Jessica Jung to Design Luxury Watches for The Coridel Group

by Linda

Jessica Jung to Design Luxury Watches for The Coridel Group

Jessica Jung to Design Luxury Watches for The Coridel Group

Jessica Jung is one of the hottest names on the Korean fashion scene and now the Blanc & Eclare designer is moving into the area of luxury watches with an ultra-limited edition timepiece selling for $18,000.

Jung has entered into collaboration with The Coridel Group to create a series of watches and jewelry to be marketed through the global fashion brand Marvella. The first product of the partnership will be a limited edition watch that will be made in only 100 pieces.

โ€œI am excited to take another step forward in fashion with this collaboration,โ€ Jung said. โ€œI look forward to this opportunity in the luxury watches and jewellery space, designing elegant pieces with Marvella.โ€

Pre-orders are already being taken on the $18,000 watch.

Richemont Chairman Warns Against Income Inequality

Jung will probably have no trouble finding buyers for those 100 limited edition watches this year, but that may not be true in the future. The CEO of one luxury conglomerate has warned of the dangers that the industry could face from global inequality.

In a speech to the Financial Times Business of Luxury Summit in Monaco, Johann Rupert, the chairman of Compagnie Financiere Richemont, expressed alarm over the changes brought about by technology. The billionaire pointed out how factors like artificial intelligence, robots and the new machine age are causing structural unemployment on a global scale. This could lead to a small class of โ€œwinnersโ€ who inspire โ€œenvy, hatred and social warfareโ€ on the part of the masses.

โ€œWe canโ€™t have the point 1 percent of the point 1 percent taking all the spoils,โ€ Rupert said. โ€œNow folks those are our clients. But itโ€™s unfair and itโ€™s not sustainable.โ€

โ€œI don’t know what new social pact weโ€™ll have,โ€ he added. โ€œBut weโ€™d better find one. Otherwise our clients will be targets. Theyโ€™ll be hated, despised.โ€

Maybe they should avoid conspicuous instances of consumption like buying Apple Watches for their dogs.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.