Monday, June 30, 2008

Exquisite Ebel

From afar I saw a watch resting in its box. I was on the phone, doing a million things, and had no time to take a closer look ... but my eyes kept wandering to the box. I knew there were diamonds on the watch face as they glinted in the overhead light. I was itching to take a closer look. Finally I had a spare moment. I raced to the table and looked at the watch. I should have known ... it was an EBEL BRASILIA Mini Ladies' Watch. I picked up the watch and felt the cool smooth 18K gold beneath my fingers. This watch was perfection, everything in perfect proportion. It imparted a subtle sensuality meant for the wrist of someone special.

"You can never go wrong with this watch," I thought.

Thursday, June 26, 2008

“Investments of Passion” still rank high among the World’s High Net worth Individuals.

The 12th annual World Wealth Report was released this past Tuesday – June 24th by Merill Lynch. Despite grim news about sliding economy’s, recessions and rising living costs, the World’s High Net worth Individuals spent enormous amounts of their wealth on luxury items, last year, quite aptly referred to as “Investments of Passion.” The luxury items include dazzling jewelry, luxury cars, private jets, dog sledding trips beyond the Arctic Circle and luxury watches. The emerging markets such as China, India, Russia and the Middle East are fast becoming big contributors to the global luxury marketplace.
The type of luxury item bought differs from mature to emerging markets, and from region to region. On a global scale 16.2% invested in private jets, luxury cars and yachts, 15.9% fine art and 13.5% on luxury watches and jewelry; travel ranked 4th with 13.5%.
Although luxury watches ranked 3rd on the global scale, luxury watches ranked 1st among the Worlds High Net worth Individuals and Ultra – Worlds High Net worth Individuals in the Middle East and Asia. Asia and the Middle East preferred to spend their wealth on luxury watches, jewelry and gems.
It is not hard to imagine why luxury watches have ranked so lofty in the Global Luxury Marketplace. The mystical revolutions of Jaeger Lecoultre’s Gyrotourbillon or Romaine Jerome’s watches, made in part from the very steel salvaged from the Titanic, among others, are truly “Investments of Passion.”