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...pearls were considered far more valuable than diamonds, since only 1 in 10,000 oysters may contain a round natural pearl. In Roman times, pearls were so sought after and expensive that Julius Caesar barred women below a certain rank from wearing them. It wasn't until Kokichi Mikimoto, founder of Mikimoto pearls, successfully cultured pearls in the early 1900s that they could be easily matched and made into necklaces (before that, it could take up to 10 years to find enough matching pearls to make a strand). It was Coco Chanel who exploited the discovery of cultured pearls...

Author: /time Magazine | Title: Pearl Wisdom | 12/6/2006 | See Source »

Foreign investors are looking for "sexy deals," according to Muzaffer Yildirim, co-founder of a deluxe movie chain, Mars Entertainment Group, in which U.S. private international investment firm Colony Capital recently acquired a sizable stake. "It's very recent that direct investment came into Turkey," explains Markus Lehto, the managing director of Kanyon, who is well qualified to comment, given that he was formerly an investment banker in New York. "It was less than $1 billion two years ago and will be $15 billion this year and probably up to $25 billion next year...

Author: /time Magazine | Title: Bosporus Boom | 12/6/2006 | See Source »

...enormous titanium roof is sculpted in the shape of a flamenco skirt and tinged to match the pink and gold shades of vintage wine bottles. The 15,000-sq.-ft. spa has 14 treatment rooms and features, among other vineyard-inspired treatments, a Wine Barrel Bath. Caudalie co-founder Mathilde Thomas describes the entire visitor experience as "very elaborate, modern and beautiful." For his part, Gehry was particularly taken by the Beauty Elixir spray, a popular Caudalie classic...

Author: /time Magazine | Title: Destination: Soaking Up Spa Style in Spain | 12/6/2006 | See Source »

...white dress-code overtones, than of the marvelous French notion of un goût sûr: almost anything can work so long as it's not overdone, the proportions are considered, and it's pulled together with style?along with good shoes ("Properly shod, children can go anywhere," Bonpoint founder Marie-France Cohen likes...

Author: /time Magazine | Title: Carriage Couture | 12/6/2006 | See Source »

...aesthetic suited Charlotte Gainsbourg's parents, icons Serge Gainsbourg and Jane Birkin, in the late '70s when Bonpoint was still a mom-and-pop operation off the Boulevard St. Germain, with founder Cohen in the studio and her husband Bernard keeping the books. Over the years, the business grew, and the couple opened stores in various capitals. In 2003, 33 years after opening their first boutique, the Cohens sold 70% of the company to Edmond de Rothschild Capital Partners, an investment group specializing in growing small and medium-size companies for resale. At a recent press conference, Bonpoint executives noted...

Author: /time Magazine | Title: Carriage Couture | 12/6/2006 | See Source »

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