Cultural relevance essential to business today, says Tiffany boss

Cultural engagement is a high-risk technique however value pursuing as a result of relevance is now important to enterprise, the boss of the jewellers Tiffany says, as an exhibition celebrating the model’s heritage in in style tradition opens in London.

Alexandre Arnault, the son of Bernard Arnault, is a member of the LVMH dynasty, which purchased Tiffany for $16bn (£12bn) final yr. He just lately confronted controversy when a 128-carat diamond worn by Beyoncé in promoting for the model was revealed to have a problematic origin as a blood diamond.

The singer, who was the primary black lady to put on the diamond, confronted a backlash for sporting the gem, which was found in Kimberley in what's now South Africa in 1877.

British tennis player Emma Raducanu attends the Tiffany & Co and The Prince’s Trust women supporting women event in London
British tennis participant Emma Raducanu attending the Tiffany & Co and the Prince’s Belief ladies supporting ladies occasion in London final yr. Photograph: Darren Gerrish/WireImage

“Luxurious manufacturers used to speak in a really authoritarian means. You possibly can put a model on the again web page of Vogue and say, that is who I'm. Now that folks can share and remark, we all know that our standpoint gained’t work for everybody.

“However we are able to’t get so scared that we don’t do something thrilling. Tiffany has been half of popular culture for 185 years and we plan to proceed with that for ever, whether or not that’s with Beyoncé, or with [Korean pop star] Rosé,” Arnault mentioned.

An exhibition which opens at London’s Saatchi Gallery on Friday 10 June exhibits how moments in popular culture have develop into the crown jewels of the Tiffany model. Audrey Hepburn window-shopping in just a little black costume within the iconic Hollywood movie, Christmas playing cards designed by Andy Warhol, and Emma Raducanu taking part in grand slam tennis in a Tiffany cross necklace have all been central to Tiffany’s success.

Pictures of Grace Jones within the “bone” cuff bangles modern within the Nineteen Seventies, and of Diana, Princess of Wales photographed at Wimbledon in a set of gold jewelry within the Nineties illustrate how the jewelry has tailored to the zeitgeist.

A 1957 window show designed for the Fifth Avenue flagship by artists Jasper Johns and Robert Rauschenberg, and a trompe l’oeil champagne tower captured in resin, sculpted in honour of the 2013 movie The Nice Gatsby, are featured within the exhibition.

“Our home windows are an enormous a part of how we message out to the world, as a result of they create a reminiscence, and a invaluable emotional connection,” mentioned the artistic director, Christopher Younger, at a preview. Guests to the exhibition can take selfies alongside a yellow cab on Fifth Avenue in a recreation of the opening scene of Breakfast at Tiffany’s, and use augmented actuality expertise to strive on jewelry.

Still of a famous scene from Breakfast at Tiffany’s starring Audrey Hepburn
Nonetheless of a well-known scene from Breakfast at Tiffany’s starring Audrey Hepburn. Photograph: Paramount Photos/Tiffany

Diamonds on present embody a necklace belonging to the Empress Eugenie, spouse of Napoleon III, which was purchased at public sale by Charles Lewis Tiffany in 1887, and a Jean Schlumberger-designed “chook on a rock” brooch worn by Jay-Z.

Diamonds make up about 20% of Tiffany gross sales, largely within the type of engagement rings and marriage ceremony bands, whereas gold and silver jewelry deliver within the bulk of income. Many luxurious manufacturers have hiked costs in recent times in an try to guard model exclusivity, however Arnault says Tiffany will proceed with the entry-level silver jewelry which “is an enormous a part of who we're and why we're preferred”.

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Arnault believes that Tiffany Blue, a color trademarked by the corporate in 1998, is a perfect emblem for the visible age of Instagram. “Coca-Cola is maybe the one different model that has as sturdy an affiliation with a color,” he says. The model just lately bought Jean-Michel Basquiat’s portray Equals Pi, the dominant color of which matches the model’s well-known blue packaging.

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