Hanut Singh's clients include Rebecca Romijn (left) and Meryl Streep. Getty Images / Gallo Images)
Hanut Singh's clients include Rebecca Romijn (left) and Meryl Streep. Getty Images / Gallo Images)

India's crown jeweller



Clad in jeans and a black, sleeveless top that reveal the tattoos on his arms, the jeweller Hanut Singh holds court over an assembled group of adoring customers in the anteroom of Bungalow 8, Mumbai's famed concept store. Pink and purple macaroons are placed like pyramids in dainty containers all around, except that none of the Pilates-toned bodies are touching them.

An attentive waiting staff carries around tall glasses of bubbly refreshments. The women put down their Gucci bags and gush over Singh's latest Moth to a Flame collection, retailing for about US$3,500 (Dh12,856) on average for a pair of earrings. Later, Singh plans to take this collection to New York and Los Angeles, but for now, he is assisting as his loyal customers choose their baubles.

"Darling, that green looks so good against your skin," he pronounces. "Don't you love this?" he asks, picking up a pair of ruby earrings that are carved into the Hindu elephant God, Ganesh. The women pull back their long black hair, and preen before the floor-length mirror. Singh never pushes them to buy. As he says often, his pieces are for women who already own significant jewellery and know their baubles.

Singh, 39, knows his baubles, too. His great-grandfather, Maharaja Jagatjit Singh of the erstwhile kingdom of Kapurthala, was a flamboyant Francophone, who ascended the throne at the age of five and ruled until 1948, a year after India became independent. The king was among the most widely travelled of his time and spent summers in Europe and the south of France with his five wives, including a Spanish dancer, Anita Delgado. Jagatjit Singh loved shopping for jewellery and travelled to Paris carrying suitcases of gemstones to offer commissions to Cartier, Boucheron, Van Cleef & Arpels and other European jewellers. In 1926, Cartier created a turban ornament for him using a hexagonal 177-carat emerald, along with numerous diamonds and pearls.

"My great-grandfather was a connoisseur of varied and exquisite taste," says Singh. "Not only did he travel the world over 130 years ago, he was a visionary and aesthete."

Singh's paternal grandmother - Princess Sita Devi, or Princess Karam as she was called - was considered one of the loveliest women in all of India. Photographed frequently by Cecil Beaton, Princess Karam arrived in Paris when she was a 14-year-old newlywed. This "Pearl of India" cut a stylish figure with her dusky countenance, couture clothes and spectacular jewellery. Muse to photographers such as Man Ray, clad in Mainbocher and Madame Grès, Princess Karam inspired Elsa Schiaparelli to design a collection of gowns based on the saris she wore. When she was 19, Vogue magazine anointed her a "secular goddess". Five years later, Look magazine called her one of the five best-dressed women on earth.

Elsie de Wolfe threw a party in her honour with trained caparisoned elephants welcoming the guests. Princess Sita Devi arrived wearing a Grecian gown and dripping with jewels by Van Cleef & Arpels, Cartier and Chaumet. Princess Karam wore peasant-style dresses and Grecian gowns and combined her chiffon saris with pearls and fur coats. The society pages in London and Paris tracked her clothes and considered her a stylish trendsetter. Later, the legendary fashion editor Diana Vreeland, then at Harper's Bazaar, asked the Princess if she and her team could visit the Kapurthala kingdom for a photo shoot. The Princess opened up her Versailles-style palace and the photographs now are part of the royal memorabilia.

"My grandmother, Princess Sita, was not only the most exquisite woman you could ever see," says Singh, "but she was a great wit, raconteur, superb cook and a woman of deep spiritual practice. We were blessed to have her in our lives."

Young Hanut grew up watching his glamorous grandmother, mother and sister wearing priceless family heirlooms and discussing jewels in a matter-of-fact way. Jewellery in his family was considered to be an extension of personal style, not something to be put away in a box. After studying literature and media studies at New York's Hunter College, Singh worked at Elle magazine as a fashion writer and editor.

"Even though everyone said that I was good at it, I realised that writing was not my

métier," he says. "It didn't inspire me and I wasn't fuelled by it."

Eight years ago, when he was 31, he borrowed Rs50,000 (Dh3,580) from his uncle and another Rs50,000 from his mother to design his first collection of jewellery called Frutti de Mare. Much of the collection was made with pearls and Japanese abalone shells. Singh invited 40 stylish women to his sunny, spacious New Delhi penthouse for a trunk show and was sold out by the end of the day. He repaid his loans, designed his second collection, Wind Chime, within three months, and hasn't stopped since.

Shweta Bachchan Nanda, the daughter of the Bollywood superstar Amitabh Bachchan, has been wearing his jewellery for years. "I love that Hanut is constantly discovering new materials and using them so effectively," she says. "I always get compliments when I wear his jewellery." Like many Indian women, she says that the appeal of Singh's pieces are their versatility, the fact that they can be paired with both Indian and western clothes.

For a country with a long tradition of jewellery making, India has surprisingly few independent jewellers. The London-based Alice Cicolini, a graduate of Central Saint Martins College of Art and Design, is one. She works with craftsmen in Jodhpur to produce her brightly coloured rings and necklaces using the intricate meenakari, or champlevé technique. Other contemporary Indian jewellers such as Farah Khan Ali and Roopa Vohra are considered more established in that they have freestanding stores and stockists. Munnu Kasliwal, scion of the family that owns the famed Gem Palace, Jaipur, retails his Munnu collection, both at home and at Barney's in New York and Los Angeles. Singh pegs himself as more artisanal, making jewellery "with a point of view", as he says.

The prolific designer, who sports tattoos of doves "for peace," bamboo stalks for prosperity, and others on his arms, says that inspiration for his designs comes in two ways. "Either I fall absolutely madly in love with a stone or I get inspired by my surroundings. It could be the crescent moon in a miniature painting or the Islamic gallery of the Met. It could be anything - a street in Morocco, Moorish architecture, music, nature, the crescent shape of the moon or the slice of a dagger."

Today, his clients include not only Indian socialites but also global celebrities such as Madonna, Meryl Streep, Beyoncé, Penelope Cruz, Cindy Sherman, Wendi Deng Murdoch, Queen Rania and a slew of Hollywood stars and models including Rebecca Romijn, the Olsen twins and Amy Adams, among others.

"Wendi Murdoch is a long-time client of mine and she gifted Queen Rania a pair of my earrings as a birthday present," says Singh.

Singh's tryst with Hollywood began in 2005, when Beyoncé bought a couple of his earrings just before she went to Cannes for a photo shoot. Soon she was seen flaunting his earrings on magazine covers.

"It was so kind of Beyoncé to showcase my work," says Singh. "She was pulling her hair back and working the jewellery. She must have known I was a young designer."

In due course, his jewellery caught the eyes of other stars. Madonna commissioned a pair of skull earrings from him, and also borrowed several pieces when she went on holiday. The Olsen twins, who Singh calls "very cool and absolutely charming", wore his jewels, as did supermodels such as Naomi Campbell and Karolina Kurkova.

"You know, celebrities get paid a ton of money to wear jewellery," says Singh. "I don't play that game. I don't have that kind of money. And in the end, yeah, it's a big deal [to have a celebrity wear your jewellery] but really, it's not that big a deal. I am a bit snobbish about my work."

Handwritten testimonials from his clients are part of his archives. The shoe designer Christian Louboutin, who signs off as "Xtian Louboutin", says that Singh's work "has so much in common with what I like with my own work: to be able to express through small objects like shoes or jewellery our love and passion for handicraft, women, traditions mixed and shaked with a good twist, elegance and delicatessen... I can't stop myself buying his work, it became one of my favourite addictions, and I never, and probably never will, regret it! So, keep on, dear Hanut, and thanks for existing!!!"

The fashion designer and philanthropist Rachel Roy says in her testimonial that "Hanut so perfectly combines the richness and history of Indian detail with the modern edge of what women want to wear today".

Clearly, many of his celebrity clients end up as friends to this savvy jewellery designer. Within India, Singh is part of the glamorous set that parties in Goa, holidays in the south of France and shops in New York. The fashion designer Malini Ramani, who is known for her resort wear, is an old friend. Ramani says that Singh has a "diamond heart that is filled with love, compassion and a strong sense of fairness". Singh, in turn, calls Ramani his muse and "BFF", indulging in the giggly chatter and inside jokes of longtime friends.

"I could swear he possesses some sort of shamanic powers," says Ramani. "Every time I speak to him, a wave of calm washes over me. There is beauty all around."

The PR guru Nikhil Khanna, who represents many of the top luxury brands in India and is a friend of Louboutin, says that Singh is "genuinely unfettered, freewheeling and counterintuitive... He is so zany and free - the way he lives, the things he says, his humour. All of that translates to his work".

For all the free-spirited, party-loving image that he projects, Singh is a steely businessman who describes himself as clear-cut, methodical and pragmatic. He retails out of his atelier in New Delhi and through trunk shows in New York, London, Paris and across the world. Friends who are stylists also plug his work to their celebrity clients. Trained master craftsmen do all his lapidary work in house from the sketches he makes.

Singh's forte is gemstones and he scours the world for them: Sri Lankan sapphires, Persian onyx, Japanese abalone, Afghani tourmalines, Russian topaz, blue-green Amazon beetle wings, pale pink Morganite, light green chalcedony, red rubellite, green Peruvian opal that Singh calls his favourite stone, peridot, citrine, black pearl and of course, diamonds, rubies and emeralds, all set in 18-carat gold. Unlike traditional Indian jewellery, which makes up for its use of small gemstones through elaborate embellishments and filigree work, Singh resolutely seeks out large gemstones and highlights their natural beauty with the slightest of embellishments. His focus on silhouette, colour, proportion and balance put his work closer to European brands such as Christian Dior, Tarina Tarantino, Paloma Picasso, Alexis Bittar and John Hardy, rather than contemporary Indian jewellers who work in Jaipur and New Delhi.

Unlike family-owned Indian jewellers such as S Zaveri & Sons, C Krishniah Chetty & Sons, Bapalal, and Khanna Jewellers, which cater to the masses, Singh chooses his clients carefully and creates his wares with a restrained hand. While he is a long way off from being a global brand, the fact that he is increasingly being mentioned in those circles is proof that the stars are burning bright for the man whose curved dagger earrings are coveted by women in the know.

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

Most wins by a horse: Godolphin’s Thunder Snow(2)

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Best Foreign Language Film nominees

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Cold War (Poland)

Never Look Away (Germany)

Roma (Mexico)

Shoplifters (Japan)

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Pathaan
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UAE currency: the story behind the money in your pockets

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.”

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response