Transcorp Hotels Plc posts impressive performance as gross profit increases by 143% and revenue grows by 114% to end a record-breaking year at N21.74bn
Shareholders to receive about N717m dividend
Dupe Olusola, MD/CEO Transcorp Hotels Plc.
Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021.Theresults published on the Nigerian Group Exchange showeda 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020,while Gross Profit rose by 143 %to N16.23bn from N6.67bn.
The Company’s results show an impressive growth in its performance signalling its strong recovery from the impact of the COVID- 19 pandemic in 2020. The performance also reflects the Company’s resilience and nimbleness, as it consistently leverages innovation to achieve an outstanding performance, breaking occupancy, and revenue records in 2021.
“We are very pleased with the incredibly strong operating performance of our businesses, as most segments improved in 2021. Our leisure demand remained strong throughout the year as different leisure packages introduced continue to drive occupancy,” said Mrs Dupe Olusola, Managing Director/Chief Executive Officer of Transcorp Hotels Plc.
“We believe that Transcorp Hotels Plc is well-positioned to continue to capitalise on the recovery in the hospitality industry as we work towards achieving our vision of becoming Africa’s leading hospitality brand. We are on launching several projects that have been in the pipeline to further our play of being a full-service hospitality brand and diversify our portfolio,” Mrs. Olusola added. “We are excited about the opportunities to deliver continued growth in 2022, as we remain focused on strengthening our business and investing for the future.”
Mr. Emmanuel Nnorom Chairman Transcorp Hotels Plc. in his comments said he expects the hospitality industry to continue to recover in 2022.
“As the domestic leisure, business and the Bleisure segment — corporate travellers which also add leisure activities into their stay – continue to expand, even as international guests return, we expect the hospitality industry to continue its recovery,” Mr Nnorom said, adding that Transcorp Hotels Plc is in an advantageous position to drive the recovery of the industry in Nigeria.
“Having steered the business out of the effects of the pandemic, and back to profitability, our management team has shown the resilience and potential of our business, as well as a sign of the bright future that lies ahead. Backed by a Board committed to corporate governance and organisational excellence, our esteemed shareholders can be reassured that we will continue to deliver value and strong returns, “Mr Nnorom added.
The Nigerian Exchange Group (NGX) listed hospitality giant has continued to set the pace in the industry, reinforcing its position as a leading hospitality brand. In the second half of 2021, the Company launched Aura by Transcorp Hotels, an online booking platform that allows people to book accommodation (hotels and apartments), order food and book diverse kinds of experiences, including tours. Transcorp Hotels has continued to strengthen its business and invest for the future. The Company is developing a world-class event center at the Transcorp Hilton premises in Abuja. It is also working on a Lifestyle Center/Hotel in Lagos, one expected to rival the best of its kind globally.
The hospitality brand maintains that its activities are in furtherance of its mission to redefine hospitality standards in Africa through innovation and exceptional service, creating value for its customers and other stakeholders.
Transcorp Hotels Plc has proposed a final dividend of 7 Kobo per share, subject to appropriate withholding tax and shareholders’ approval.
Aura by Transcorp Hotels, the online platform for booking accommodation, food and experiences has said a couple stand a chance of winning a free night staycation to celebrate Valentine’s Day when any of them spend up to N100,000 on the platform. The Company, a subsidiary of NGX-listed Transcorp Hotels Plc., stated this at an event on Thursday where it hosted some of its stakeholders.
The promo requires users to book accommodation, order food, or book experiences worth at least N100,000 during the promo period, to qualify for a draw where two winners would emerge. Throughout the promo period which ends on January 30, 2022, users of Aura can also enjoy discounts of up to 25% on selected accommodation, food and experiences.
“Aura is committed to providing people with unique homes and hotels when they are away from home. The platform is also set up to help users order great food at restaurants close to them and find things to do to make every moment memorable. This promo is our way of encouraging more people to experience Aura as we continue to spread happiness by creating memorable experiences through all our touch points,” said Ifeoma Okafor-Obi, Business Development Director (Aura) at the event which held at Metro Apartments in Lagos, one of the apartments listed on Aura by Transcorp Hotels.
Aura provides a great selection of exquisite properties at the best prices, carrying out verification on all listings on the platform to ensure that guests are choosing from the right pool of options, and in keeping with the known high standards of the parent company Transcorp Hotels Plc. The hospitality company, which also owns Transcorp Hilton Abuja and Transcorp Hotels Calabar, has continued to expand its excellent hospitality services, with a world-class event center that can seat close to 4,000 guests expected to be completed in 2022. The company’s property in Calabar is also being upgraded to sustain the quality of services the hospitality brand is known for.
Aura by Transcorp Hotels supports official travel, relocation, or staycation, ensuring that employees of corporate bodies are well rested and focused on delivering business results. Companies that have Sales Representatives who are always on the move have found Aura by Transcorp Hotels to be a key partner, with guaranteed access to verified apartments that ensures the comfort and safety of their staff.
“There are carefully selected restaurants as well as personalized chef experiences on demand for corporate meetings and events. We also have an array of refreshing day experiences as well as packages for corporate retreats and strategy sessions,” Okafor-Obi added.
In addition to the impressive features offered by Aura, guests can rest assured that they are fully covered if they ever get involved in an accident whilst in an Aura apartment. This insurance feature is provided in partnership with digital insurance companies, Heirs Insurance and Heirs Life, and it guarantees the protection of the lives and properties of guests, ensuring that they have a truly memorable Aura experience without fears or worries.
Commenting on the significance of Aura by Transcorp Hotels, Mrs. Dupe Olusola MD/CEO, Transcorp Hotels Plc. explained that the recently launched business is the piece that completes the puzzle for the company, as it seeks to offer wholesome luxurious experiences to guests beyond its well-known properties in Abuja or Calabar.
“Our brands are individually distinctive and collectively powerful. We have consistently delivered world-class guest experience and excellent services across all our touch points, and impressive value to stakeholders. This is what users of Aura by Transcorp Hotels will also continue to enjoy. I encourage people to exploit the ongoing promo by Aura by Transcorp Hotels to have a great experience at a discount, and also stand to win a free staycation on Aura,” Mrs Olusola said.
“2022 will be a very exciting year for us at Transcorp Hotels Plc., as some of the projects we have been working on will come to life this year. One such is our Lifestyle Center which will be located in Ikoyi and will combine the traditional functions of a shopping mall with some of the best leisure amenities you can find anywhere,” Mrs. Olusola added.
To get access to unique accommodation, food and localised experiences listed on Aura, users have to register at aura.transcorphotels.com. They can also download Aura by Transcorp Hotels on Google Play and Apple App Store.
Excitement as Emirates Super Jumbo Lifts Real Madrid For Spanish Super Cup
Real Madrid is all set for their epic match against Barcelona. The Emirates A380 emblazoned with the blue Expo 2020 “mobility” livery lifted one of the most popular clubs in global football all the way from Madrid, Spain, to defend their title at the Spanish Super Cup semi-finals on July 12.
Onboard this special charter flight, guests and players from the Spanish club experienced the airline’s signature inflight services to rest and unwind in complete comfort ahead of their much-anticipated match.
This included exquisite onboard gourmet meals and full flatbeds with premium bedding in First and Business Class, over 4,500 channels of the latest movies, TV shows and music on Emirates’ ice inflight entertainment system, and Emirates’ famous shower spa at 40,000 ft. above ground.
Emirates’ friendly and professional crew ensured the well-being of all onboard, with enhanced health and safety measures and the observance of protocols such as the wearing of masks.
Emirates is the world’s largest operator of the iconic double-decker A380 aircraft which attracts excitement from aviation enthusiasts and plane spotters wherever it flies. Customers also love the Emirates A380 experience for its spacious cabins and award-winning inflight products in all classes.
Since 2011, Emirates has been Real Madrid’s official main sponsor, bringing together two of the world’s most globally recognised brands in aviation and football.
With a global fan base of 500 million, the Spanish Club has established itself as a major force in sports, and has consistently played in the top division since its inception.
As the world’s largest international airline, Emirates continues to connect Real Madrid with fans and spectators from every corner of the globe, through various events that create moments of inspiration and joy.
49-year-old Ma Huateng is currently the richest man in the most populous country in the world. Ma Huateng who is also called “Pony Ma” by fans, is the Chairman and Founder of Tencent Holdings, China’s biggest Internet enterprise.
Ma Huateng is currently worth $64.6bn surpassing Zhong Shanshan who is currently at $62.5bn according to the Bloomberg Billionaire’s index
Ma Huateng is also the youngest amongst the first 15 multi-billionaires in the world.
At 49 years old, he is the Chairman of Tencent, a company listed amongst the biggest companies in the world by the sheer size of its market capitalization.
Ma Huateng founded Tencent 5 years after graduating from the University of Shenzhen where he studied Computer science. He teamed up with 4 of his colleagues in school to found the business. Tencent is the internet company behind the social media giant WeChat with over 1 billion users.
Tencent’s first product (QQ) was an instant messaging app that connected early adopters of desktop computers and mobile phones. It quickly became China’s largest instant-messaging platform according to the Wall Street Journal.
The company enjoyed early success with QQ. In the coming years, it raised over $32 million in investment and went public in 2004.
In 2011, it launched its most successful product to date – the giant social media platform, wechat.com with over a billion users. In the massive Chinese online market where Facebook and WhatsApp are banned, WeChat enjoys a large share of the market. It also offers its users additional features like shopping, gaming etc.
Tencent primarily makes money from advertisement and premium subscribers.
Ma Huateng of Tencent is obviously a fan of diversified investment. The company has spread its tentacles to various areas and markets, mostly in the United States.
According To CNBC, Tencent has invested in the following companies:
1. It has a 5% stake in Tesla
2. A 10% stock swap with Spotify
3. A 10% stake in Snap
Ma Huateng is referred to as Pony Ma by his large and youthful fan base. He is not related to Alibaba founder Jack Ma; both billionaires, however, share mutual respect.
Ma Huateng is currently worth $63.4bn and is the biggest success story from the streets of Shenzhen which is often referred to as China’s Silicon Valley.
He is the latest richest man in China.
Ma Huateng and his colleagues did one simple thing. They founded a social media platform for their home country.
Ma Huateng is a strong beneficiary of the long-standing ‘China First’ policy of the Chinese Communist Party.
In a world where other countries are relying on US tech companies like Facebook and Apple for their tech products, the Chinese have always insisted on building their own and Ma Huateng is a product of such ideology.
Chelsea owner ROMAN Abramovich’s new £430million superyacht is pictured in all its glory for the first time.
The 460ft Solaris, which will have eight decks including a helicopter pad, is nearing completion.
No expense has been spared and its two advanced electric engines will make it the most powerful yacht in the world.
Solaris is almost ready for sea trials and should be handed to the Chelsea owner, 54, by the summer.
A source said: “This will be the yacht of the year when she is launched later this year.”
The yacht is being built at the Lloyd Werft shipyard in Bremerhaven, Germany.
The shed it is being constructed in is larger than Buckingham Palace.
Solaris will have 48 cabins, accommodating up to 36 passengers, and a crew of 60.
But Abramovich, who already has £475million superyacht Eclipse, will not be setting sail for Britain often as he has visa issues over his Russia links.
The source added: “Details are being kept top secret but she will be a magnificent addition for the owner.
‘To give you an idea of the size of Solaris the yacht shed she is being built in is bigger and taller than Buckingham Palace so you have some idea of the dimensions.”
Former President Barack Obama and Michelle Obama have purchased a seven-bedroom, nine-bathroom home in Edgartown, Massachusetts, according to reports. The price for the 29-acre estate was $11.75 million, public records show.
The property was purchased by a trust represented by attorney Ronald Rappaport, a partner at Reynolds, Rappaport, Kaplan and Hackney, according to records made available Wednesday. The trust is reportedly tied to the Obamas, but Mansion Global could not confirm the connection. Mr. Rappaport did not return requests for comment.
Gerret Conover and Thomas LeClair, partners at LandVest Martha’s Vineyard, were the listing and selling brokers for the property. Mr. Conover confirmed the sale via email, and that the property was previously owned by Wyc Grousbeck, owner of the Boston Celtics.
The sale price was more than $3 million less than the asking price for the almost 7,000-square-foot home on the Edgartown Great Pond, according to records. It was most recently listed for $14.85 million, but has seen several price cuts since it was first listed in February 2015 for $22.5 million.
Mr. Conover and Mr. LeClair took over from another agency later in May 2017, relisting the property for $19.25 million, records show. It was cut to $16.25 million in May 2018 and then again in July 2019 to $14.85 million. Both agents declined to comment further on any other details of the sale.
Mr. Grousbeck bought the estate in 1998 for $3.15 million, according to property records. He did not return requests for comment.
Rumors about the Obamas buying the Edgartown home have been swirling since the summer, when the family rented the residence, The Wall Street Journal reported at the time. Representatives for the family declined to comment.
The Obamas have summered on the Vineyard for years, and they aren’t the only politicians who are fond of the coastal New England area. The Clinton family has spent time there, and former Secretary of State and Massachusetts Senator John Kerry bought a home there in 2017. Red Gate Farm, the former estate of Jacqueline Kennedy Onassis, is currently on the market there for $65 million, according to LandVest.
The home was designed by Brandenburger Taylor Lombardo Architects from San Francisco, with multiple areas for entertaining, both indoors and out. The living room has vaulted ceilings, exposed steel beams and a stone fireplace, the listing said. There are two guest wings, and the master suite boasts a fireplace, a private sun deck and water views. There’s a chef’s kitchen with ample built-in storage and a formal circular dining room overlooks the grounds and pond.
Outside, there’s both an outdoor fireplace and screened porch with a fireplace, according to the listing. There’s also a pool and a Jacuzzi off the second-floor balcony that has expansive views of the water. The property offers direct access to the pond, and includes a boat house and a private beach front with deeded rights, as per the listing.
Davido and Wizkid are at the moment Nigeria’s richest musicians, several sources has been quoting their wealth at several billions of Naira, a source put their wealth at $40million and $30million respectively, while some others put it at $19million and $20million and there are some more using different instruments to determine how wealthy the two of Nigeria’s greatest musical exports are.
It is however surprising that with their hard earned wealth there are some animals that are richer that the two Nigerian superstars combine. This write-up will be looking at 3 pets that are on record richer than this extremely hardworking Nigerian superstars, we will be looking at their source of wealth, their location and the name of their owners.
A Dog named Gunther IV (V, VI) worth $375 million
The world’s richest animal is a German Shepherd from Germany — who is living anything but a ruff life.
Gunther was the pet of Karlotta Leibenstein, a German countess who had a multi-million dollar fortune. She never had any children but cherished her pet dogs throughout her lifetime. Karlotta passed away in 1992. At the time, she had no close family to share her fortune with except for her dog—Gunther III—and she made sure he would be well taken care of for the rest of his life. She willed her entire fortune of 80 million dollars to him. When Gunther III passed away, the inheritance was passed along to his son, Gunther IV.
Over the years, Gunther’s caretakers have accumulated even more wealth for the dog through strategic investments and surprising ventures, and today the dog has a net worth of $373 million. By the way, Gunther IV is supposedly 28 years old today, but the average lifespan of a German Shepherd is 10 to 13 years, so it’s likely that it’s actually Gunther 5 or 6 by now, but the dog is still referred to as Gunther IV.
Gunther’s wealth is in a trust that is managed by the Gunther Corporation, which Gunther is the CEO of. It doesn’t appear that they are very limited in how they spend or invest Gunther’s money. Although the purpose of the corporation is to ensure that Gunther is taken care of, they have used his money in a number of unusual ways.
For example, they put together a theatre show called the Burgundians, which toured in South Florida in 1999. They spent millions producing a television musical special called Global Revolution, which aired once on Italian television. In 2006, they purchased the Pontedera Football Club, an Italian association football club in Tuscany. Officially, Gunther is the owner of the football club and all other assets of the Gunther Corporation. This includes a number of properties that have been purchased in his name.
Gunther owns a number of properties, including several villas in Italy, properties in the Bahamas, and a German estate. His highest profile purchase came in 2000 when he purchased a 7.5 million dollar mansion from Madonna in Miami. The Gunther Corporation also looked into buying Sylvester Stallone’s 27 million dollar Miami villa before deciding on Madonna’s mansion.
The 7,000 square foot Mediterranean-style home has nine bedrooms and eight and a half bathrooms. It was purchased by a group that called themselves the Burgandians, who revealed Gunther as their mystery investor in a press conference after the sale had been finalized.
When in Miami, Gunther mainly stays in the master bedroom while the rest of the house is rented out for movie and television shoots. This is just one way that Gunther’s net worth steadily increases.
Gunther is waited on paw and foot constantly. He has a personal maid who cleans up after him in addition to a butler who attends to his every need along with his many other caretakers. A typical day might see him taking a swim in his customized pool, taking a drive in his luxurious limousine, eating the finest steaks, caviar, and truffles, relaxing in one of his many enviable estates, drinking the finest bottled waters, and perhaps going to the spa or a high-end groomer.
He even goes to the occasional auction. In 2001, Gunther along with two of his staff showed up at a high-dollar auction in northern Italy. He even successfully bid on something—a 1.1 million dollar truffle. Gunther also has around the clock security. You can definitely say that Gunther is living the good life as the world’s richest dog.
Grumpy Cat worth $99.5 million
As opposed to Gunther IV, who got his money via trust fund, Grumpy Cat is a self-made millionaire.
Grumpy Cat who died in 2019 due to complications with her urinary tract infection at age 7 was self-made rich pet, she was owned Tabitha Bundesen from Arizona and her real name is Tardar Sauce but she became Grumpy Cat because of a few posts on Reddit showing off the cat’’s disdainful-looking mug by owner Tabatha’s brother, Bryan. The Reddit audience quickly posted their own takes on this grumpy cat, photoshopping sardonic text and backgrounds, spreading the cat’s popularity. According to Know Your Meme, within 24 hours, the Grumpy Cat Reddit page received over 25,000 upvotes and, within 48 hours, its Imgur page received over a million views. Grumpy Cat was causing an internet stir, and this internet stir would soon break into the mainstream.
Funny cats were by no means novel on the internet or the mainstream (YouTube was practically built on cat videos). However, Grumpy’s popularity was not only stable but growing. Soon, Grumpy was meeting famous celebrities, guest starring in television shows, writing (well… inspiring) her own books, and starring in her own Lifetime Christmas movie. She was given her own wax statue at Madame Tussaud’s, and at SXSW Interactive, she outdid the likes of Steve Carell and Elon Musk in drawing in crowds.
At the core of her popularity was her loyal following on social media and the thousands of creators that produced new Grumpy Cat memes daily. Grumpy Cat was one of the first internet sensations to straddle the real and online worlds, known by both your tech-addicted 9-year old brother and your cat-loving aunt. The meme was so widely known that even President Obama made an allusion to the meme at the 2015 White House Correspondent Dinner. Grumpy really did, as her owners stated, help “millions of people smile around the world.”
Grumpy Cat also made money and lots of it, putting millions in the hands of her owners. According to the Washington Post, Bundesen’s company, Grumpy Cat Limited, monetized the cat, bringing in between $1 million and $100 million through merchandising, Grumpy’s books, and her various appearances. With this new money and business opportunity, Bundesen was able to quit her job waitressing at Red Lobster.
The monetization of Grumpy Cat led to one of the first spats over the intellectual property of memes. In 2018, Grumpy Cat Limited sued Grenade Beverage for using Grumpy’s image to market Grenade’s new Grumpy Cat Grumppuccino without permission and won $710,001 from the case. The underlying issues with intellectual property we see today with Jerry Media and Fortnite were present the moment that Grumpy Cat Limited began to make money.
Taylor Swift’s Cat Olivia Benson worth $97 million
In June of 2014, Taylor got a new cat she named Olivia Benson after the character portrayed by Mariska Hargitay on Law & Order: SVU, one of Taylor’s favorite television shows.
She is the younger “sister” to Meredith Grey, and older “sister” to Benjamin Button.
Like Meredith, Olivia Benson is a Scottish fold cat that lives in luxury, this notwithstanding the cat still makes her own money.
Olivia was featured in one of Taylor’s Diet Coke, Keds, and AT&T commercials, and has also appeared in many of her Instagram videos/photos. She and Meredith even appeared in an Instagram photo taken by Taylor’s then-boyfriend, Calvin Harris, which he captioned “Moment”.
Olivia is also seen at the beginning of the music video for Taylor’s 2019 single, “ME!”
Olivia has been nominated for 3 awards
2015 Australian Nickelodeon Kids’ Choice Awards with Meredith Grey as Aussie/Kiwi’s Favourite Animal
2016 Nickelodeon UK Kids’ Choice Awards as UK Favourite Famous Cat
2018 iHeartRadio Music Awards as the Cutest Musician’s Pet
These are the Most Expensive Watches in the World Ranked by the Sale Price, Auction Value or Estimated Value
Once a year we take a look at the Most Expensive Watches in the World 2019! This ranking has been updated in June 2019.
Not only there are several new incredibly expensive watches, we also have a new #1, which says a lot considering that the previous World’s Most Expensive Watch – title holder was valued at $25 million.
Most of the watches we’re gonna show are one of a kind and are owned by the richest people in the world, and who would judge them, watches are a status symbol and owning one priced so high will definitely set you apart from the other billionaires out there.
So what exactly does make these watches so expensive?
It mostly comes down to just three factors:
1. Expensive parts such as rare diamonds, gold, platinum, meteor rock, dinosaur bone etc.
2. The amount of time it took to complete and the detail level of what the watch is able to do.
3. How unique or how much of a intangible value can be attributed to the piece.
Every watch we’re gonna feature has an incredible story behind that will make you wonder what is like to own a watch designated only for the most affluent individuals!
Here are the Top 10 most Expensive Watches in the World 2019:
10.
LOUIS MOINET METEORIS WATCH ~ Price: $4.600.000
What if I told you there was a watch so rare that in order to make it you had to go into space and get some moon rock?
What is I told you there were 4 of these watches that apart from the beautifully crafted architecture each contains something so special that the average person will never get to encounter in their life-time?
These 4 watches form the Meteoris Collection by Louis Moinet and they all tie for the 10th position on our top 10 most expensive watches in the world!
You can learn more about the Louis Moinet watches here!
If you thought these were special, you wouldn’t belive the Hublot that’s next.
9.
HUBLOT – BIG BANG ~ Price: $5.000.000
If the previous pieces stood out by the rarity of the components this one focuses on only 1 material: Diamonds! and a lot of them!
But just how many diamonds can one manufacturer put on a wrist watch?
Hublot answered that question with: as many we can fit in there! They ended up with 1280 diamonds that have at least 3 carats each.
It took over 1 full year just to find the diamonds and bring them to the headquarters from all corners of the earth but the end result was fully worth it!
Every single stone was cut by a well renowned jeweler from New York, with over 40 years of experience, in order to make sure each bears the same cut signature.
You’re probably wondering who’d spend $5 Million on full diamond watch?
Beyonce Knowles bought it for her husband Jay-Z as a birthday gift for his 43rd anniversary! We’ve covered the story in this original video!
The watch looks amazing and if you’ve got the money I think it’s an amazing piece to add to your collection!
But I wouldn’t spend it right away because we’ve still got some even more expensive ones to come!
8.
Vacheron Constantin 57260 – The most complicated watch ever made ~ Price: $8 million
This time, Vacheron Constantin decided to make the most complicated watch in existence. The watch is fairly new compared to the rest of the ones on this list.
A complication is the number of functions a watch can do and this one 2800 components and 57 complications. It has a solid 18k white gold case and densely packed components inside.
It took a team of three watchmakers more than eight years to design and create the 2,800-component Reference 57260 from scratch.
They were considering selling the price somewhere between 5 to 10 million and a private buyer picked it up for 8 million dollars.
7.
PATEK PHILIPPE – Ref. 1518 – Wristwatch ~ Price: $11.136.642
Mid-November 2016 at the Phillips in Association with Bacs & Russo Geneva Watch Auction Four sale, an incredibly rare Patek Philippe wristwatch was auctioned of.
It was sold for 11,002,000 Swiss francs! That’s around 11,136,642 USD.
The reason why it fetched such a high amount is rather odd, it’s the fact that it has stainless steel casing, a very rare thing since almost all luxury watches Patek made with yellow or rose gold. While most other watches on this list get their value from the jewels added to the watch, this is part of a very limited edition 4 piece series.
On the back of the watch underneath the serial, you can notice a number 1. Which means it is the first one of the 4.
You would expect that such a rare piece would be one of the most expensive watches in the world 2019 and it proudly made the list, but only at #7.
6.
Jacob & Co. “Billionaire Watch” ~ Price: $18,268,000
This feels less like a watch and more like a crown. The Jacob & Co Billionaire watch is certainly one of the most luxurious watches in the world. It’s like they looked at the 5 million dollar Hublot we mentioned before and said: “Yeah, we can do better”.
We couldn’t talk about the most expensive watches in the world 2019 without having a billionaire worthy watch couldn’t we?
Adorned with 260 carats-worth of brilliant emerald-cut diamonds, it features a handcrafted movement comprising 167 components and 19 jewels. Just to put things into perspective..
If you had the money to buy this particular watch, but instead you put it in a decent portfolio that pays 7% interest, you’d be earning 1.3 million dollars every year, just on the interest.
The company wasn’t playing around when they said this is a Billionaire’s Watch.
We’re ready to start the top 5 most expensive watches in the world 2019!
5.
PATEK PHILIPPE – HENRY GRAVES – POCKET WATCH ~ Price: $24.000.000
It used to be the most expensive pocket watch the world had ever seen!
It was sold for $11 Million back in 1999 if we adjust for inflation and the economic environment + its novelty factor this piece could easily go for over $15 Million if it was to be resold. They wanted to put that theory to the test. Last year it went on Sale and it fetched a record breaking 24 million dollars.
Made in 1933 for banker Henry Graves by Patek Philippe himself, it took over 5 years to complete!
It happens to be one of the most complicated and complex pocket watches in the world with over 24 functions!
Made out of 18 carat gold the watch used to be the world’s most expensive pocket watch until late 2013 when one piece dethroned it.
It’s the one on the 3rd spot!
4.
CHOPARD 201-CARAT WATCH ~ Price: $25.000.000
With 874 rare diamonds the Chopard 201-carat watch used to be the world’s most expensive watch and still is the 3rd highest priced jewelry watch out on the market!
Sold in the year 2000 for this unbelievable amount of $25 million it made the front page of every luxury publication at the time.
Contrary to the $5 million Hublot we’ve talked about earlier, the stones don’t form any sort of pattern or design which leads us to the following question:
Why would you wear something so bulky? and for some people unappealing. It wasn’t just some publicity stunt Chopard pulled off, but I my opinion it lacks a certain degree of finesse which I would expect from them.
With all that considered we still have to bow our heads to the masterpiece created and take a closer look and see the detail level of work put into the ultimate jewelry.
It features a very small display and such a wide variety of diamonds that even at close inspection it is very likely for you to miss some.
The specifications for a number of the diamonds are as follows:
– 1 heart-shaped diamond, natural Fancy Pink, Internally Flawess, 15.37 carats.
– 1 heart-shaped diamond, natural Fancy Blue, VS2, 12.79 carats.
– 1 heart-shaped diamond, D color, Flawless, 11.36 carats.
– 3 pear-shaped diamonds, natural Fancy Intense Yellow, 8.45 carats total.
– 26 pear-shaped diamonds, natural Fancy Intense Yellow, 17.07 carats total.
– 48 round diamonds, natural Fancy Yellow, 8.81 carats total.
– 260 pear-shaped diamonds, all D color, Flawless, 60.94 carats total.
– 91 round diamonds, D color, Flawless, 10.29 carats total.
– 443 FC diamonds, natural Fancy Intense Yellow, 4.95 carats total.
Graff Diamonds The Fascination ~ Price: $40 Million
Remember when we said that Chopard opened the door for a new type of watch? Well, this is it.
Jewelry companies have the upper hand when it comes to simply adding as many valuable gems and stones to a watch as possible and Graff is the biggest name of all when it comes to Diamonds.
The watch consists of 152.96 carats of white diamonds with a center fancy-cut exquisitely rare stone that is a 38.13-carat D Flawless pear shaped diamond that detaches into a ring.
According to Laurence Graff, the founder and chairman of Graff Diamonds: “The Fascination is an outstanding piece, carefully crafted so it can be worn in a number of different ways – adding a touch of magic to the jewel,”
Top 10 Most Expensive Watches in the World – Graff Diamonds The Fascination ~ Price: $40 Million
1.
GRAFF HALLUCINATION ~ Price: $55 MILLION
This is it! The Graff Hallucination is the most expensive watch in the world 2019 with a price tag of $55 million.
Where do we even begin? It was unveiled a couple of years ago at the Baselworld watch and jewelry fair, the first time Graff took part in it. They sure know how to make an entrance!
From the start the watch was supposed to be the most valuable timepiece ever created! And they did it!
The incredible worth stems from 110 carats of really rare and really big colored diamonds set into a bracelet of platinum.
Just to make things easier, when diamonds are extracted and processed their color ranges from D to Z. The colored diamonds used for this particular watch, qualify as “Fancy” which means they go beyond the normal scale as incredibly rare and valuable.
If you look really close at the bundle of gems you can see a tiny quartz dial in the middle of it framed by pink diamonds.
The Graff Diamonds – Hallucination is the most expensive watch in the world 2019 – Price: $55 Million
Laurence Graff’s comments on the Hallucination: “The Graff Hallucination is a sculptural masterpiece, a celebration of the miracle of colored diamonds. For many years I have thought about creating a truly remarkable watch that illustrates our all consuming passion for diamonds. The Hallucination has made my diamond dream a reality.“
Just to put things into perspective, the most expensive watch costs as much as a Gulfstream private jet.
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