Guess what! Retail stocks are up! By an amazing 5 percent! The cause? Economic optimism inspired by the new regulatory plans for the financial industry, outlined by Treasury-secretary-cum-fashion-trailblazer Tim Geithner. So clearly, with the market regrowing its bull horns, fashion designers should prepare by making loads of the kind of ridiculously expensive things we all enjoyed so much three years ago. Like diamond-encrusted dresses! Hell, why not just construct an entire dress from diamonds, like designer Faisol Abdullah is doing. His dress includes over 750 diamonds, among them a 70-carat pear-shaped stone at the center of the bodice. The gown’s bodice and train are encrusted with diamonds. “Stocks drop, gold is even falling but a diamond is forever,” Abdullah said. “This is a dress with diamonds. Why go backwards, why can’t we go forward? We are going to the fantastic, but it’s real. You are getting value for money with these diamonds.” Oh, excuse us — this is a recession-friendly diamond-encrusted dress.
Abdullah will unveil his creation at the STYLO Fashion Festival next week in Malaysia. STYLO chief executive Nancy Yeoh commissioned the dress. She calls it “art,” and insists that “there are still enough rich people” who will want to buy it. They plan to shop the dress around to royal courts, stopping in the Middle East. We sure hope they were able to squeeze in an appointment for Beyoncé. She needs this garment more than anybody.
Jewel Function [British Vogue]