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This could be the most luxurious helicopter on Earth

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Bell 525 helicopter

The Bell 525 Relentless super-medium-class helicopter—now in development and expected to fly for the first time this spring—was designed to meet the grueling demands of offshore oil operations, but it also will be available with a variety of luxurious cabin interiors.

The 525’s commodious 88-square-foot cabin can be equipped with the sorts of technology and entertainment amenities more commonly found aboard private jets, expanding what is possible for private helicopter travelers. New images from the company offer a sample of VIP interior options, including oversize swivel seating, conference layouts, and a mini galley. 

The 525 Relentless is the first commercial helicopter with a fly-by-wire cockpit, featuring sidestick controls and a fully integrated touchscreen Garmin flight deck. It can cruise at speeds up to 178 mph and fly up to 575 miles nonstop. Deliveries are expected to start next year; Bell has not yet announced a price.

Bell 525 helicopter

Bell 525 helicopter

Bell 525 helicopter

SEE ALSO: Tesla still isn't doing one thing the big carmakers do

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Prada is in crisis

This new pilot's watch from Patek Philippe isn't for purists

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Patek Calatrava Pilot

Last year, Patek Philippe released the hyper-cool stainless steel Nautilus 5990 Travel Time, and this year, they've continued the travel theme with a new pilot's watch. In a surprising move, Patek has played to the trends and reached into their history to inspire the new Patek Philippe Calatrava Pilot Travel Time Ref. 5524.

With a classic and rugged design, handy jumping-hour dual time complication and a trick pusher design, this odd-ball Calatrava stands out in Patek's current line up.

The Patek Philippe Calatrava Pilot Travel Time Ref. 5524 is based on old Patek Philippe hour angle watches that helped pilots calculate their position when used in tandem with a sextant and a radio. The exact reference pieces, which are also known as siderometers, are on display at the Patek Philippe museum and were used to inform the design of this sporty new Patek Philippe Calatrava Pilot Travel Time reference 5524.

Nowadays, siderometers are not especially crucial complications, so Patek opted to use their travel time functionality to add some flare to the rather common pilot watch aesthetic. The movement is Patek's CH 324 S C FUS, an automatic movement with 294 parts, 29 jewels, a maximum power reserve of 45 hours, and Patek's Gyromax balance. With support for dual timezones via a local jumping hour hand, day/night indication for both home and local time, and a sub dial for the date, this is a nicely featured and well thought-out design for a travel complication.

The Patek Philippe Calatrava Pilot Travel Time Ref. 5524's case is 42mm wide and offered exclusively in white gold. With a thickness of 11.78mm and a lug to lug slightly under 51mm, the Calatrava Pilot Travel Time feels excellent on wrist, with a very masculine and sporty appeal (despite the gold case).

Patek Calatrava Pilot

The dial is done in a very dark blue lacquer that appears somewhat grey in all but bright lighting. The hands are blued steel with ample lume and the arabic markers are also generously lumed for low light visibility. Additionally, the supplemental hour hand can be hidden beneath the main hour hand when the owner is not traveling. 

To ensure 30m of water resistance and to protect the time display from accidental change, the pushers for the travel time feature a patent-pending locking pusher design that only requires a light quarter turn of the pusher cap to lock the pusher in place. In hand, this feature feels and works beautifully, and it's an elegant solution that is much more user friendly than a traditional screw-down pusher (especially given that the pushers are on the left side of the case).

Patek Calatrava Pilot

Although the Calatrava Pilot Travel Time may seem like a strange watch for Patek Philippe to produce, I am far from a Patek purist, and I found it to be entirely charming in person. While it's far from an original design, the implementation is strong, the proportions are excellent and, if you want a sport watch in white gold, I'd certainly recommend seeing the Patek Philippe Calatrava Pilot Travel Time Ref. 5524 in person before passing final judgement.

Priced at $47,600 USD mounted on the vintage style brown leather strap seen in the photos, the Patek Philippe Calatrava Pilot Travel Time Ref. 5524 is quite expensive, but what did you expect? Like the white gold GMT Master II announced last year, this is precious metal meets luxury wrapped up in a time-proven sporty pilot design.

SEE ALSO: 10 incredible new watches to add to your collection

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Don't buy the Apple Watch – buy a real watch instead (AAPL)

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apple watch 19

The reviews of the Apple Watch are in – and they're brutal.

The gadget goes on sale on Friday. Mainly, it's the tech folks who've checked out what was expected to be the finest smartwatch of them all. And the most fashionable. We'll have to wait for the high-end watch world to offer up its views.

However, if the Apple Watch is less than thrilling, hard to use, flawed – well, that would make it a typical first-generation gadget. Even from Apple. 

But whatever. If you must have one, you will. But you could also put your money into a real watch. 

"Real watch"– I know it's a provocative and snooty concept. The Apple Watch is a toy! The Patek Philippe Calatrava is a true timepiece, an shimmering example of Swiss horological skill and tradition!

Ugh. But let's say you now have some reservations about dropping $650 on the same stainless-steel Apple Watch with a Milanese loop band that the New York Times' Farhad Manjoo spent time with before writing his fairly ambivalent review. Here's what you should do with the money instead.

Use it for a down payment on an Omega Seamaster. You can get a certified pre-owned version for about $3,000. Make payments for a year or so and then own it free and clear. Forever. Because it will last ... forever, if serviced and cared for properly. It's easily the best value there is in high-end Swiss automatic watches. No, it's not a Rolex Submariner. But it's basically the same watch, and it's thousands less.

Omega Seamaster

You could hang onto your $650 first-gen Apple Watch for 30 or 4o or 50 years and it might retain some historic value, but its actual value will be effectively zero. Heck, its actual value will pretty much be zero when the next gen appears in a year or so. This isn't news. Everyone has offered this observation.

Meanwhile, in 30 or 40 or 50 years, assuming the Swiss watch industry doesn't vanish from the Earth, your Omega Seamaster will still tell time and still enable you to go swimming with it on. You kids or grandkids may very well be eyeing it. And you will be able to sell it for at the very least a few hundred and maybe even a few thousands dollars. Over 30 years, it will have cost you $100 a year and served up decades of pleasure. 

Or you could just keep buying Apple Watches. 

All right, so maybe you don't want to spend $650 to start owning a fine Swiss sport watch.

You can buy a very nice Seiko dive watch that will also last forever for about $400 (before online discounts and markdowns). Not Swiss. But rock-solid Japanese, from a watchmaker that's been around for ages. Not as likely to hold its value as the Omega. But not a watch that you'll ever have anything to complain about.

Seiko Diver

So there you have it. Don't spend your money on this awful Apple Watch. Buy a real watch instead.

SEE ALSO: I'm going to buy an Apple Watch — in 3 years

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Bentley decorated a hotel suite in Istanbul – and you can stay in it for $5,345 a night

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New Bentley suite debuts at the St. Regis Istanbul (1)

Bentley and St. Regis hotels have collaborated again – this time in Istanbul.

For 5,050 euros a night ($5,345), you can stay in a huge corner suite in the chain's new Istanbul hotel. The suite was decorated by the famous luxury car brand.

Everything was inspired by Bentley, from the curves of the room to the sofa that uses the same quilted leather pattern as the auto brand's seats. There's even a wine chiller.

Bentley and St. Regis have collaborated before, for a suite in the flagship hotel in New York.

Welcome to the Bentley Suite at the St. Regis, Istanbul – available for 5,050 euros a night ($5,345).



Modeled after the Bentley Suite in the St. Regis New York, the suite is packed with artful and luxurious details. Model cars rest on the suite's many surfaces.



Look at all those luxurious curves!



See the rest of the story at Business Insider

The private 747 is a flying palace


There's one part of the watch market that Apple won't be able to disrupt

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Apple store Apple Watch launch day customer trying on

A lot of people evidently want to buy an Apple Watch.

The party line from the traditional watch industry has been that this is no big deal, that the Apple Watch isn't really a watch but more of a gadget or a geeky plaything and that the world of "real" watches has nothing to worry about.

Maybe. We got some indications recently, reported by Business Insider's Lianna Brinded, that the arrival of the Apple Watch has at least stalled the pace of purchasing in the luxury watch world.

There's one contingent of the watch-buying public that likely won't have much use for an Apple Watch: people who need a very tough timepiece.

The Apple Watch looks to have a lot going for it, but robustness isn't one of its selling points. We've heard that it was designed to be relatively durable – obviously able to stand up to workout demands – but even if Tim Cook says he showers with his watch on, that's not a risk I'd want to take. Modern micro-processors plus batteries plus water equals NOT GOOD.

Many folks need or want a watch that they can beat the crap out of. Often, they spend less than $100 on a Casio G-Shock and are perfectly happy. Other folks desire a bit more style and tradition. They're the ones who will buy something like a Seiko Diver, a watch I highlighted as a good alternative to Apple Watch if you want a very solid "real" watch, but don't want to spend a lot of money (you can get one for $400, before the usual online discounts).

As it turns out, over the weekend I got some insight into just how utterly useless the Apple Watch would be for a person who needs a watch that can handle just about anything. 

I watched the 2013 film "All Is Lost," starring Robert Redford and only Robert Redford as a solo sailor shipwrecked at sea. Redford barely speaks any dialogue, but he does manage to survive his predicament – as does his Seiko Diver, a Japanese automatic watch (no battery, uses the motion of the wearer's body to keep the movement ticking) that has a stupendous reputation among people who spend a lot of time on or under the water.

Redford All Is Lost

The man and the watch take an unholy beating. Redford's boat has a hole punched in it, which he patches himself. Then his boat is clobbered by a massive storm and sinks. Redford abandons ship and takes to an inflatable life raft. He teaches himself celestial navigation using an antiquated sextant (it's very helpful to have a relatively accurate timepiece when navigating this way), ends up in a shipping lane, is missed by several cargo ships, ultimately sets his raft on fire as a signal, and is rescued.

Tough guy, touch watch. Numerous watch aficionados noticed the Seiko in the movie – it's a timepiece with a reputation for being utilitarian, highly waterproof, and nearly indestructible, not to mention inexpensive. It bears a resemblance to the discontinued Rolex GMT-Master II "Pepsi," so named because of its red-and-blue bezel – but you'd be bummed if you lost your $6,000 vintage Rollie. So the Seiko is a better choice if you're planning to take to the waves for an extended journey.

Seiko Diver

In "All Is Lost," all of Redford's electronics are fried. The circumstances were extreme. But I wouldn't really want to test an Apple Watch when washing dishes or in a thunderstorm, much less in the middle of the ocean, surrounded by salt water. By the end of movie, Redford has only one functioning piece of technology – his watch. 

Apple isn't going to convince anyone who plans to subject their timepiece to plentiful abuse to strap on one of their wrist computers when the strapping on counts. Although I suppose there could be an aftermarket opportunity here, perhaps for somebody like OtterBox – makers of super-tough iPhone cases. 

So although the traditional watch industry may face a bigger threat from Apple that it's admitting, the idea that a watch is a tool in addition to being a statement about style should keep at least one segment of the traditional market going and going strong.

SEE ALSO: Here's the thing about the Apple Watch — it isn't really a watch

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Rolls Royce redefines luxury with these 3 new customized models

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Rolls Royce rolled out their bespoke models at the New York International Auto Show. These latest 2015 offerings come with heavy customization and tweaks to suit its customers' desires. These tweaks include custom paint combinations along with eye-catching interior accents and can add a 30% premium to the price of the car.

Produced by Jason Gaines. Video courtesy of Associated Press.

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11 things you should know before investing in a luxury watch

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mensstylerolex 1 resized

I’m not a watch expert, but Ariel Adams from A Blog to Watch is.

I recently picked his brain (and combed his website) about investing in quality watches (he has a lot to say on the subject) and tried to summarize it in a simple “Guide to Investing in a Timepiece”.

If you’re in the market for an “investment watch”, here are some things you should know:

Fit

The proportion on your wrist is key.  If you have a big clunky wrist/hand, you’ll want to look at bigger, stronger watch faces.

Too small (or too slim) and it can look dainty, delicate, and too formal for casual wear. Too large (or complex) and it can look overly utilitarian and too casual for a sharp suit.

Style

Ideally you can find a watch that is versatile enough for just about any outfit or situation, similar to the Montblanc Timewalker that I’ve been wearing on the site for years. I suggest looking for something that is minimal and classic. Something that won’t clash with your outfits and something that you won’t get sick of looking at every day. Think about a neutral colored face that is easy to read with limited complications (or “functions” like sport timers and chronographs), one simple crown (the dial you use to change the time), and a sharp metal or leather (or crocodile) band that you can replace with other straps (like grosgrain for the summer, suede for the Fall, etc). It felt like a lot of money when I first bought my watch, but five years later I’m still wearing it almost every day – that’s a good investment in my mind.

Movements

Patek Calatrava PilotThere are three basic ways that watches tell time:

“Digital watches are powered by an ultra-small watch battery (the kind you usually see by the checkout counter in electronic stores).

Quartz watches are analog timepieces that run on a tiny, vibrating, electrified quartz crystal. They keep extremely accurate time (within a minute each year).

Finally, mechanical watches are powered by a complex array of gears and springs. These watches can command a hefty price as a result of their superior craftsmanship. Unfortunately, the ancient art of hand-wound watchmaking remains imperfect. Mechanical watches lose about an hour a year and must be wound regularly… The name of the luxury watch game is having the best possible mechanical movement. Why? This is not an easy question to answer, to be honest, because quartz watches are actually more reliable and accurate, for the most part. Still, a mechanical watch movement never needs a battery, represents the classic way of making watches, and offers a certain emotional value that the “tick, tick, ticking” of a quartz watch simply cannot offer.”

Value Retention

“First, watches should not be thought of as financial investments. While it is possible to purchase watches that will retain or even possibly increase in value… those instances are the exception and not the rule. Timepieces are like cars, and in most instances they depreciate after you buy them. The amount of depreciation depends on a huge number of factors, and the best way to know how much a specific watch may depreciation is to look for pre-owned ones online and see what they are selling for versus the new ones. If a watch is priced at within 20% of its retail price when lightly used, we’d say that it holds value pretty well… Get a steel Rolex sports watch and you’ll know the meaning of how a watch can retain value.”

How Much to Spend

woman holding a Rolex watch“You should not spend more than you can afford on a watch. If you can afford a lot for a new watch that is all the better, but if you are pushing yourself only to think you can later resell your watch and recoup your investment, it might be worth managing your exceptions a bit. They don’t call them luxury watches for nothing.

What you should be looking for is value for your money. You want to get a lot for your money, and if you aren’t familiar with what to expect then I recommend our watch buying guides that specifically cover the topic of what features to look for in watches of various price points. Nice watches are expensive. If you want a decent mechanical Swiss watch it is going to cost you about $500 on the very lowest-end. You should expect to spend $1,000 – $3,000 for most ‘entry-level mechanical Swiss watches’, and mid-range mechanical Swiss watches can go from $5,000 – $10,000 (or a bit more) these days. The sky is really the limit from there.”

Buying with Trust

Patek Philippe ref. 1527 watch with perpetual calendar and chronograph during an auction preview at Christie's in Geneva“You must trust the person you are buying your watch from. That is crucial. No matter if it is from a large department store, small dealer, or individual person selling a pre-owned watch, you need to trust them. We are talking not only about high-value goods, but also about items that can be very costly to repair. Getting a broken watch is a hassle you don’t want to deal with. So in the event you get a damaged or defective timepiece you need to trust that the retailer or seller will fix the problem either by repairing the watch or by returning your money… Trust means that the seller will do the right thing if there is a problem, and that you are getting a real watch.

This leads into something called the gray market where people sell new watches outside of the authorized dealer work. New or newer watches can be had for discounts. Sometimes great discounts. However, buying this way is not with out risks and buyers who are new to this should stick to more traditional sales channels. Deals too good to be true often are but modest discounts even at authorized dealers aren’t totally uncommon. The best way to get the best price is to approach a respected dealer and have a real intent to buy. Ask for their best price and that if you are satisfied you’ll buy then and now. ”

Finding a Discount

“Watch brands don’t like it when we suggest non-official ways to buy watches, but it only takes a mere Google search to determine that many watches are available online at prices under their standard retail price. It is a good idea to also know how much discounting is going on. Steep discounting can mean that a watch isn’t in demand, that it is no longer in production, or that there is a very high availability of inventory. That doesn’t mean it is a bad watch, but it is good information to know. Buying from brand boutiques or authorized third-party retailers is probably the safest way to get a watch, but it certainly isn’t the only way.

You should also check eBay. The world’s most popular auction site is also the world’s most popular place to buy watches. That’s just a fact. There is a huge inventory there and people sell both new and used watches on eBay everyday. eBay most certainly doesn’t have everything, and sometimes not even the best price, but it would be ignorant for a guide on buying your next watch to ignore the importance of the eBay watch marketplace.”

On a Budget? Go Japanese

Seiko“When people ask me about getting new mechanical watches for under $500, the first thing out of my mouth is always “get something from a Japanese watch maker like Seiko, Orient, or Citizen.” I say this because for the most part, these companies produce the best quality “cheap” mechanical watches. I suppose that also goes for quartz watches, if you are into that. When I talk of quality, I don’t just mean the movements, but also the cases, dials, straps, etc… Japanese watches are often the first “real” watches most watch lovers end up getting, and many people (even though seriously into luxury Swiss watches) find themselves buying Japanese watches for years.”

Buying Vintage

“While we generally tend to advice against the purchase of most vintage watches for most people, they can be an enjoyable and emotionally pleasing investment for many people. Our main reasons against getting old watches is because (depending on how old they are) they are more fragile, less mechanically sound, and often too small for modern tastes. That means more care and money into their upkeep. But again, it really depends on the specific watch as well as the owner… Many vintage watches are like vintage cars – and with that comes all the servicing and maintenance headaches… Depending on how old or rare a vintage watch is, it might not be something that can be serviced at all.”

Maintenance

“Don’t abuse the little machine with moving parts that is on your wrist. Buy a “beater watch” like a Casio G-Shock that you’ll wear when you know your watch might get beat up. Think of watches like shoes. Different shoes are used for different situations. Would you go hiking in your dress shoes? Also be sure to have a professional watch maker service your watch when it breaks or starts to tel time inaccurately.”

Make It Personal

Rolex Submariner“The pleasure of owning a fine watch (or many watches) is immeasurable for those who love history, design, engineering, mechanics, and art. Though like many “toys for big boys” watches aren’t always cheap so carefully consider each purpose. The best advice I can say is to buy watches that you yourself want and like. At the end of the day you need to wear it. Make sure the dial is easy to read and that it wears comfortably on your wrist. Don’t buy a watch just because you see it on other people’s wrists or because someone tells you it is popular. It’s a very personal decision so consider it an extension of your good taste, lifestyle, and maybe a sign of your success.”

Thanks for reading and special thanks to Ariel Adams for dropping some knowledge on us today! For more info on all things timepieces, including in-depth reviews and buying guides, check out A Blog To Watch

SEE ALSO: 7 of the most expensive watches you can buy

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LVMH is cannibalising itself in China

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louis vuitton michelle williams advertising campaign Louis_Vuitton_185_Michelle_Williams_advertising_campaign_1_DI3China is giving LVMH Moët Hennessy, the world's largest maker of luxury goods, a massive headache.

The makers of Louis Vuitton confirmed on its first quarter revenue analyst conference call today that it is trying to crack down on people buying luxury goods in bulk in Europe and then selling them on in China, in what it calls "the grey market."

"When you have soaring currencies and increasing price gaps on grey market, you see some market dilution. We've placed strict retail restrictions for the amount of products that people can buy," said Jean-Jacques Guiony, chief financial officer at LVMH on the conference call. "But, when you see someone in a store, you don't know whether they are buying handbags for themselves or to sell them onto the market in China. We are trying to make sure we are not competing with our own products in the China market but our actions are not entirely bullet proof."

Effectively, LVMH is worried it will involuntarily cannibalise its own sales. This is because if people are "successfully" buying its brands in bulk overseas and selling it at a discount in China, it will find itself trying to compete price-wise with the black marketers.

Buying luxury goods in the US and European market is an attractive prospect for mainland Chinese residents. This is because the average price of luxury goods in China, according to estimations by the Chinese Ministry of Commerce, is is around 51% higher than in the United States and 72% higher than in France.

While the goods hold a hefty price tag anyway, import duties range from 10% to 25%, while that type of tax on luxury cosmetic products and alcohol can rise to 60%.

This is not to mention VAT being around 17%.

Other China troubles 

Although LVMH reported a huge 16% rise in revenue for the first quarter revenue of 2015, climbing to €8.3 billion, China is shaving away at its margins.  

The revenue jump was not down to organic growth.

weak euro against the dollar boosted LVMH sales and a strong performance from its key brand Louis Vuitton helped its "excellent start to the year" in Europe and the US.

On a like-for-like basis revenue growth rose 3%, compared to the same period in 2014. Until five years ago, LVMH used to report 10%-plus growth rates year after year. Those days are gone. The brand's revenue hasn't hit the double-digit growth rates for two years or more, if you don't count currency fluctuations.

But like most luxury brands, LVMH revealed that it is still being hit by China

Tough trading in China hit LVMH's wines and spirits unit, which includes the Hennessy cognac brand. According to the group's Q1 results, wines and spirits sales fell 1% compared to the last period.

But this is still better than the 3-4% drop predicted by analysts:

louis vuitton

Since Chinese President Xi Jinping came to power two years ago, the country has cracked down on "gifting," the practice of offering very expensive gifts to company executives or people in power.

While it is a long-standing tradition in Asia, the practice has fallen under scrutiny because of a range of corruption cases filed against government officials and company executives.

The "tricky" case of luxury goods pricing

A model, bag detail, walks the runway during the Louis Vuitton show as part of the Paris Fashion Week Womenswear Fall/Winter 2015/2016 on March 11, 2015 in Paris, France. Last month Business Insider detailed how luxury brands, especially Prada, were in trouble due to the slowdown in sales growth in China. The larger the company's exposure is to Asia, the worst trouble the company seems to be in.

Some brands like Chanel have already taken aggressive steps to buoy up sales. It adopted a new global pricing policy which meant it cut prices in China by 22% while also hiking up prices in Europe by 20%.

Prada neglected to follow the same route and instead cut prices in China but said it wouldn't increase prices in Europe in order to "protect local demand."It posted a 1% fall in revenue to £2.6 billion ($3.8 billion) for 2014 and a 28% plunge in profits.

LVMH said today on the analyst conference call that is it not interested in following in Chanel's footsteps.

"We do not think a unified pricing structure makes any sense for luxury brands," said LVMH's CFO Guiony. "The main reason is because it does not give flexibility for currency fluctuations.

"It's hard to know how price movements are affecting Chanel. It was pretty recent and they don't report their figures on a regular basis, so frankly I have no idea [how it's affecting the company's sales]. We've seen queues in front of Chanel stores in Hong Kong and China but you don't know if they were just there for the immediate discount.

"What we've learned from the past is that you don't act too quickly. Currencies fluctuate a lot and you don't want to be in a situation that you can't control."

While cutting prices seems a good option, to some, Barclays' analysts point out that it is still a risky route to take for a luxury brand for other reasons (emphasis ours):

"We continue to see a key risk here the soft luxury industry from price cuts as we highlighted in our note Price cuts a key risk for soft luxury (April 1st). While we expect some price realignment from Louis Vuitton, the magnitude of Chanel’s price adjustments may be tricky to replicate given the risk to alienate local demand in Europe in particular at the entry price point and potentially hurt brand equity in China."

Brand equity is a huge deal for luxury goods makers. Their items need to carry an air of exclusivity and decadence that the average shopper wouldn't be able to afford. This is how they are able to charges thousands of pounds for a sweater or $50,000 for a handbag.

Showing your wealth through by carrying around items of clothing is part of the parcel for the nouveau rich. If a brand is seen as too common, then the wealthy start spending thousands of pounds elsewhere.

Take a look at Michael Kors in the US. The American brand enjoyed a stunning rise in popularity in recent years thanks to its trendy handbags and watches. However, the relative affordability of its goods led to widespread popularity. This was the "kiss of death for trendy fashion brands, particularly those positioned in the up-market younger consumer sectors," according to industry expert Robin Lewis in his blog.

According to HSBC managing director Erwan Rambourg in his new book, "The Bling Dynasty: Why the Reign of Chinese Luxury Shoppers Has Only Just Begun," brands that become too accessible are less appealing to super rich buyers.

In fact, Louis Vuitton is already at risk in China of alienating its shoppers with price cuts because it is considered as a "brand for secretaries" by many wealthy Chinese.

Luckily though, according to a diagram made by Rambourg about the hierarchy of brands, LVMH's Berluti label is near the top.

Overall, LVMH's Fendi, Celine, Givenchy, Kenzo and Berluti brands, were up 13% in the first quarter this year at €2.98 billion.

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Rolexes are so much more than luxury – they've always been watches for professionals

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Rolex

What exactly is a "Rolex Oyster Professional" watch? Most Rolex watches produced today use the brand's Oyster case which embodies years of development that started with the original Rolex Oyster watch from 1926.

At the time Rolex pioneered the first ever watch case with screw down crown, bezel, and caseback that offered water resistance and dust protection, though it was not until 1953 that the Professional Collection was born.

The idea of the Rolex Oyster Professional today is the perpetuation of timepiece models that were originally intended for professional use. That included watches for people engaged in diving, flying, automotive and sport racing, science and industrial work, as well as general planetary exploration.

Rolex Oyster Professional watches by nature are more durable and utilitarian in design, and they also have in many instances additional production or testing steps added to their manufacture before they leave Rolex and go out to the consumer.

So in short, a Rolex Oyster Professional watch today is one that is based on a historic model meant for actual professional use and is produced with some extra safety and reliability features compared to Rolex's more casual or dress models.

Two of Rolex's foundational Oyster Professional watches were born in 1953; they were the Explorer and Submariner. 1953 was also a moment when Rolex experienced one of their most important social achievements that would mark how the brand would be perceived thenceforth. Sir Edmund Hillary and Tenzing Norgay were part of the British expedition to climb mount Everest, and succeeded in being the first people in the world to do so. It was an amazing feat of human endurance and today watch fans recall the fact that Hillary (and Norgay) wore a Rolex Oyster Perpetual timepiece. The model would quickly evolve into being the now iconic Rolex Explorer, which was also released that year. The message to the public was that the Explorer was the timepiece of people who went to extreme lengths to get to where they wanted to be– an allegory that would transcend scientific exploration into the lives and struggles of normal people.

Rolex

1953 was also the year that Rolex released the very first Submariner– a timepiece they claim as the world's first timepiece water resistant to 100 meters. In many ways the Submariner was the ultimate evolution of the Rolex Oyster case, as it was further refined for additional water resistance. While the "Oyster Professional" term did not exist yet in 1953, the Submariner and Explorer were two timepieces designed for, and often used by, professionals versus merely the general public. This was a golden age of modern exploration in the world as the pre-space race era was about exploring great depths and great heights.

After releasing models for scientific exploration and deep diving, Rolex decided to expand its focus on timepieces for pilots as well as physicists. Aviation professionals have been lucky enough to enjoy the attention of watchmakers since almost the beginning of flight in the early 20th century. Rolex was comparatively late to the game with their first aviation-themed watches coming in 1955 with the original GMT-Master. Watch lovers know the story of the GMT-Master well as Rolex worked closely with the commercial airline Pan Am (Pan American World Airways) to create what their pilots needed. In many ways Rolex worked off of a successful formula. In fact, if you've ever wondered why so many Rolex Oyster Professional watches look similar, it is because Rolex did not try to reinvent the wheel with each new timepiece, but rather add additional or different features to their previous generation wheel.

For that reason, the GMT-Master from 1955 was very similar to the Submariner, which itself quickly adopted the hands from the Explorer. What made the GMT-Master different was the 24 hour GMT hand, and 24 hour scale bezel. The GMT master was also unique (and later iconic) because of its two-tone blue and red bezel that was meant to be a sort of AM/PM indicator. This would later be known as the "Pepsi bezel" due to its similarity with the color tones of the soft drink. In many ways it was similar to the Submariner, but with some important but visually minor changes.Rolex GMT Pepsi

The situation was similar with the 1956 Rolex Milgauss– a timepiece they produced in collaboration with the CERN laboratory in Switzerland. The physicists there wanted a magnetically shielded watch that was not susceptible to the magnetic fields created around their particle accelerators. So Rolex created a timepiece for scientists with the Milgauss that was resistant to 1,000 Gauss because of a soft iron core that shielded the movement. For this watch, Rolex wanted something a bit more genteel, yet still a professional watch. The Milgauss more or less had the existing Oyster case, but the dial was inspired by the original Rolex Oyster Perpetual models with a lightning bolt seconds hand.

 

It was in 1963 that Rolex launched the Oyster Cosmograph that would soon become the Rolex Oyster Cosmograph Daytona. Rolex had been producing chronograph models for at least 30 years at that point but this was their first real racing world-inspired chronograph watch. No one really knows where the term "Cosmograph" came from, though it is Rolex-speak for chronograph. I've actually asked Rolex this question myself and they more or less said that a Rolex chronograph watch should measure more than just the time so they needed a cool name to indicate such. I do admit that Cosmograph does have a pleasant sense of mystery to it.

Daytona was added as Rolex began to have a more serious involvement with the world of racing and named the watch family after the now famous race track in Florida. Unlike the other models in the now Rolex Oyster Professional collection, the Daytona would eventually adopt a slightly different case design due to the existence of the chronograph pushers. The original Daytona models did not include screw-down pushers, but the collection would later be known for this feature as Rolex added them to increase durability and water and dust resistance.

Rolex Daytona

Stepping back a few years for a moment to 1960, Rolex released the Deep Sea Special that was a non-commercial concept watch meant for extreme diving. It featured an extremely thick steel case and almost comical bulbous crystal given that it was going down near the bottom of the Mariana trench strapped to the Trieste bathyscaphe submersible. The production of the Deep Sea Special gave Rolex valuable knowledge about extreme water resistance and the watch successfully descended to 37,800 feet.

The development of the Deep Sea Special allowed Rolex to produce an even more durable version of the Submariner that they called the Sea-Dweller, which was originally released in 1967. It was water resistant to 630 meters, though later that number increased. In many ways the Sea-Dweller helped Rolex lead up to the modern Submariner and DeepSea timepieces of today.

RolexBy the 1960s, Rolex had released most of the major models that would fall under the modern Rolex Oyster Professional umbrella. Additional models would come later of course, but each of them existed to build on concepts and timepieces that Rolex released from between 1953 and 1967. The most recent Rolex Oyster Professional models families are the Yacht-Master originally 1992, and the Sky-Dweller from 2012. Pretty much everything else such as the Explorer II and GMT-Master II was an evolution or update on an existing collection.

In 1971 Rolex released the Explorer II which combined the allure of the original Explorer with the GMT-Master. Rather than a rotating 24 hour bezel it has a fixed one, but offered the benefit of a second time zone. It was meant to be not just an explorer's watch, but a more durable explorer's watch meant for harsh conditions such as polar or underground exploration. One purpose of having a 24 hour hand on a timepiece such as this was giving explorers the ability to know whether it was day or night rather than use the GMT hand to indicate a second timezone. This was an important feature when exploring in a place where the sun didn't go down, or deep in a cave without any sunlight.

The Yacht-Master is perhaps the odd man out because it was never developed for strictly professional use. The Yacht-Master is more a child of the times, as in the 1990s the mechanical watch industry was fully invested in moving upmarket. With sport watches being ever popular, Rolex was intent on producing a high-end, yet durable sport watch that people could use while sailing for sport or pleasure. Today, all Yacht-Master watches have either a platinum or gold bezel rather than a steel one. The Yacht-Master II was released in 2007 and was not only perhaps the largest Rolex watch produced, but also signaled an intent to delve into more complicated movements by Rolex. The Yacht-Master II contains a programmable countdown timer chronograph which is partially adjusted by turning the bezel.

I asked Rolex what year the term "Oyster Professional" began to be used in their marketing and sales materials, but they did not offer a specific response except to indicate the 1953 birth year of the pieces that began the collection. My instinct is that Rolex began to make a semantic distinction in the 1990s, or perhaps 1980s. Today Rolex Oyster Professional watches are more or less defined as their sport watches. While both men and women wear most models, only the Yacht-Master has specific versions for ladies with smaller-sized cases.

Even though Oyster Professional watches are sporty and durable by nature, I was curious as to what else, if anything separated them from Rolex's other Oyster collection timepieces today. Specifically, I was curious about whether there were distinct production processes or tests that only Oyster Professional watches were subject to.

According to Rolex there is no specific list of features, production techniques, or tests that apply to all of the Rolex Oyster Professional watches, but overall the cases they use and the way they test the final watches are more rigorous than other watches they produce. Furthermore, the production of Oyster Professional timepieces can be more complicated than that of a Rolex Oyster Datejust or Day/Date. The Milgauss, for example, has a case that is surrounded by a magnetic shield, and the Deep Sea has extra features such as the Ringlock system, which is involved in its massive level of water resistance. 

In the design phase Rolex Oyster Professional sport watches are given beefier cases and features such as crown guards to protect the crown. Even though not all professionals use mechanical timepieces today, Rolex is still invested in producing the highest-quality professional-use timepiece possible. Further, I would say that Rolex Oyster Professional watches are designed for greater longevity, but I don't think that is true. From what I have experienced pretty much all Rolex timepieces are designed to last as long as possible given their intended use.

One area that Rolex Oyster Professional watches receive more intense durability testing is in regard to water resistance. All Rolex dive watches are tested first in an air chamber (along with other Oyster case models), and again in actual compression chambers filled with water. Rolex indicates that all of their dive watches are tested to be capable of withstanding 25% more than their posted water resistance level– an interesting bit of information for sure. The DeepSea models actually have their own special water testing chamber that Rolex developed with Comex. Because it tests so much more water pressure, the system that tests the water resistance of each DeepSea watch takes over an hour.

While Rolex offered some useful information in our discussion of the history and development of the Rolex Oyster Professional watch, aBlogtoWatch did visit Rolex's manufacture to observe and better understand how Rolex makes its watches. Today Rolex Oyster Professional watches are luxury items that haven't forgotten what made them popular and desirable items in the first place. Models such as the Submariner to the GMT-Master II are still so popular because they have never forgotten their tool watch origins. It is possible for novices to be confused as to why many of them share design features, but understanding their history and how Rolex built off previous models to develop new ones allows for a greater understanding of how the Rolex Oyster Professional family of watches evolved very organically.

It has been a while since Rolex has developed a new collection of watches with the professionals of today in mind. In 2012 Rolex surprised everyone by releasing the DeepSea Challenge concept watch that went down with James Cameron back to the Mariana Trench. That was very cool, more so knowing that Rolex literally had just weeks to produce it. Though it would also be interesting to see Rolex see to the needs of other modern active professionals in the creation of new members of the Rolex Oyster Professional family in the near future. So what is an Rolex Oyster Professional watch? In addition to being among the world's most successful sport watches, they are also a signal of class and ideals that recalls Rolex's achievements with professional wearers in the mid 20th century until today.

SEE ALSO: 10 things every Rolex owner should know

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The most expensive ice cream in the world is sold in Dubai — and it costs $817 a scoop

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Scoopi Cafe in Dubai serves a desert called "Black Diamond," which is considered to be the most expensive ice cream in the world with a price tag of $817.  Like all varieties of ice cream served at Scoopi, the "Black Diamond" is made from scratch. 

The ice cream's ingredients include Italian truffles, ambrosial Iranian saffron and edible 23-karat gold flakes.

Produced by Jason Gaines. Video courtesy of Associated Press.

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Here’s what it’s like to wear an $18 million watch that's covered in diamonds

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Jacob Co Billionaire diamonds watch 24

I am going to talk about a patently lavish, intentionally outrageous, and easily offensive timepiece covered in diamonds that I am kind of into. This totally one-of-a-kind creation is new for 2015 and is the Jacob & Co. Billionaire watch that founder Jacob Arabo produced in collaboration with Italian Flavio Briatore's Billionaire fashion label. I first wrote about the Jacob & Co. Billionaire Watch with more background information here.Jacob Co Billionaire diamonds watch 26Let me be rather clear that I am not the type of person who Jacob & Co. thinks will be able to purchase this watch. For one thing, I don't have a spare 18,000,000 Swiss Francs laying around, and if I did, I would likely have other things to do with it. Let's put that number into perspective a bit. In most parts of the world, 18,000,000 Swiss Francs (which usually turns out to be a bit more in US dollars, given typical currency exchange rates) can buy you a really nice home (or mansion, villa, etc...). You can also buy a really nice Yacht, and perhaps a cool plane or two. Let me put it a different way that might make more sense to people who aren't in the yacht-buying mood that often.Jacob Co Billionaire diamonds watch 14Jacob Co Billionaire diamonds watch 39If you invest 18,000,000 Swiss Francs rather conservatively and make only... say, 7% per year on it, that is 1,260,000 Swiss Francs per year. That is about $1.3 million dollars at the current exchange. Meaning that if you spend all of the interest income per year, the price of the Jacob & Co. Billionaire watch will let you live on $1.3 million dollars per year (give or take) for ostensibly the rest of your life. Sure, there are taxes involved in that, but that is a really nice way to live for the majority of people on this planet. Being set for life... or this assortment of 260 carats of large, baguette-cut diamonds on what apparently is my too-small wrist to wear and enjoy; this ultimate reminder that you can buy and sell people without giving it much thought. That's sort of the brand Jacob & Co. is, in case you haven't been paying attention.Jacob Co Billionaire diamonds watch 3The Jacob & Co. Billionaire doesn't so much feel like a watch as it does a crown - only one that you wear on your wrist rather than on your head. It might not be something everyone considers pretty or even tasteful, but it sends the right message and is probably not the most comfortable thing to wear. Comfort is really beside the point, no king ever praised the comfort of wearing a heavy piece of gilded metal on their head. If you are the privileged person who wears the Jacob & Co. Billionaire, then I believe you have an obligation to do so in order to warn the people around you about who you are, and that obligation extends to its large-size and girth. Though, for people with more Schwarzeneggerian-sized wrists (I know because I've seen his wrists first-hand) the Jacob & Co. Billionaire may likely fit quite nicely. Well, maybe it isn't that large, but in many ways, this is a timepiece that feels larger than life.Jacob Co Billionaire diamonds watch 38Jacob Co Billionaire diamonds watch 23While it is difficult to measure the watch size because the case melds seamlessly with the bracelet, according to the brand, the Jacob & Co. Billionaire watch is 47.5mm wide and a hefty 58mm tall (long). The 18k white gold case is somewhere down there under the diamonds, and the bracelet gracefully slopes down from the case rather than dropped down immediately in a way that might make it fit better. Its more like a massive diamond-covered bangle bracelet. You, theoretically, could remove bracelet links as one would on most other watches with bracelets... but in this case, do you really want to reduce that 260 carat count? I think you owe it to the careful creators and gemologists who toiled on this timepiece to maintain its full dimensions whilst wearing it. So I am not going to suggest removing any links for sizing purposes.Jacob Co Billionaire diamonds watch 34Jacob Co Billionaire diamonds watch 1Jacob Co Billionaire diamonds watch 31In person, the Jacob & Co. Billionaire watch is surprisingly approachable. While you may have a different opinion on its design, this is not an ugly item. In fact, in its own particular way, I find the Jacob & Co. Billionaire watch to be rather beautiful. The quality is excellent, and the stones are all impossibly clear and of a good color. Baguette-cut diamonds don't refract light like brilliant-cut ones, so looking at the Billionaire watch isn't a blinding ordeal of sparkles. Instead, the size and shape of the diamonds really allows you to appreciate the beauty of each. Its like wearing dozens of engagement ring stones for the world's most beautiful women all at the same time on your wrist. Part of the appeal of a timepiece like this is the accumulated meaning people ascertain from what it all means, and what else you could do with the sum of its parts.Jacob Co Billionaire diamonds watch 15Jacob Co Billionaire diamonds watch 24Jacob Co Billionaire diamonds watch 10At the end of the day, the Jacob & Co. Billionaire watch is still a luxury timepiece and Jacob & Co. has not forgotten that. The movement inside of the Jacob & Co. Billionaire is the exclusive to Jacob & Co. caliber JCAM09 manually-wound tourbillon-based and skeletonized mechanical movement. The movement operates at 3Hz and has a power reserve of 72 hours. The dial does in fact have hour markers (which are likely the smallest diamonds on the entire watch) and very easy to see blued-steel hands. The architecture of the movement is quite attractive, and lends itself well to the entire composition that is the Jacob & Co. Billionaire. Jacob Co Billionaire diamonds watch 7Jacob Co Billionaire diamonds watch 6Jacob Co Billionaire diamonds watch 18By the way, I love the fact that literally the entire watch crown is a diamond. In fact, so little of what you can see is the actual white gold case, that most of what you experience with the Jacob & Co. Billionaire watch outside of the dial is just diamonds.

I can understand how some people would be intimidated by a watch like the Jacob & Co. Billionaire. It does take a degree of bravery (not just financially) to consider even putting it on the wrist. Not everyone is comfortable with the type of attention and persona that it will convey. That is a major responsibility, and items such as this which exude decadence and luxury are the closest things to magical items that exist in the real world. There is a very real magical effect that the power of the Jacob & Co. Billionaire watch will have on all the people around you - whether or not that is light magic or dark magic.Jacob Co Billionaire diamonds watch 5Jacob Co Billionaire diamonds watch 25Imagine a day walking around wearing it. Would you be alone? Could you be alone? Would people stare? Would they comment? Will they follow you? Want you? This sounds silly, but these are real question and considerations around not only a watch that does have a retail price of over $18,000,000, but a watch that actually looks like it has a price of over $18,000,000. There is the larger world of stealth-wealth Patek Philippe and A. Lange & Sohne watches which can easily cost over a million dollars and don't really look like it to most mortals, and then there are watches like the Jacob & Co. Billionaire which evoke a very real and very pure sense of wealth living - the type that people love to hate, the type that people love to covet, and the type that the mainstream is infinitely fascinated with.

Outside of industrial purposes, diamonds are pretty useless stones on their own. It is their visual beauty and story about Earth-grown rarity that draws us to them. As I stated above, there is a bit of psychological magic in the human relationship with diamonds that most people are familiar with. So just multiply that by several hundred times to realized the true magical power of the Jacob & Co. Billionaire. I only hope that whoever owns it ends up being on the side of light versus dark. 

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The 15 most expensive streets in America

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No helicopters, no mega yachts. At first glance, Indian Creek is just a small private island in Biscayne Bay. But South Florida real estate agent Cory Waldman begs to differ.

“It’s a city within a city,” the Coldwell Banker associate said. “They have their own police force. The lot sizes are enormous. It’s top-notch.”

Across the country, luxury real estate agent Kofi Natei Nartey has a similar reaction — but not about Indian Creek.

“Beverly Park is the most exclusive gated community in Los Angeles,” The Agency‘s Sports & Entertainment Division director said. “With guard-gated access only, it attracts some of the highest net worth individuals and celebrities in the world.”

They’re not exaggerating. New data shows Indian Creek Island Road and Beverly Park Circle are the most expensive streets to live on in the US.

Indian Creek, known locally as Billionaire Bunker, is home to four of the richest people in America, the Miami Herald reports. Beverly Park Circle is home to Denzel Washington and Eddie Murphy, among other big names.

So what does it cost to live there? Based on Zillow’s analysis of streets with at least 10 homes, here’s a look at the median home value for the top 15:Screen Shot 2015 04 16 at 12.03.30 PM

Names vs. numbers

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Interestingly, all of the priciest streets are names, rather than numbers. In “Zillow Talk: The New Rules of Real Estate,” co-authors Spencer Rascoff and Stan Humphries explore what’s in a street name. By digging into the data, they’ve found a named-street premium exists across the country.

Among the 20 largest metro areas, “we only found three places in the entire nation where named streets don’t have the advantage,” they write. “In Atlanta and New York, named and numbered streets come out roughly equal. Denver is the solitary example of a place where numbered streets are more valuable — probably because homes in its premier neighborhood of Country Club are located on numbered streets.”

What gives named streets a higher price tag? Rascoff and Humphries say in general, the most valuable street names describe something about a home’s location. Indian Creek Island Road is a great example because “island” indicates the homes are near water, and therefore probably worth more than nonwaterfront homes in the area.

Suffixes matter

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It’s easy to gloss over the letters tacked on at the end of a street name. But as shown above, living on Beverly Park Terrace versus Beverly Park Circle could cost you hundreds of thousands of dollars.

In their analysis, Rascoff and Humphries discovered the most common suffixes — street, boulevard, and avenue — tend to be the least valuable. Way and place, meanwhile, make up only 4 percent of street name suffixes nationwide, and their homes’ are typically worth more.

These findings shed light on the myriad factors at play in local real-estate markets. Of course, at the end of the day, lot comes down to perception.

“There’s nothing else like [Indian Creek] in South Florida,” Waldman said. “It’s the most prestigious address.”

SEE ALSO: The 40 best new real estate developments

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The most famous dive watch in the world has a history that stretches back to 1953

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Original Rolex SubmarinerRolex produced the very first Submariner in 1953 with this model ref. 6204 watch. The Rolex Oyster Perpetual Submariner would go on to not only become one of the most iconic timepieces in the world, but also one of the most heavily emulated, desired, and studied.

The Rolex Submariner was the first diver's watch from Rolex and followed a legacy that started in 1926 when Rolex released its first water-resistant watch, the Oyster.

Rolex really began its life in making dive watches with Panerai. True enough, early Panerai watches contain Rolex movements, and for a while in the 1930s, the Swiss and Italian companies worked together on military dive watches based on Panerai asking Rolex to help it produce timepieces for the Italian Navy. Rolex learned from this experience but it was not until the 1950s that Rolex would release its own dive watch. The original Rolex Submariner began a long era of experimentation and improvement.

The original ref. 6204 was produced for a year or less, and even that same year a few other versions of the Rolex Submariner were being produced or planned. In fact, for most of its early life, the Rolex Submariner went through an intense series of not only evolutionary steps, but also design experimentation. This has led to an extremely rich area for collectors because so many versions existed early on in the model's history.

Today the Rolex Submariner is sized at 40mm wide, which is no larger than medium by most watch standards. The original 1953 Rolex Submariner was just 37mm wide. It was also water resistant to just 100 meters. Rolex quickly increased that to near 200 meters and today the Rolex Submariner is known by everyone to be water resistant to 300 meters. As a dive watch, the original Rolex Submariner has a rotating dive-style timing bezel as well as the iconic case shape that has more or less been represented by all the Rolex Submariner models that came after it.

Aside from the very different dial text compared to most other Rolex Submariner models, the most notable difference is the lack of "Mercedes Benz star" style hour hand. A key element of the Rolex Submariner is the distinct hour hand, designed as such to look different than the minute hand for easy under-water reading. Rolex didn't get to that until a bit later. The hour markers on the original Rolex Submariner persist today, but Rolex experimented with various versions soon after the ref. 6204 was released. Another interesting design feature is the gold-toned hands and hour markers, which persisted on various Rolex Submariner models through the 1950s.

Given that the Rolex Submariner is such an iconic and popular watch today, it is interesting to see how it all started. The full history of the Rolex Submariner, why Rolex produced it, how they marketed it, and the many versions that followed is the subject for several books. So we'll end this article with that, and if you happen to find one of these ultra-rare Rolex Submariner watches, consider yourself incredibly lucky.

SEE ALSO: There's one part of the watch market that Apple won't be able to disrupt

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The 5 most extraordinary homes for sale around the world

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AD editors select extraordinary homes for sale around the world. 

SAN CLEMENTE, CALIFORNIA

item0.rendition.slideshowHorizontal.may estates for sale 01Pedigree: Spanish Revival grandeur meets historic intrigue at La Casa Pacifica, an iconic 1927 oceanfront estate that has been published in Architectural Digest on three occasions.

Crafted by architect 
Carl Lindbom for oil tycoon Hamilton H. Cotton, the Orange County home was purchased in 1969 by President Richard Nixon, earning it the nickname 
the Western White House.item1.rendition.slideshowHorizontal.may estates for sale 02Property Values: The impeccable 5.5 acres are dotted with a pool, guest villa, and tennis court, among other amenities.item2.rendition.slideshowHorizontal.may estates for sale 03Talking Point: Clint Eastwood, Frank Sinatra, and countless other stars have been guests at the home.

Stats: Five bedrooms, six bathrooms, two half bath, 9,000 SQ. FT., $75 million 

Contact: HÔM Sotheby’s International Realty, 949-554-1214

SANTA FE, NEW MEXICO

item3.rendition.slideshowHorizontal.may estates for sale 04Pedigree: Finding inspiration in the Southwest’s traditional adobe dwellings, the AD100 firm Alexander Gorlin Architects devised this 2005 residence as a series of interconnected pavilions. 

Set against a backdrop of mountain peaks, the 
home takes full advantage of its dramatic site, 
with broad window walls and myriad outdoor entertaining spaces. Crisp lines and sleek finishes distinguish the minimalist interiors.item4.rendition.slideshowHorizontal.may estates for sale 05Property Values: Enhancing the 12.5-acre plot 
is a lap pool bordered by a fuchsia-hued wall 
in the spirit of Mexican architect Luis Barragán.

Talking Point: This is the first time the house has been on the market.

Stats: Three bedrooms, 3.5 bathrooms, 7,700 SQ. FT., $3.9 million 

Contact: Chris Webster, 505-780-9500

SALON-DE-PROVENCE, FRANCE

item5.rendition.slideshowHorizontal.may estates for sale 06Pedigree: Dating from the 15th century, this renovated hunting lodge is the picture of Provençal charm, its ocher exterior accented by sun-faded 
blue shutters. Inside, ceiling frescoes, walls finished with marmorino plaster, and rustic parquetry floors lend a refined but cozy atmosphere.

Property Values: In addition to a pool and pool pavilion, the lush 17-acre grounds include guest and staff houses.

Talking Point: The parterre garden, which has several exquisite water features, offers a captivating spot to unwind.

Stats: Three bedrooms, three bathrooms, 4,300 SQ FT., $4.5 million 

Contact: Propriétés de Provence Sotheby’s International Realty, +33-4-32-60-15-77

ROME

item6.rendition.slideshowHorizontal.may estates for sale 07Pedigree: Old-world elegance prevails at Villa Grazioli, an extraordinary hilltop manor constructed in 1580 as a home for Cardinal Antonio Carafa.

Expanded in the early 18th century by the architect Baldassarre Erba Odescalchi, the estate later fell into disrepair but in 1998 was restored and transformed into a boutique hotel. Behind the building’s gracefully symmetrical façade lies a series of vaulted rooms brimming with period details.item7.rendition.slideshowHorizontal.may estates for sale 08Property Values: The rambling, park-like grounds encompass nearly four acres and include two additional houses for a total of 62 bedrooms.item8.rendition.slideshowHorizontal.may estates for sale 09Talking Point: Art lovers will delight in the rare opportunity to live amid Baroque frescoes by 
such noted painters as Agostino Ciampelli and 
Annibale Carracci.

Stats: 13 bedrooms, 13 bathrooms, six half bath, 39,500 SQ. FT., $17.5 million 

Contact: Rome Sotheby’s International Realty, +39-06-7925-8888

DALLAS

item9.rendition.slideshowHorizontal.may estates for sale 10Pedigree: Designed by Oglesby Greene Architects, this 2009 residence was built to embrace its 
setting on a bluff overlooking the city’s White Rock Creek, with expansive windows affording views of the surrounding woodlands. Composed of a pair of gabled wings linked by a two-story glass corridor, the house features Douglas fir and rugged limestone throughout its striking interiors.

Property Values: The one-acre parcel boasts a number of inviting outdoor spaces, such as a rooftop terrace, an infinity pool, a koi pond, and a hot tub with an adjacent fire pit.

Talking Point: Bird-watchers will enjoy discovering egrets, cardinals, and other avian species among the area’s wildlife.

Stats: Five bedrooms, eight bathrooms, 11,000 SQ. FT., $9 million 

Contact: Douglas Newby, 214-522-1000

More from Architectural Digest:

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The new Rolex Yacht-Master is a stylish alternative to the brand's other watches

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Rolex Yacht-Master

The new sports watch from Rolex for 2015 was an interesting version of the Rolex Yacht-Master presented in an 18k Everose gold case with a Cerachrom black ceramic bezel matched to a new strap Rolex calls the Oysterflex. The 2015 Yacht-Master is actually two watches and each has slight, but important differences. First is the 40mm-wide Yacht-master 116655, but you should also be aware of the interesting 37mm-wide Yacht-Master 268655 version. aBlogtoWatch debuted the Rolex Yacht-Master 116655 for 2015 in Everose gold and ceramic here.

While the watch is gold (which means it is expensive), it is nevertheless a great looking sports watch. While it is true that many people consider a true Rolex sports watch to have a steel case, there is an emerging market for precious metal sport watches as a lifestyle item. At least with Rolex, you know it also has a lot of durability and thought behind it. I am curious to know what people's thoughts are on what is a great-looking sports piece with the 2015 Rolex Yacht-Master, even though it is more than double the price of, say, a steel Rolex Submariner.

The Yacht-Master has always existed in an interesting place within Rolex's sport watch family. When it first debuted, it was meant to be a more high-end lifestyle type of sport watch compared to the more utilitarian Submariner or GMT-Master. The Yacht-Master was never meant to be a professional diving watch or something for pilots. If anything, it was meant to be a watch for people who sail on or own yachts. That means there is a degree of activity to their life and some water resistance is necessary, but so is style and status. So what does all that mean for the rather radically new Rolex Yacht-Master that nevertheless very much lives within the larger current generation Rolex Yacht-Master family

In our debut post of the Rolex Yacht-Master 116655, I more or less laid out the technical details of what Rolex has presented for us in 2015, and now, after some hands-on time with the new Rolex Yacht-Master, I am going to fill in some details and other insights after Rolex explained what this new watch is all about.

In person, the Rolex Yacht-Master 116655 is just as handsome if not more handsome than it is in Rolex's (typically immaculate) press images. I've always been a fan of mixing gold and the color black - something which you can find in other Rolex models from time to time if you look for it. What immediately comes to mind is the Rolesor (two-tone) Rolex Submariner with a gold and steel case and a black dial. The Rolex Yacht-Master in 18k Everose gold (Rolex's own unique alloy of rose gold that does not fade over time) mixed with black ceramic does some interesting things visually and is an extremely different (albeit obviously in the same family) watch as the Rolex Submariner. While the Submariner has a glossy Cerachrom black ceramic bezel with engraved markers, the 116655 Rolex Yacht-Master's Cerachrom ceramic bezel is in matte black with the markers in deep relief (like other Rolex Yacht-Master bezels which are in precious metal).

Rolex Yacht-MasterThe matte black color and texture of the Rolex Yacht-Master bezel is echoed on the dial - which again is very rarely matte on a modern Rolex sports watch. This makes for a cool look that is both a bit more legible and aggressive looking than the slightly glossy Rolex Oyster sport watches we are used to. Of course, with the 116655 Rolex Yacht-Master the hands and hour markers are in 18k Everose gold and polished - which gives the watch that real "Rolex character." It also happens to look nothing like all currently available Rolex Oyster sport watches - not to mention other Rolex Yacht-Master timepieces. For this reason alone, I think watch lovers will take keen interest in the Rolex Yacht-Master 116655.

While 2015 saw Rolex release the exciting new 3255 automatic movement in the Day-Date 40 watch collection, the 40mm Rolex Yacht-Master 116655 contains the existing Rolex caliber 3135 automatic movement that is of course COSC Chronometer certified. The 3135 is the same movement you'll find in some other Rolex watches - namely the Rolex Submariner Date watch. With that said, it is interesting to report that the 37mm-wide Rolex Yacht-Master 268655 has a completely different and actually newer Rolex movement. Inside the 37mm-wide Rolex Yacht-Master is the Rolex caliber 2236 which we debuted here during Baselworld 2014. Rolex announced the 2236 movement as the first Rolex caliber to contain Syloxi (Rolex's name for their silicon balance spring), and it is contained in a woman's watch.

Men wanting to experience a Rolex watch with silicon parts now have an option - well sort of. The 37mm Rolex Yacht-Master 268655 will certainly find itself on some men's wrists, although it is certainly a smaller watch and will more than likely be seen as a ladies piece. Will some people prefer the 268655 model over the 116655 given their preference of the newer 2236 movement? I wonder...

I will admit that it has been a while since I've taken a close look at Rolex Yacht-Master watches, as my interest in other Rolex timepieces has eclipsed this collection. I don't recall them having this shape of case though, which looks a lot more sporty and modern compared to older Rolex Yacht-Master cases that felt like a picture between a Submariner and a Datejust case in terms of style (which essentially they were). As an Oyster case, the Rolex Yacht-Master is still water resistant to 100 meters. So yeah, I am pretty sure that, in addition to everything else, there have been some refinements to the case of the Yacht-Master compared to the outgoing models.Rolex Yacht-MasterThat last statement has an important implication - which is that the new Oysterflex strap (which Rolex calls a bracelet) only fits on these new 2015 Rolex Yacht-Master watch cases. Rolex is pretty notorious for making it difficult to "part swap" pieces from one Rolex watch to another, and unfortunately, you will not be able to purchase the Oysterflex strap independently.

Oysterflex is pretty cool, actually, and I do hope that Rolex rolls out this new strap option to other watches. We will likely see that in the future, but Rolex isn't saying more about it. Oysterflex is not made from natural rubber, even though it feels almost exactly like it. The structure of the bracelet begins with a metal "blade" (a titanium nickel alloy) that creates a base shape and allows it to fit securely. One of the most interesting elements on the strap are the "fins" underneath that are designed to create a cushion between the strap and your wrist. This allows for your wrist to expand and contract a bit while the strap remains comfortable and snug, and also helps vent the inner part of the strap a bit on hot days. It is a great feeling strap made out of an "elastomer" material which is connected to an 18k rose gold deployant clasp.

There are two downsides to the Oysterflex that some collectors might find. First is that the strap does not fit flush with the Yacht-master case. I agree that straps and bracelets look really nice when they fit flush with the watch case. I have no doubt there is a reason for how Rolex designed the end of the strap - there is pretty much a [good] reason for everything that Rolex does. My guess is that given the material of the strap, it simply would not look nice right up against the case as the strap moved around. The second issue is limited adjustability. The Oysterflex strap will come in six different sizes and you'll need to choose the right fit for you when you buy it. There is some micro-adjustability in the deployant clasp but you'll need to choose only one strap option. Even cutting the straps to size is not really and option because of the metal part in the strap. You'll get a nice clean look with this decisions, but you can't share watches with friends and if you ever do, you'll need to purchase another Oysterflex strap directly from Rolex.

As I talked about when we first announced these 2015 ref. 116655 and 268655 Rolex Yacht-Master Everose and ceramic watches, it seems as though Rolex is both listening to its core enthusiast demographic and also respecting the heritage that makes Rolex... well, Rolex. That is a tough job and really what Rolex tries to do with care and attention each year. I think a lot of people are going to like this new black and gold Rolex Yacht-Master with its chic sporty look and novel strap. Let's hope that some of its features and style continue to trickle down to more Rolex timepieces in the future. 

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Here's why China's billionaires are clamoring for used private jets

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Chinese private jet

A few months ago, Gui Yue, China sales director of jet acquisition specialist Aviatrade Asia, received a call from a Beijing client who hoped to buy a pre-owned business aircraft.

“We rarely received such requests before 2013. In the past, Chinese buyers only wanted new ones,” said Gui. “But there are more billionaires saying they are interested in second-hand aircraft in recent years.”

The Beijing client, who runs a real estate company in the capital city, finally selected a three-year-old Dassault Falcon 7X owned by an Eastern European seller among the four options offered by Gui’s team.

Having engaged in jet deals for years, Gui has detected subtle changes in the attitudes of Chinese buyers.

“In the past, people just wanted to show they were rich enough to afford a private jet like other billionaires,” he said. “But now buyers are becoming more mature and practical and are realising the advantages of a pre-owned airplane.”

A second-hand private jet market has emerged in China in the past two years.

According to Asian Sky Group, a Hong Kong-based business aviation service firm, the number of business jets rose by 59 last year to 439 in the Greater China region, which includes the mainland, Hong Kong, Macau and Taiwan. Pre-owned aircraft represented 27 per cent in the additions to the Greater China fleet during last year.

“For most buyers, pre-owned aircraft are attractive because of their availability and pricing,” said Jeff Lowe, Asian Sky Group’s managing director.

In today’s aviation industry, it can take up to two years to deliver a tailor-made business jet once an order is received. Buyers who order, for example, a popular aircraft such as a Gulfstream G650, would be lucky to take delivery of the before the end of 2017.

Not only is this time-consuming, but also leads to higher costs of capital since the buyers need to prepay tens of millions of dollars to the manufacturer.

But, in most cases, pre-owned jets can be delivered in one or two months, Lowe said.

private jetGetting a bargain is also an important reason for Chinese buyers to consider a pre-owned jet.

“As a very general rule, a business jet depreciates about 5 per cent a year. Of course, that depends on how much it’s been used and what the market is like,” said Lowe.

Indeed, the market sentiment in the mainland has been sluggish in the past two years due to economic uncertainty and the government’s anti-corruption crackdown, which has affected both new and second-hand aircraft deals. The private business jet fleet in the country grew by 41 aircraft in 2014, compared with 55 in 2013 and 60 in 2012.

While there were fewer mainland buyers last year, the number of domestic sellers is rising.

“Some Chinese buyers, who bought their jets four or five years ago, are starting to sell their aircraft while they look for replacements or move them out of China,” said Lowe.

The veteran aviation industry consultant said many Chinese billionaires bought business jets “out of impulse” years ago and are now looking for replacements more suited to their needs.

sol kerzner private jet coupleAcquiring a new or used business jet is not as straight forward as say buying a car.

A seller of a pre-owned aircraft first needs to provide information and pictures to prospective buyers.

If the buyer shows further interest, the two parties sign a letter of intent in which they agree on a price.

The buyer then pays a deposit to a third party for an exclusive right of purchase.

However, Gui said, it is not uncommon for mainland clients to sign letters of intent even when they no intention of buying the aircraft.

“They do so just to know much the seller is asking for his plane. But this undermines the buyer’s credibility and affects other deals he may undertake in future.”

Many Chinese jet owners also do not know how to maximise their plane’s value and cannot provide full information including the date of manufacture, flight data, maintenance records or even pictures.

“An entrepreneur once asked us to help sell his jet. When we asked him for a jet picture, he just messaged us a blurred photo taken on his smartphone,” Gui said.

In mature markets like the United States, nine out of 10 private jet deals are second-hand deals, Gui said.

“Although demand for private aircrafts in China has been suppressed by the anti-corruption campaign for now, this market is far from saturated and the potential demand is huge. We expect to see a recovery as early as next year ,” he said.

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