Investor portfolios get chic

"THERE'S BEEN A remarkable shift in how people view legacy, craftsmanship and provenance," said Bhavna Kakar, founder of art gallery Latitude 28.

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"Vintage jewellery, especially signed pieces from heritage maisons, has grown steadily—depending on rarity and condition. What makes these assets interesting is that they serve as hedges against inflation; they're globally portable other than antiques, and unrelated to market volatility. Their intrinsic value only increases as materials and skills become rarer," added Kakar. "People do consider these items as an asset class now, because if people own these items today, chances are in years to come they will sell them for more than what they pay for (at) auction," said Martin Nolan, executive director & co-founder of Julien's Auctions, a privately held auction house based in Beverly Hills, California, which will next month hold an auction of Princess Diana's clothes and accessories.