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☆ Singapore’s wealth boom hits most sensitive phase
▼ + stars: | 2023-09-06 | by ( Anshuman Daga | ) www.reuters.com time to read: +5 min

REUTERS/Edgar Su Acquire Licensing RightsSINGAPORE, Sept 6 (Reuters Breakingviews) - Singapore’s wealth boom may be set for a pause. The amount involved has almost doubled and banks, realtors and jewellery dealers have been caught up in the ring. It is the most eye-catching saga since 2015 when Singapore’s banks were involved in the 1MDB Malaysian sovereign fund mess. As Singapore’s success as a financial centre grows, so too does its vulnerability to dirty money. A thornier problem is Singapore’s desire to avoid perceptions it is capitalising on the troubles of China, its top trade partner.

Persons: Edgar Su, Una Galani, Katrina Hamlin, Pranav Kiran Organizations: REUTERS, Rights, Reuters, realtors, DBS, Deutsche Bank, Bloomberg, Reuters Graphics Reuters, Monetary Authority of, U.S, Police, Thomson Locations: Marina Bay, Singapore, Rights SINGAPORE, China, Malaysian, Hong Kong, Monetary Authority of Singapore

[1/2] A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. He faced new charges related to the seizure from him of three properties, more than S$6 million in six bank accounts, cryptocurrencies and a car worth over S$1 million. Their lawyers sought bail but gave no indication of how the suspects would answer the money laundering allegations. Eight more suspects are wanted and 12 are assisting in investigations, police have said. ($1 = 1.3520 Singapore dollars)Reporting by Xinghui Kok; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Chen Qingyuan, Su Wenqiang, Xinghui Kok, Martin Petty Organizations: Singapore Police Force, Facebook, REUTERS, Rights, Thomson Locations: Singapore, Cyprus, Cambodia, Dominica, China, Turkey, Vanuatu

☆ British Museum seeks recovery of some 2,000 stolen items
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +2 min

[1/3] An employee poses as he views examples of the Parthenon sculptures, sometimes referred to in the UK as the Elgin Marbles, on display at the British Museum in London, Britain, January 25, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 26 (Reuters) - Around 2,000 artefacts including gold jewellery and gems had been stolen from the British Museum over a long period of time, but recovery efforts were already under way, the museum's chair George Osborne said on Saturday. Museum director Hartwig Fischer said on Friday he would step down after admitting to failings in its investigation into the theft of items from its collection. A "forensic" inquiry was being conducted to find out what had been stolen, Osborne said. "We've already started to recover some of the stolen items," he added, without giving any details of what had been recovered or how.

Persons: Toby Melville, George Osborne, Stone, Hartwig Fischer, Osborne, we're, I'm, Paul Sandle, David Holmes Organizations: Elgin, British Museum, REUTERS, BBC, Police, Thomson Locations: London, Britain, British

☆ British Museum director quits over stolen items
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

A sign for the British Museum which houses the Parthenon sculptures is seen in London, Britain, January 25, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 25 (Reuters) - The director of the British Museum said on Friday he was stepping down with immediate effect after admitting to failings in the museum's investigation into the theft of items from its collection. "Over the last few days I have been reviewing in detail the events around the thefts from the British Museum and the investigation into them," he said in a statement. "It is evident that the British Museum did not respond as comprehensively as it should have." The museum's board of trustees, chaired by former British finance minister George Osborne, accepted Fischer's resignation.

Persons: Toby Melville, Hartwig Fischer, George Osborne, Osborne, Andrew MacAskill, Sachin Ravikumar Organizations: British, REUTERS, British Museum, Thomson Locations: London, Britain

☆ Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer
▼ + stars: | 2023-08-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A tray of Rolex watches are seen on a dealer's stand at the London Watch Show on March 19, 2022 in London, England. The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock's worst day ever, after luxury watchmaker Rolex announced a deal to buy watch retailer Bucherer. Rolex said the acquisition for an undisclosed sum followed the decision of Bucherer owner Jorg Bucherer — the 86-year-old grandson of founder Carl Bucherer — to sell the business in the absence of any direct descendants to take the reins. In a subsequent statement on Friday, Watches of Switzerland attempted to soothe apparent market concerns that Bucherer, the world's largest luxury watch retailer, will seize more market share through its tie-up with the iconic brand. Watches of Switzerland insisted the acquisition was solely about succession planning for Bucherer and that Rolex — which is breaking with its modus operandi of acting solely as a manufacturer — is not making a "strategic move" into the retail market.

Persons: Jorg Bucherer —, Carl Bucherer — Organizations: London, Switzerland Group, Rolex Locations: London, England, Geneva, Switzerland

☆ Rolex’s deal is ticking time bomb for retailers
▼ + stars: | 2023-08-25 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

In the short term, these concerns look overstated, but Rolex’s move may still have called time on WoS’s business model. In that context, Friday’s slump in WoS shares looks excessive. That’s a modest sum relative to the enterprise value of 4 billion Swiss francs that Vontobel analysts believe Bucherer is worth. The news sparked a sharp sell-off in the UK-listed shares of Watches of Switzerland, a major retailer of Rolex watches. Watches of Switzerland shares were down more than 20% at 0933 GMT on Aug. 25.

Persons: –, WoS, Bucherer, Cartier, ”, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Rolex, Reuters Graphics Reuters, RBC, Piguet, Switzerland, Thomson Locations: Switzerland, London, Swiss

☆ British Museum director quits over stolen treasures
▼ + stars: | 2023-08-25 | by ( Andrew Macaskill | ) www.reuters.com time to read: +2 min

[1/2] A sign for the British Museum which houses the Parthenon sculptures is seen in London, Britain, January 25, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 25 (Reuters) - The director of the British Museum said on Friday he would step down after admitting to failings in its investigation into the theft of items from its collection. "It is evident that the British Museum did not respond as comprehensively as it should have," he said in a statement. Fischer said that he withdrew remarks made about the art dealer who first alerted museum bosses to the stolen items. Earlier this week, Fischer said Ittai Gradel, an antiquities dealer, withheld information about the scale of the stolen items when he contacted the museum.

Persons: Toby Melville, Hartwig Fischer, Fischer, Ittai Gradel, George Osborne, Osborne, Andrew MacAskill, Sachin Ravikumar, Angus MacSwan, Andrew Heavens Organizations: British, REUTERS, British Museum, Police, Thomson Locations: London, Britain

Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.

Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster

[1/5] A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. The raids on at least nine locations netted assets totalling a staggering S$1 billion, police said. A police statement said the group was suspected to be laundering proceeds from overseas organised crime, including scams and online gambling. Singapore has in recent years seen an influx of foreign money. ($1 = 1.3618 Singapore dollars)Reporting by Xinghui Kok; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Chew, Xinghui Kok, Raju Gopalakrishnan Organizations: Singapore Police Force, Facebook, REUTERS Acquire, Rights, Cypriot, Police, Monetary Authority, Thomson Locations: Singapore, Orchard, Sentosa, tony, China, Cambodia, Cyprus, Vanuatu, Chew

☆ Singapore arrests 10 foreigners, seizes S$1 bln assets in money laundering probe
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Caroline Chia/File Photo Acquire Licensing RightsSINGAPORE, Aug 16 (Reuters) - Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a case involving about S$1 billion ($737 million) of cash, properties, luxury cars and other assets. Other seizures included bank accounts, cash, luxury bags, jewellery, watches, electronic devices and some documents with information on virtual assets. The foreigners were aged between 31 and 44, and their nationalities include Chinese, Turkish, Cypriot, Cambodian and Ni-Vanuatu, Singapore police said. In a separate statement, the Singapore central bank said it has been "in touch with the financial institutions (FIs) where the potentially tainted funds have been identified. ($1 = 1.3572 Singapore dollars)Reporting by Chen Lin in Singapore; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, Chen Lin, Alison Williams Organizations: REUTERS, Rights, Singapore, Cypriot, FIs, Thomson Locations: Singapore, Vanuatu

☆ British Museum sacks member of staff over missing and stolen items
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

A sign for the British Museum which houses the Parthenon sculptures is seen in London, Britain, January 25, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 16 (Reuters) - The British Museum said on Wednesday a member of staff had been dismissed after items from its collection, including gold jewellery and gems, had been found to be missing, stolen or damaged. None of the items had recently been on public display and were kept primarily for academic and research purposes, it added. I know I speak for all colleagues when I say that we take the safeguarding of all the items in our care extremely seriously," said Hartwig Fischer, Director of the British Museum. The museum's chair, former finance minister George Osborne, Chair of the British Museum, said the trustees were extremely concerned when they had learnt of the theft "earlier this year".

Persons: Toby Melville, Hartwig Fischer, George Osborne, Kylie MacLellan, Barbara Lewis Organizations: British, REUTERS, Metropolitan Police, British Museum, Thomson Locations: London, Britain

☆ Bosnian girl creates 'folklore Barbie' as film wins doll new fans worldwide
▼ + stars: | 2023-08-16 | by ( Daria Sito-Sucic | ) www.reuters.com time to read: +2 min

[1/5] Esma Gljiva, an 11-year-old Bosnian girl, shows dolls that she dresses in traditional Bosnian costumes, hoping that her folklore Barbie will reach many, as the frenzy surrounding the launch of the "Barbie" movie spreads across the world, in Sarajevo, Bosnia and Herzegovina, August 15, 2023. Acquire Licensing Rights Read moreSARAJEVO, Aug 16 (Reuters) - A Bosnian girl is making traditional Balkan costumes with headdresses and decorative aprons for Barbie dolls, hoping to create interest in her folklore Barbie as the new "Barbie" movie wins fans worldwide. Eleven-year-old Esma Gljiva from Sarajevo started her project more than a month ago after seeing poor quality figures in a souvenir shop. Esma has yet to see the Barbie movie, but her friends and family say she embodies the spirit of female independence and entrepreneurship that dominates the film. She says she would name her dolls the "Bosnian Barbie dolls"and she is planning costumes for a Bosnian folklore Ken.

Persons: Barbie, Esma, Ken, Daria Sito, Alexandra Hudson Organizations: Reuters, Christian, Alexandra Hudson Our, Thomson Locations: Bosnian, Sarajevo, Bosnia, Herzegovina, SARAJEVO, Bulgaria, Czech Republic, Turkmenistan, Norway, Britain, Adana

Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to 5 billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. "There is going to be a real ecosystem for semiconductor manufacturing in Germany," said economy minister Robert Habeck. VOTE OF CONFIDENCETSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. Semiconductor makers Intel (INTC.O) and Wolfspeed (WOLF.N) have already taken advantage of the subsidies on offer to set up shop in Germany. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: Robert Habeck, TSMC, Germany's Bosch, Habeck, Ben Blanchard, Thomas Escritt, Louise Heavens, Mark Potter Organizations: Taiwan Semiconductor Manufacturing, European Union, Semiconductor Manufacturing Company, Infineon, Semiconductor, Intel, EU, Sony, Thomson Locations: Dresden, Arizona, TAIPEI, BERLIN, Germany, Europe, Taiwan, China, Asia, United States, Saxony, Netherlands, Ukraine, U.S, Japan

"The luxury industry seems to be outperforming the consumer market as a whole in China, but you know, really, almost everyone you speak to, there's a level of uncertainty," said Agility's managing director Amrita Banta. "There's a level of not feeling entirely comfortable with their future economic position that is really affecting almost everybody in China." Those factors disproportionately affect "aspirational" luxury customers who can easily live without another Gucci bag or $900 pair of sneakers. In China, luxury consumers are younger than in the rest of the world with an average age of 28, according to BCG - something companies had seen as positive for future growth. "In the trends that I'm seeing in the U.S. and also in China, more aspirational younger consumers are feeling more of a pain," Morningstar senior equity analyst Jelena Sokolova said.

Persons: Richemont, splurge, Morgan Stanley, Hermes, Chanel, Amrita Banta, Dior, Balenciaga, Gucci, Jelena Sokolova, HSBC's Erwan, Rambourg, Casey Hall, Mimosa Spencer, Catherine Evans Organizations: Cartier, Citigroup, Richemont, Citi, LVMH, Bain, Morningstar, Thomson Locations: SHANGHAI, PARIS, China, North America, Wuhan, Zhengzhou, Charlotte, Nashville, Swiss, Americas, Asia, United States, luxury's, U.S, Japan

☆ India restricts import of plain gold jewellery
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: 1 min

July 12 (Reuters) - India on Wednesday restricted imports on plain gold jewellery, as the world's second-largest consumer of the precious metal tries to plug loopholes in its trade policy. Import of articles of gold have been put under restriction category from free category, a government notification said, adding that import under INDIA-UAE CEPA agreement would be allowed without any import license. The move comes as importers over the last few months have been using a policy flaw to source plain gold jewellery from Indonesia without paying any import taxes. Reporting by Jose Joseph and Shivangi Acharya; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Joseph, Shivangi, Arun Koyyur Organizations: INDIA, Thomson Locations: India, UAE, Indonesia

☆ Fendi takes contemporary haute couture lineup to Palais Brongniart in Paris
▼ + stars: | 2023-07-06 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation by designer Kim Jones as part of his Haute Couture Fall/Winter 2023-2024 collection show for fashion house Fendi in Paris, France, July 6, 2023. REUTERS/Sarah MeyssonnierPARIS, July 6 (Reuters) - Italian fashion house Fendi took to the former Paris bourse headquarters on Thursday for its fall haute couture catwalk show, where designer Kim Jones showed a contemporary lineup of light, sensual gowns for formal occasions. Models marched steadily down the marble runway of a stark, white space set up in the neoclassical Palais Brongniart while dramatic opera singing played on the soundtrack. Jones, who is also creative director for the menswear line of Dior, another LVMH-owned fashion house, took his bow with Delfina Delettrez Fendi, artistic director of jewellery. The Paris haute couture shows wrap up Thursday, having featured labels Giorgio Armani Prive, Kering-owned (PRTP.PA) Balenciaga, Dior, Valentino and American fashion house Thom Browne.

Persons: Kim Jones, Sarah Meyssonnier PARIS, Fendi, Jones, Dior, Delettrez, Shakira, Naomi Watts, Giorgio Armani Prive, Valentino, Thom Browne, Mimosa Spencer, David Holmes Organizations: Haute Couture, REUTERS, Paris bourse, Thomson Locations: Paris, France

☆ Paul Ninson on how he was able to visit the ‘village with no men’
▼ + stars: | 2023-07-05 | by ( Lamide Akintobi | ) edition.cnn.com time to read: +6 min

CNN —A place for women, by women: that’s what Umoja, a village in Samburu County, northern Kenya, represents. Founded in 1990 as a sanctuary for women of Samburu escaping gender-based violence, Umoja is home to females of all ages. Tourists who wish to visit Umoja are charged a small entrance fee, and can buy elaborate beaded jewellery and other crafts handmade by the Samburu women. Photographer Paul Ninson, pictured during a visit to Kenya, wants to capture images that "provoke thought and discussion about important topics." CNNStanton, who attended Dikan’s opening, said watching Ninson build the center was “surreal.”“He has stepped into a leadership role so effortlessly and intuitively.

Persons: Umoja, Paul Ninson, Paul, Ninson, ”, we’ve, ” Ninson, Brandon Stanton, Stanton, he’s, CNN Stanton, ” Stanton, “ Organizations: CNN, Tourists, International Center of Photography, Dikan Locations: Samburu County, Kenya, Samburu, Umoja, Africa, Ethiopia, Ghana, New York, Ghana’s, Accra –, Accra

☆ Hong Kong May retail sales rise 18.4%, sees support from local consumption
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +3 min

The government launched a promotional campaign earlier in March called "Hello Hong Kong" to bring back tourists and businesses and also launched a "Happy Hong Kong" campaign in late May to boost local spending and the economy. "Retail sales should continue to improve in the coming months," a government spokesperson said. The city's industry body Hong Kong Retail Management Association launched "Happy Hong Kong Shopping Festival" from July 1 to August 31 with about 6,000 stores participating, offering discounts and other retail promotion to boost consumption. Among the arrivals, mainland Chinese visitors eased slightly to 2.29 million in May from 2.31 million in April, Hong Kong Tourism Board data showed. ($1 = 7.8342 Hong Kong dollars)Reporting by Donny Kwok and Twinnie Siu; Editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Donny Kwok, Twinnie, Philippa Fletcher Organizations: HK, Hong, Hong Kong Retail Management Association, Hong Kong Tourism Board, Thomson Locations: HONG KONG, Hong, Hong Kong, China, COVID

☆ Paul-Henri Nargeolet: French diver on missing sub is Titanic expert
▼ + stars: | 2023-06-21 | by ( Layli Foroudi | ) www.reuters.com time to read: +3 min

Johann convinced Nargeolet to write his book 'In the depths of the Titanic' because he said his kids were super-fans. The underwater explorer needed convincing to write a book, Johann said, because he wanted to spend all of his time diving. CAREER IN FRENCH NAVYDirector of underwater research for RMS Titanic, which owns the rights to the ship's remains, Nargeolet started researching and exploring the Titanic wreck when he joined the French ocean research institute Ifremer in 1986, after a 22-year career in the French navy. They met after Marsh contacted the explorer to ask for the contact of a Frenchman who had survived the Titanic. The president of RMS Titanic, Jessica Sanders, said in a statement on Wednesday that Nargeolet's experience was unparalleled and "no-one has a better chance of navigating equipment failures than he does".

Persons: Paul, Henri Nargeolet, Mathieu Johann, Harper Collins, Johann, Nargeolet, Olivier Lefort, James Cameron, Nargeolet's, Anne, Michele Marsh, Marsh, Frenchman, Jessica Sanders, Bernard Cauvin, Janet Lawrence Organizations: Thomson Locations: PARIS, France, French, Connecticut, American, Cherbourg

☆ Turkey seizes $1 billion of counterfeit money headed for Africa
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, June 9 (Reuters) - Turkish security forces seized $1 billion of counterfeit money in Istanbul and arrested six people involved in the operation, including one Ghanian and three Swedish nationals, the governor's office said on Friday. Gendarmerie forces tracked the suspects to a storage space in Istanbul's Kagithane district, where they seized the fake $100 bills meant to be sent to African countries, the office said. The Swedish and Ghanian consulates were notified. The counterfeit haul was the largest in Turkey's history, the governor's office said. Reporting by Ali Kucukgocmen; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Ali Kucukgocmen, Richard Chang Organizations: . Gendarmerie, Thomson Locations: ISTANBUL, Turkish, Istanbul, Istanbul's Kagithane

☆ Blackstone acquires International Gemological Institute
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, May 21 (Reuters) - Private equity giant Blackstone Inc(BX.N) said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun(0656.HK) and the company's founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family. Founded nearly 50 years ago by the late Marcel Lorie, IGI has 29 laboratories and 18 schools of gemology in 10 countries. India's jewellery market was worth is $78.5 billion in the 2021 financial year and its one of the world's biggest, though a significant portion goes for export.

Climate change drove heat in the city to a record-breaking 48C (118F) in 2016. While traditional insurance can take months to pay, with so-called "parametric" insurance there is no need to prove losses. At annual climate talks in Egypt last year, nonprofits urged richer nations to help finance parametric insurance as a way of compensating victims of worsening weather extremes. At the moment, insurance schemes in the developing world are largely subsidized by nonprofit groups, national governments, or wealthy countries. Insurance payouts allow them to buy things like gloves to protect their hands from scorching hot metal tools, or fans to stay cool and avoid heat exhaustion.

☆ Five Germans handed jail sentence for Green Vault jewel heist
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

The pieces stolen from the break-in at the Gruenes Gewoelbe (Green Vault) museum in Dresden contained more than 4,300 diamonds with an estimated value of more than 113 million euros. They included a breast star of the Polish Order of the White Eagle and an ornate diamond head-dress. Five members of the same family were handed sentences of between four years and four months and six years and two months. The treasures survived Allied bombing raids in World War Two, only to be carted off as war booty by the Soviet Union. They were returned to Dresden, the historic capital of the state of Saxony, in 1958.

The collection, acquired between the early 1970s until Horten's death last year, is also comprised of more than 100 Bulgari pieces. "What's important is that we have been completely transparent," Rahul Kadakia, international head of jewellery at Christie's, told Reuters. Christie's said it would make a "significant contribution" from its final proceeds to Jewish organisations to advance Holocaust research and education. "Of course we cannot erase history," said Max Fawcett, head of the jewellery department at Christie's in Geneva. Christie's will auction 400 pieces in Geneva on Wednesday and Friday and hold an online sale.

REUTERS/Niharika Kulkarni/File PhotoBENGALURU/SINGAPORE, May 6 (Reuters) - Singapore state investor Temasek Holdings (TEM.UL) is considering investing $100 million in Indian jeweller BlueStone for a stake of about 20%, two sources with direct knowledge of the matter told Reuters. The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic. BlueStone operates in a market that is dominated by thousands of small and large local independent jewellery stores, but also branded outlets like Titan Company-owned (TITN.NS) Tanishq and CaratLane, and Kalyan Jewellers (KALN.NS). While Temasek's interest in investing in Bluestone has been previously reported, Reuters is first to report details of an investment amount, the potential valuation and other financial details of the potential deal. BlueStone CEO Gaurav Kushwaha did not immediately respond to Reuters' request for comment, while Temasek declined to comment.

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