'Majestic' Tiaras of Josephine Bonaparte Sold in UK

The elaborate jewel-encrusted tiaras are thought to have belonged to the French empress Josephine Bonaparte. Daniel LEAL AFP
The elaborate jewel-encrusted tiaras are thought to have belonged to the French empress Josephine Bonaparte. Daniel LEAL AFP
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'Majestic' Tiaras of Josephine Bonaparte Sold in UK

The elaborate jewel-encrusted tiaras are thought to have belonged to the French empress Josephine Bonaparte. Daniel LEAL AFP
The elaborate jewel-encrusted tiaras are thought to have belonged to the French empress Josephine Bonaparte. Daniel LEAL AFP

A pair of "highly rare" centuries-old headpieces encrusted with jewels and believed to have belonged to the French empress Josephine Bonaparte sold at auction in London Tuesday for nearly £600,000 ($795,000, 710,000 euros).

The two tiaras -- offered from a private British collection dating back at least 150 years -- are thought to have been given to Napoleon Bonaparte's wife by his sister Caroline early in the 19th century, according to Sotheby's.

Both headpieces, each part of a parure -- a set of matching jewelry designed to be worn together -- are set with gemstones engraved with classical heads, several of which are possibly ancient, the auction house said.

The more ornate of the duo -- comprising carnelian, enamel and gold -- fetched £450,600, while the other sold for £126,000, as part of a "Treasures" sale of various valuable and rare items.

"These majestic jewels mounted with cameos and intaglios certainly evoke the style of the grand Empress Josephine -- her rank as wife of Napoleon Bonaparte, her impeccable taste and her interest in the classical world," said Kristian Spofforth, of Sotheby's.

"The jewels offered here demonstrate the finest delicate work by the finest French workshops, and, today, there are hardly any comparable pieces in the world.

"When fashions changed, jewelry was broken up and re-modelled, making their survival a truly exceptional one."

Josephine Bonaparte was likely given just the engraved gems, which Sotheby's said were a possible combination of Roman examples dating back to as early as 100 BC as well as more contemporary Italian engravings.

The auctioneers believe the jewels were then mounted for her in the French capital in around 1808 in the neo-classical style, citing marks on the crowns pointing to Paris and its famed goldsmiths of the age.

They were believed to endow the wearer with their various depicted qualities such as heroism, faithfulness and love, all while blazing a trail in the fashion world of the day.

"By being the first to incorporate these cameos and intaglios into her dress, wearing them side by side with pearls and diamonds, she created an entire new fashion that swept Paris and the world, based on neo-classical forms," explained Spofforth.

No details were immediately released Tuesday on the identity of the buyers.

Sotheby's said the tiaras were possibly acquired from Josephine or her estate by British landowner, art collector and politician Edward Lascelles, and then passed on to his descendants.



Italian Shoemaker Geox to Invest $125 Million in 5-year Plan

FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
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Italian Shoemaker Geox to Invest $125 Million in 5-year Plan

FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo
FILE PHOTO: Geox shoes are seen in a shop in Rome, Italy, April 10, 2016. REUTERS/Max Rossi/File Photo

Italian shoemaker Geox plans to invest about 120 million euros ($125 million) as part of an industrial plan to 2029 and has signed a five-year deal with a leading Chinese operator to expand its presence in the country.

The maker of breathable, waterproof footwear said in November it would end direct operations in the unprofitable Chinese and US markets after posting a 9.7% yearly drop in nine-month revenue globally, Reuters reported. It said it would continue its business in the two countries through local partnerships.

In addition to the investments, announced in a statement late on Monday, the group said it would extend by 24 months the medium- to long-term debt repayment plans as part of a debt refinancing agreement with creditor banks including Monte dei Paschi and the Italian units of BNP Paribas and Credit Agricole.
Geox controlling shareholder LIR, the family holding of its chairman and founder Mario Moretti Polegato, will contribute up to 60 million euros to the industrial plan, the statement said.
The shoemaker expects yearly revenues above 850 million euros by 2029, compared with 720 million in 2023, with compound annual growth rate (CAGR) of 5% in the next five years, and an EBIT (earnings before interest and taxes) margin over 7% by 2029.