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AstaGuru’s annual heirloom jewellery, silver and timepieces auction rakes in Rs. 18.26 cr
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Synopsis
The recent luxury investment index found that jewellery was the most prized object of desire for Indian UHNWIs.
Agencies
Lot 59 - A set of three silver jewellery boxes, originally presented to Sir Malcolm Hailey Governor Of The Punjab Province in 1924.
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COVID-19 has had a huge impact on the global marketplace for luxury investments in 2020. The recent Knight Frank Luxury Investment Index, released in February, found that compared to other passion investments, luxury handbags were the best-performing asset class, outperforming art, classic cars and even fine wine. But for Indian UHNWIs (ultra-high-net-worth individuals), it was jewellery that was the most prized object of desire.
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