Louis Vuitton Unveils Its Most Extravagant High-Jewellery Collection Ahead of Olympics - Kanebridge News
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Louis Vuitton Unveils Its Most Extravagant High-Jewellery Collection Ahead of Olympics

By LAURIE KAHLE
Sun, Jun 9, 2024 7:00amGrey Clock 3 min

As the world turns its eyes to Paris for the start of the Summer Olympics next month, Louis Vuitton pulled out all the stops for its largest, most extravagant, and expensive high-jewellery collection with the title Awakened Hands, Awakened Minds.

Making its debut in St. Tropez on Wednesday night, the collection will encompass 13 themes and 220 pieces, some of which have yet to be unveiled. Of the 100 unique pieces that were exhibited as the first chapter, one overarching theme is clear: French pride and the celebration of the remarkably transformative period in 19th-century France, which witnessed an explosion of French influence and inventiveness.

“France in the 19th century was a phenomenal time of incredible change, and when Paris really became the centre of the world,” says Francesca Amfitheatrof, artistic director for watches and jewellery, in a news release. “The design language of Awakened Hands, Awakened Minds reflects that—all its intricacies, complications, and innovations—turned into incredible jewels.”

The collection explores a journey through that century, beginning with the end of royal court rule, which resulted in a surge of creativity and talent as France’s ateliers and master craftsmen explored and experimented without limits. Among those influenced by this vibrant zeitgeist was a 16-year-old Louis Vuitton, who arrived in Paris in 1837. The apprentice developed his own unique trunkmaking métier, devising a flat and stackable trunk specifically designed for travel.

“Craftsmanship becomes the currency of this country,” Amfitheatrof said. “It is the birth of France’s Art de Vivre —and the birth of what we know as luxury today.”

The masterpiece of the entire collection is the Cœur de Paris.
Courtesy of Louis Vuitton

The collection’s Splendeur suite took inspiration from an imperial bed embellished with low-relief woodwork in lace-like floral patterns. But the luxury brand is looking to compete for consumers with more than just aesthetics: The jewels feature more than 110 perfectly matched rubies from Mozambique, all fully traceable through blockchain technology, making Louis Vuitton the first to offer traceability of coloured stones.

Louis Vuitton’s iconic LV Monogram Flower is the chosen theme. The symbol was designed by Louis Vuitton’s son Georges in 1896 in memory of his late father. The flower is portrayed in gold and diamonds with a large center ruby in earrings that complement a high collar, transformable necklace set with 52 rubies framed with an intricate, woven mesh of carved gold flowers. Among the collection’s most complex creations, the Splendeur necklace required the workmanship of 17 setters and 30 jewellers, who spent a total of 3,217 hours on its creation.

Louis Vuitton’s passion for travel is explored in the Vision necklace, which plays on the rivets of Louis Vuitton trunks. Crafted in platinum, yellow gold, diamonds, and yellow sapphires, the disruptive design interlaces V-shaped structures, highlighted with two octagonal-cut yellow sapphires measuring 13.47 carats and 11.79 carats. The piece occupied five jewellers, who mounted and set the necklace section by section over the course of 2,504 hours.

The masterpiece of the entire collection is the Cœur de Paris, the most expensive high-jewellery piece the maison has ever produced.

The collection’s Splendeur suite took inspiration from an imperial bed embellished with low-relief woodwork in lace-like floral pattern
Courtesy of Louis Vuitton

The necklace pays homage to the Eiffel Tower, which was unveiled to the world at the 1899 Exposition Universelle as a beacon of modernity and ingenuity. The Cœur de Paris offers a new perspective on the structure, as if you are viewing it from underneath looking up. Pink gold rods embrace a grid of baguette settings and diamond-lit arrows, which frame the jewel’s centrepiece: a captivating 56.23-carat diamond christened the Cœur de Paris. The collection’s rarest and most important master stone radiates a unique colour with an intense pink hue complemented with unusual tones of orange and brown. It is set in a medallion that can be detached to wear as a brooch.

The centrepiece dangles from a 5.73-carat LV Monogram Star-cut diamond interlinked with 26 LV Monogram Star-cut diamonds in an opulent rivière creation that is a first for the house. A companion ring features a complementary 12.67-carat, museum-quality diamond that emanates a fancy deep, brownish pink and orange hue.

“Awakened Hands, Awakened Minds tells a story that’s very close to who we are,” Amfitheatrof said. “By showing this mixture of craftsmanship, engineering, invention, and bravery, we are really talking about Louis Vuitton. … we couldn’t celebrate in a better way.”



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To Find Winning Stocks, Investors Often Focus on the Laggards. They Shouldn’t.
By KEN SHREVE 12/06/2024

These stocks are getting hit for a reason. Instead, focus on stocks that show ‘relative strength.’ Here’s how.

By KEN SHREVE
Wed, Jun 12, 2024 4 min

A lot of investors get stock-picking wrong before they even get started: Instead of targeting the top-performing stocks in the market, they focus on the laggards—widely known companies that look as if they are on sale after a period of stock-price weakness.

But these weak performers usually are going down for good reasons, such as for deteriorating sales and earnings, market-share losses or mutual-fund managers who are unwinding positions.

Decades of Investor’s Business Daily research shows these aren’t the stocks that tend to become stock-market leaders. The stocks that reward investors with handsome gains for months or years are more often  already  the strongest price performers, usually because of outstanding earnings and sales growth and increasing fund ownership.

Of course, many investors already chase performance and pour money into winning stocks. So how can a discerning investor find the winning stocks that have more room to run?

Enter “relative strength”—the notion that strength begets more strength. Relative strength measures stocks’ recent performance relative to the overall market. Investing in stocks with high relative strength means going with the winners, rather than picking stocks in hopes of a rebound. Why bet on a last-place team when you can wager on the leader?

One of the easiest ways to identify the strongest price performers is with IBD’s Relative Strength Rating. Ranked on a scale of 1-99, a stock with an RS rating of 99 has outperformed 99% of all stocks based on 12-month price performance.

How to use the metric

To capitalise on relative strength, an investor’s search should be focused on stocks with RS ratings of at least 80.

But beware: While the goal is to buy stocks that are performing better than the overall market, stocks with the highest RS ratings aren’t  always  the best to buy. No doubt, some stocks extend rallies for years. But others will be too far into their price run-up and ready to start a longer-term price decline.

Thus, there is a limit to chasing performance. To avoid this pitfall, investors should focus on stocks that have strong relative strength but have seen a moderate price decline and are just coming out of weeks or months of trading within a limited range. This range will vary by stock, but IBD research shows that most good trading patterns can show declines of up to one-third.

Here, a relative strength line on a chart may be helpful for confirming an RS rating’s buy signal. Offered on some stock-charting tools, including IBD’s, the line is a way to visualise relative strength by comparing a stock’s price performance relative to the movement of the S&P 500 or other benchmark.

When the line is sloping upward, it means the stock is outperforming the benchmark. When it is sloping downward, the stock is lagging behind the benchmark. One reason the RS line is helpful is that the line can rise even when a stock price is falling, meaning its value is falling at a slower pace than the benchmark.

A case study

The value of relative strength could be seen in Google parent Alphabet in January 2020, when its RS rating was 89 before it started a 10-month run when the stock rose 64%. Meta Platforms ’ RS rating was 96 before the Facebook parent hit new highs in March 2023 and ran up 65% in four months. Abercrombie & Fitch , one of 2023’s best-performing stocks, had a 94 rating before it soared 342% in nine months starting in June 2023.

Those stocks weren’t flukes. In a study of the biggest stock-market winners from the early 1950s through 2008, the average RS rating of the best performers before they began their major price runs was 87.

To see relative strength in action, consider Nvidia . The chip stock was an established leader, having shot up 365% from its October 2022 low to its high of $504.48 in late August 2023.

But then it spent the next four months rangebound—giving up some ground, then gaining some back. Through this period, shares held between $392.30 and the August peak, declining no more than 22% from top to bottom.

On Jan. 8, Nvidia broke out of its trading range to new highs. The previous session, Nvidia’s RS rating was 97. And that week, the stock’s relative strength line hit new highs. The catalyst: Investors cheered the company’s update on its latest advancements in artificial intelligence.

Nvidia then rose 16% on Feb. 22 after the company said earnings for the January-ended quarter soared 486% year over year to $5.16 a share. Revenue more than tripled to $22.1 billion. It also significantly raised its earnings and revenue guidance for the quarter that was to end in April. In all, Nvidia climbed 89% from Jan. 5 to its March 7 close.

And the stock has continued to run up, surging past $1,000 a share in late May after the company exceeded that guidance for the April-ended quarter and delivered record revenue of $26 billion and record net profit of $14.88 billion.

Ken Shreve  is a senior markets writer at Investor’s Business Daily. Follow him on X  @IBD_KShreve  for more stock-market analysis and insights, or contact him at  ken.shreve@investors.com .