Warren Buffett

Sparkling week for HK as hotel hosts shiny display of recession-busting bling

PUBLISHED : Thursday, 24 September, 2009, 12:00am
UPDATED : Thursday, 24 September, 2009, 12:00am

Coinciding with the Hong Kong Jewellery and Gem Fair at the AsiaWorld-Expo and the Convention and Exhibition Centre, even more bling is on display this week at the Conrad Hotel's ballroom courtesy of the Asia-Pacific jewellery and watch magazine Solitaire.

It has organised a three-day precious stone accessory exhibition, which kicked-off on Tuesday with a cocktail reception, featuring 20 bauble brands from across the world. Among the gem-dripping highlights is a kimono adorned with 111,160 pearls and embroidered with gold and platinum threads from exhibitor Chodhari Joaillier.

The garb (pictured) is estimated to be worth HK$8,888,888. Something to wear around the house?

One of the exhibitors from German firm Schreiner said most of the designs on display were 'pricey, modern and big'.

'Since the economic downturn, people are fed up with the stocks and property investments,' the firm's representative said. 'They become unhappy with the constant up and down prices. People are realising that investing in fine, rare jewellery could be a better long-term investment.'

We're not so sure. By that theory, Mr T should be a wiser investor than Warren Buffett.