'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.



Pieter Mulier Named Creative Director of Versace

(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
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Pieter Mulier Named Creative Director of Versace

(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)

Belgian fashion designer Pieter Mulier has been named the new creative director of the Milan fashion house Versace starting July 1, according to an announcement on Thursday from the Prada Group, which owns Versace.

Mulier is currently creative director of the French fashion house Alaïa, and was previously the right-hand man of fellow Belgian designer and Prada co-creative director Raf Simons at Calvin Klein, Jil Sander and Dior.

In his new role, Mulier will report to Versace executive chairman Lorenzo Bertelli, the designated successor to manage the family-run Prada Group. Bertelli is the son of Miuccia Prada and Prada Group chairman Patrizio Bertelli.

“We believe that he can truly unlock Versace’s full potential and that he will be able to engage in a fruitful dialogue,’’ The Associated Press quoted Lorenzo Bertelli as saying of Mulier in a statement.

Mulier takes over from Dario Vitale, who departed in December after previewing just one collection during his short-lived Versace stint.

Mulier was honored last fall by supermodel and longtime Alaïa muse Naomi Campbell at the Council of Fashion Designers of America for his work paying tribute to brand founder Azzedine Alaïa. Mulier took the creative helm in 2021, after Alaïa’s death.


Ralph Lauren’s Margin Caution Eclipses Stronger‑than‑expected Quarterly Results

Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
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Ralph Lauren’s Margin Caution Eclipses Stronger‑than‑expected Quarterly Results

Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo

Ralph Lauren posted third-quarter results above Wall Street estimates on Thursday, but the luxury retailer's warning of margin pressure tied to US tariffs sent its shares down nearly 6.4% in premarket trading.

The company expects fourth-quarter margins, its smallest revenue period, to shrink about 80 to 120 basis points due to higher tariff pressure and marketing spend.

Ralph Lauren, which sources its products from regions such as China, India and Vietnam, has relied on raising prices and reallocating production to regions with lower duty exposure to offset US tariff pressures, Reuters reported.

"Ralph Lauren has been able to raise prices for some time now. There is some limit on how long it can continue to do this. I think (the company's) gross margins are near peak levels," Morningstar analyst David Swartz said.

The company, which sells $148 striped linen shirts and $498 leather handbags, has tightened inventory, lifted full-price sales and refreshed core styles, boosting its appeal among wealthier and younger customers, including Gen Z.

Higher-income households are still splurging on luxury items, travel and restaurant meals, while lower- and middle-income consumers are strained by higher costs for rents and food as well as a softer job market.

The New York City-based company saw quarterly operating costs jump 12% year-on-year as it ramped up brand building efforts through sports-focused brand campaigns such as Wimbledon and the US Open tennis championship.

The luxury retailer said revenue in the quarter ended December 27 rose 12% to $2.41 billion, above analysts' estimates of a 7.9% rise to $2.31 billion, according to data compiled by LSEG.

It earned $6.22 per share, excluding items, compared to expectations of $5.81, aided by a 220 basis points increase in margins and an 18% rise in average unit retail across its direct-to-consumer channel.

Ralph Lauren now expects fiscal 2026 revenue to rise in the high single to low double digits on a constant currency basis, up from its prior forecast of a 5% to 7% growth.


Saudi Fashion Commission, Kering Launch 'Kering Generation Award X MENA'

This year's award builds on the strong success of the 2025 award, which attracted more than 500 applications, shortlisted 21 finalists, and recognized three winners. SPA
This year's award builds on the strong success of the 2025 award, which attracted more than 500 applications, shortlisted 21 finalists, and recognized three winners. SPA
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Saudi Fashion Commission, Kering Launch 'Kering Generation Award X MENA'

This year's award builds on the strong success of the 2025 award, which attracted more than 500 applications, shortlisted 21 finalists, and recognized three winners. SPA
This year's award builds on the strong success of the 2025 award, which attracted more than 500 applications, shortlisted 21 finalists, and recognized three winners. SPA

Saudi Arabia’s Fashion Commission and global luxury group Kering have launched the "Kering Generation Award X MENA" across the Middle East and North Africa (MENA) for 2026.

The announcement was made on Tuesday during the opening of the RLC Global Forum, hosted at the French Embassy in Riyadh.

This year's award builds on the strong success of the 2025 award, which attracted more than 500 applications, shortlisted 21 finalists, and recognized three winners.

Participants benefited from mentorship programs, workshops, and opportunities to strengthen their global presence. Building on this momentum, the 2026 program seeks to expand its impact across the MENA region.

The 2026 award focuses on four key areas of sustainable fashion: innovation in regenerative materials and clean production, circular design and sustainable business models, nature conservation and animal welfare, and consumer awareness and cultural engagement.

The program targets startups across the MENA region that operate in, or positively influence, the sustainable fashion sector, provided they demonstrate innovation capabilities and the ability to deliver measurable sustainability outcomes.