Graff Diamonds Unveils the World's Most Expensive Timepiece
Itai Buenahora — March 31, 2014 — Luxury
References: luxurylaunches & forbes
Graff Diamonds presents the artistically luxurious timepiece, unveiled as the world's most expensive, at a whopping $55 million.
“The Graff Hallucination is a sculptural masterpiece; a celebration of the miracle of colored diamonds,” Laurence Graff said in a statement. "...the Hallucination has made my dream a reality." The London-based diamond company and jewelry firm is well-known for making grand statements, and with this visually captivating timepiece that encompasses a multitude of stunning colors, it has achieved so.
Covering a kaleidoscope of 110 carats of rare, fancy colored diamonds, the "Hallucination" is a vision of royalty and luxury that is said to be "the most valuable watch ever created."
Amidst all of the pretty diamonds and colors, the timepiece does essentially tell time, with a petite and modest dial crafted in the center of the diamond-filled dream watch.
“The Graff Hallucination is a sculptural masterpiece; a celebration of the miracle of colored diamonds,” Laurence Graff said in a statement. "...the Hallucination has made my dream a reality." The London-based diamond company and jewelry firm is well-known for making grand statements, and with this visually captivating timepiece that encompasses a multitude of stunning colors, it has achieved so.
Covering a kaleidoscope of 110 carats of rare, fancy colored diamonds, the "Hallucination" is a vision of royalty and luxury that is said to be "the most valuable watch ever created."
Amidst all of the pretty diamonds and colors, the timepiece does essentially tell time, with a petite and modest dial crafted in the center of the diamond-filled dream watch.
Trend Themes
1. Artistic Timepieces - There is a growing trend towards timepieces that combine artistry and luxury, offering unique and visually captivating designs.
2. Luxury Jewelry - The luxury jewelry industry is being disrupted by extravagant and exclusive pieces like the Graff Hallucination timepiece, catering to high-end clientele.
3. Diamonds as Investments - Investing in rare, fancy colored diamonds is becoming a trend for those seeking alternative investment options, creating opportunities for diamond companies and investors alike.
Industry Implications
1. Fine Jewelry - The fine jewelry industry is embracing the demand for artistically luxurious timepieces, expanding their offerings to cater to affluent customers.
2. Luxury Goods - Luxury brands are capitalizing on the trend of extravagant timepieces, creating a niche market for high-end consumers looking for exclusive and opulent products.
3. Investment Industry - The investment industry is witnessing a rise in the popularity of investing in rare colored diamonds, offering new opportunities for financial institutions and investment firms to cater to this niche market.
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