pledging its stake in privately-held Tata Sons worth more than US$18 billion as collateral. Since Shapoorji's holding in Tata Sons might not be transferable, there are questions that creditors may be relaxing their requirements to get into India's hot private debt market. Declining to comment on the Shapoorji deal, Dinesh Goel, partner at Ares Credit Group, told BT: 'We are a decent distance away from a situation in which you would say there is too much capital chasing too few opportunities. 'That's where you see investors going in for risks that they should not have taken. But I don't think they are anywhere close to that.' One point is undeniable: rising competition in the Indian private debt market. Apart from the attractive demographics and India's positive economic growth trajectory, creditor protection has also been enhanced since the country passed its first insolvency and bankruptcy code in 2016, said Andrew Tan, chief executive officer for the Asia-Pacific at Muzinich & Co. 'There's competition from both local players and foreign players,' said Tan, who is also head of Asia-Pacific private debt. The rivalry is more intense for loans to bigger companies, for which more funds are clamouring to participate. That is where creditors are seeing returns fall, he added. On senior secured deals, investors could receive yields of between 10 and 12 per cent around four years ago. Now, it's in the 7 to 10 per cent range. But given the size of the Indian market, Tan said there is 'still good value' in the core middle-market segments, where a company's Ebitda is between US$20 million and US$50 million.

The old Thong Chai Building, a national monument, set to change hands
The old Thong Chai Building, a national monument, set to change hands

Business Times

time2 hours ago

  • Business Times

The old Thong Chai Building, a national monument, set to change hands

[SINGAPORE] The former Thong Chai Medical Institution in Eu Tong Sen Street, a national monument, is close to being sold, The Business Times understands. The asset – with triple frontages along Eu Tong Sen Street, Merchant Road and New Market Road – comprises the building constructed in 1892 and gazetted as a national monument in 1973, as well as a two-storey annexe built in the 1990s. The property is being sold by MMT Singapore Properties, a US-incorporated company that is linked to Forever Living Products, a global multi-level marketing health and beauty business selling mostly aloe vera products; the company is headquartered in Arizona. The incoming owner of 50 Eu Tong Sen Street is understood to be an entity linked to Singapore-incorporated real estate investment company Clifton Partners. The word in the market is that the all-in cost for the buyer is in the S$45 million to S$50 million range. The property is on a site area of about 11,730 square feet (sq ft) with 99-year leasehold tenure from August 1994, leaving a balance term of about 68 years. The total built-up area is about 20,000 sq ft. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up After occupying the 50 Eu Tong Sen Street premises for about two decades, Forever Living recently relocated to Carpenter Street. View of the first courtyard from the second storey shows a roof with concrete ridge frieze, gable walls and ornamental copings. PHOTO: BT FILE Forever Living's late founder, president and chief executive officer Rex Maughan died in 2021. The company is currently helmed by his son Gregg Maughan, who is the CEO; Aidan O'Hare is the president. The former Thong Chai Medical Institution, also known as the old Thong Chai Building, was among the first batch of eight buildings that were gazetted as national monuments in 1973. The status accords the highest level of protection for built heritage, that is, preservation under the Preservation of Monuments Act. The second courtyard with a view of an original timber screen with the Chinese characters Fu, Lu and Shou – the Chinese deities of good fortune, prosperity and longevity, respectively. PHOTO: BT FILE Industry observers expect the new owner of 50 Eu Tong Sen Street to refurbish the asset in accordance with guidelines stipulated for national monuments. Potential uses may include suitable wellness, lifestyle or food and beverage concepts. Clifton has experience restoring and uplifting heritage properties. An example is the conservation shophouse at 75 Maude Road in the Jalan Besar area. This is where Singapore's founding prime minister Lee Kuan Yew hid during the Japanese Occupation, to escape a mass screening and almost-certain death. Describing the former Thong Chai Medical Institution, Vernon Cornelius and Valerie Chew, in an article on the National Library Board website, write: 'The building is considered a historical landmark not only because the institution symbolised the spirit of mutual assistance among early Chinese settlers, but also because it is a rare surviving example of Southern Chinese secular architecture.' The Thong Chai Medical Institution was built with the support of philanthropic Chinese businessmen as well as funds raised through public subscription, with the British colonial government providing the land. Completed in 1892, the Thong Chai Medical Institution in Chinatown provided free medical services and herbs to the poor; it was also a centre for activities for the early Chinese community. The building served as the headquarters of Chinese guilds and the venue for various public meetings. The Singapore Chinese Chamber of Commerce operated from an office there until 1906. In 1976, the medical institution moved to a new building in Chin Swee Road and returned the old medical hall to the government, which then spent nearly S$500,000 on extensive restoration and renovation works before the venue was reopened as an arts and crafts centre in 1979. URA sale of site The national monument was packaged with an adjacent vacant site and put up for sale in the early 1990s by the Urban Redevelopment Authority (URA). Architect Chan Seng Kee, through Ke-Cho (Pte) Ltd, placed the highest bid of S$3.89 million for the property at a URA tender that closed in April 1994. His firm Design Environment Group Architects did extensive restoration work on the asset; this included adding a new annexe in the same southern-China architectural style of the original property. The project was completed in 1998. The original configuration of the interior spaces and courtyards was retained. Skilled craftsmen from China were engaged to restore the old Thong Chai Building's detailed features such as the intricate concrete ridge frieze on the roof, with gable walls and ornamental copings. The building was tenanted to a pub-disco and later to two restaurants, but all closed within a short time. Chan then put the property up for sale. In late 2004, it was sold to MMT Singapore Properties. According to an earlier media report, the price was 'under S$7 million'. The premises were spruced up to serve as the new corporate office for Forever Living Products.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store