Category Archives: Watch and Jewelery

The Baselworld Watch

1.Rolex Cellini Moonphase

Rolex generated considerable buzz with its burly Sea-Dweller and Yacht-Master II sports watches. But this dress watch may have stolen the show. The company’s first moonphase model since the 1950s is a looker, but will also delight amateur astronomers. Rendered in 18-karat Everose, the watch will accurately track the lunar cycle for 122 years. Better still, the full moon appliqué  is fashioned from actual meteorite.

2. Citizen Eco-Drive Professional Diver 1000M

At first glance, a light-powered watch that can be used 1000 metres underwater may not make much sense. It’s dark in those inky depths. But the lack of a battery means the hardened “Super Titanium” case never needs to be opened, making it virtually leakproof. Functionally speaking, it is a bathyscaphe for the wrist.

 3. Longines Heritage 1945

Benjamin Clymer, who runs the influential watch site Hodinkee, called the Heritage 1945 one of his favourites, and no wonder: It is based on a watch that he owns. Longines spotted the elegant dress watch, which dates back to the 1940s, on his Instagram feed and reverse-engineered it, down to his aftermarket tan strap. Little surprise, Clymer found the result “stunning.”

4. 1960 Grand Seiko

Seiko is known for producing watches for the masses, but its premium Grand Seiko line holds its own among the fine Swiss houses. To celebrate Grand Seiko’s formal split into a separate brand, the company introduced an exquisite reissue of its understated first model, featuring a domed crystal and wedge-cut hour markers. This retro charmer is available in gold, platinum and stainless steel, in limited editions of 1960 each, naturally.

5. Zenith Defy El Primero 21

Zenith, a legacy brand currently undergoing a dramatic reinvention under its new chief executive, Jean-Claude Biver, made a statement with this sexy new riff on its classic El Primero. This model features a titanium case, a skeleton dial and a high-frequency chronograph accurate to one-hundredths of a second. As with Hublot, another brand overseen by Biver, the new Zenith is about dressing to impress.

6.TAG Heuer Autavia

Classic Autavias from the 1960s often fetch five-figure sums on the vintage market. So imagine the delight when TAG Heuer updated the coveted 1962 racing chronograph, featuring a reverse panda dial and brawny black bezel. The new version has been modernised, with a larger 42-mm case and a date window. But it still channels the spirit of Mario Andretti, Jochen Rindt and other racing legends.

7.Tudor Heritage Black Bay Chronograph

Rolex’s lower-priced sister brand continues to deliver bang for the buck. With its fixed stainless-steel tachymeter, the new Chrono feels both sporty and vintage. The big news for watch geeks is the new MT5813 movement in collaboration with – brace yourself – Breitling. Cooperation, even with rivals, is very Swiss, they say. Maybe that’s how they stay neutral.

8. Movado Connect

Two years ago, the dawn of the smartwatch era was the talk of Baselworld. Now the smartwatch simply is. Movado is closing the gap between a stylish watch and a wrist computer with this sleek model, featuring Google’s Android Wear 2.0 platform and five customisable versions of its minimalist Museum dial.

The Smartwatch

We’ll see more luxury brands break up the smartwatch duopoly between Apple and Samsung,” said John Guy, an analyst at MainFirst Bank AG. “It not only provides consumers with a luxury option, where the aesthetic is more in harmony with technology, but it also provides a springboard for younger consumers to move into traditional Swiss watches at a later stage.”

Within two years, Apple has become the world’s second-bestselling watch brand, outranked only by Rolex, disrupting sales of low-end makers and convincing LVMH that it needs to offer alternatives or risk falling behind. While low-end Swiss manufacturers such as Swatch Group AG’s namesake brand have introduced intelligent timepieces, exclusive makers like Rolex and Patek Philippe have largely steered clear for fear of sullying their image.

Breitling, TAG

Midrange Swiss labels like Breitling and LVMH’s TAG Heuer, specialising in sports watches, were among the first to recognise the disruptive potential of fitness bands that can monitor heart rates and track the wearer’s activities. Now fashion brands are getting into wearable devices. Tommy Hilfiger and Hugo Boss each revealed models using Google’s Android platform at this year’s Baselworld watch expo in Switzerland, while Hermes started making leather straps for Apple Watches in 2015.

LVMH rival Richemont also recently dived into the market, offering a smartwatch under the Montblanc brand. Its $1500 price tag, like those of connected timepieces from Swiss brands such as Mondaine, is well below that of Louis Vuitton’s Tambour Horizon. Last year Apple discontinued its line of 18-karat gold Apple Watches, which sold for approx. $22,260 moving toward the fitness market and adding health functions.

LVMH, which is France’s biggest company by market value, has tried to speed up the embrace of technology in recent years – bringing in former Apple Music executive Ian Rogers as chief digital officer in 2015 and launching two multibrand e-commerce sites this year for its fashion and beverage brands.

Last year, LVMH bought Rimowa, a German suitcase maker whose products include luggage with electronic tags that let their owners know their whereabouts via Bluetooth. Louis Vuitton introduced 800-euro ($1510) iPhone cases inspired by its monogrammed trunks last fall.

LVMH got about nine per cent of sales last year from watches and jewellery. Louis Vuitton’s traditional watches are produced in Switzerland. The smartwatch’s case is assembled in that country and the watch uses technology developed in Silicon Valley, the company said in a statement that does not say where the inner workings are made.

 Targeting Travellers

Swatch Group, whose brands run the gamut from inexpensive pieces to six-figure Breguets, is developing an alternative to the Apple and Google operating systems for a planned Tissot smartwatch whose launch has been delayed. Louis Vuitton is relying on Android, as well as technology from Qualcomm Inc.

Louis Vuitton is targeting well-to-do travellers with the new watch, which will offer flight information and city guides for seven destinations, the company said in a statement. It’s modelled after the mechanical Tambour line and is the first Android Wear smartwatch that functions in China.

The Tambour Horizon, which is round in contrast to the Apple Watch’s rectangular shape, is 42 millimetres (1.7 inches) in diameter, making it smaller than its rivals. Like the competition, it also sends notifications of text messages, emails and phone calls.

 

The Watch favoured by world elites

Watches and clocks is on a first-name basis with Patek Philippe & Co., the Geneva house founded in 1839. These fanatics will require little persuasion to see “The Art of Watches Grand Exhibition New York 2017,” a clumsy title that is in direct opposition to the elegance of the timepieces on display.

The show – open through July 23 at the Bellini-and-prosciutto pleasure dome known as Cipriani 42nd Street in New York – is rife with horological delights. It is free for the public to enter. It is expensive for emirs, oligarchs, and tycoons to buy the current Patek models on display, such as the New York 2017 Special Edition Ref. 5531, which combines a minute repeater and a world-time mechanism behind a dial that celebrates the Manhattan skyline at its cloisonné-enamel centre. But someone’s got to do it.

Looking back in time

The real treat here, however, is the older stuff, gathered largely from the house’s museum in Geneva, designed in 1919. Other timepieces come from such institutions as the John F. Kennedy Presidential Library & Museum, and a few were made available from private collections. The meticulous toil of Patek’s artisans has ensured that even visitors who don’t especially care about watchmaking in itself will nonetheless thrill to witness its results.

Look, for instance, to the U.S. Historical Room, featuring a svelte chronograph (Ref. 130J), measuring only 35 millimetres in diameter, owned by Joe DiMaggio. The Kennedy Clock owned by the 35th president is also here. There’s even some from people who never hooked up with Marilyn Monroe.

Other famous Patek owners represented include red-white-and-blue bloods such as jazz titan Duke Ellington, who owned a split-seconds chronograph; early Coca-Cola exec Asa Griggs Chandler, whose rectangular gold watch with Art Deco engraving is a mere 26 millimetres wide; and General George S. Patton, whose parents gave him a pocket watch when he was merely “Lieut. George S. Patton,” as the engraving on its gold case demonstrates.

Pocket de résistance

Many of the stars of the show are pocket watches. While the U.S. room houses an extraordinary collection of complicated pocket watches commissioned by the banker Henry Graves, Jr., elsewhere you will find such gorgeous, double-faced, super complicated models as the Calibre 89, first introduced in 1989 and making its first venture outside the Patek Philippe Museum.

But the headliner here is the Grandmaster Chime, a stunning chunk of applied artistry with 1356 parts, some of which are devoted to its five chiming functions, inside its hand-engraved case. Patek has paired this double-faced wristwatch, which made its debut in 2014, with a virtual reality installation that lets visitors immerse themselves in its working.

A separate listening booth allows you to experience the acoustic perfection of its chime. According to the exhibition catalog – which is, at $26, a steal – the Grandmaster Chime includes a “date repeater controlled by the perpetual calendar that indicates the date acoustically, as well as an alarm that when activated also strikes the time of day.” It might be necessary to put VR goggles on your face to get your head around that idea, at which point the bravura display of craft will ring your bell.

There’s even a moment of unintended contemporary relevance. Visitors should spare a moment to chuckle at the wall text describing Kennedy’s desk clock, given to him by the mayor of West Berlin

 

Automatic mechanical Watches

Automatic mechanical watches, or those that rely on gears and mechanics to operate, have seen a resurgence in popularity in recent years after a boom of quartz watches.Also known as self-winding or perpetual, automatic watches wind themselves using an internal moving weight that winds or rotates when the wearer moves their arm, transferring energy to a power reserve and keeping the watch working.These watches require no batteries and can be considered “clean energy,” powered by humans. While they do not require daily winding, it is a good idea to wind an automatic watch every so often to ensure that they keep accurate time and enjoy a long life.

Winding your Watch
  1. Keep your arm moving.

     The automatic watch is built with an oscillating metal weight, or rotor, that tracks movement. The oscillating rotor is attached to gears inside the watch that are in turn attached to the mainspring. When the rotor moves, it moves the gears which, in turn, winds the mainspring. This stores energy in the mainspring so that the watch continues ticking. If the watch is not being moved in regular, everyday motion, the mainspring’s energy winds down. If you wear your watch and keep your arm in regular movement, this should be enough to keep the rotor moving and winding up the mainspring. This doesn’t mean, however, that your arm needs to be in constant motion. Automatic watches are built to respond to average, everyday movement in order to keep them working.

    • Typically, automatic watches store energy for up to 48 hours so that they continue working without needing additional winding.
    • People who are not very active, such as elderly people or those confined to bed, may need to wind their automatic watches with more frequency. If you are sick and laid up in bed, your watch may wind down since it’s not getting regular everyday movement.
    • Avoid wearing watch when playing sports that require continuous hand or arm movement, such as tennis, squash or basketball. This will interfere with the automatic winding mechanisms, which are built for regular, everyday arm movement.
  2. Take the watch off your wrist. While an automatic watch is intended to restore its energy by the rotor winding the mainspring through the motion of your arm, it does also require periodic manual winding to keep the mainspring tight. In order to ensure that the crown is not overly strained when you pull it out and wind it, you should take it off your wrist. Then you will be able to have the right leverage and angle to carefully pull the crown out.
    • If the watch is waterproof, the crown may be screwed down to provide added waterproofing. You may need to unscrew this crown by turning carefully 4 to 5 times. When you wind the watch, you will push down on the crown at the same time, which will screw it back into place. 
      Locate the crown. The crown is the little dial knob usually on the right side of the watch. This knob can be pulled out to set the time and date on the watch. It does not need to be pulled out, however, in order to engage the winding mechanism. The crown usually has three positions or settings that engage certain functions. The first position is when it is pushed all the way in and the watch operates normally. The second position is when the crown is pulled out halfway; this is the position for setting the time or date (depending on your watch). The third position is when the crown is pulled out all the way; this is the position for setting the time or date (depending on your watch)
  3. Turn the crown clockwise. Gripping the crown with your forefinger and thumb, twist it gently in a clockwise manner (moving it from bottom to top towards the 12 on the watch face if you are looking directly at the watch). Turn it approximately 30-40 times or until the second hand starts moving in order to fully wind the watch. Winding keeps the mainspring tight and at full energy reserve, which is also supplemented by keeping your watch in motion.
    • Contrary to popular belief, you cannot typically over-wind an automatic watch. Modern automatic watches are constructed to protect against this possibility. You should still be very gentle when turning the crown and stop winding when you feel resistance.
  4. Always set the time by moving forward. When winding your watch, you may accidentally move the watch hands if you pull the crown out at all. If this happens, reset the time by moving the watch hands forward in time to reach the correct time again. Your watch is built to move its hands forward, not backward, so it is better to keep the gears and interior mechanisms working in their intended manner
  5. Make sure the crown is pushed all the way in. Gently push on the crown to ensure that it is pushed all the way back in. If you have a waterproof watch, you may need to double check to make sure that the crown has been screwed into place. Pinch the crown with your forefinger and thumb and tighten it while pushing it in
  6. Compare your watch’s timekeeping with another watch. If your watch has been properly wound, it should keep time that is consistent with other timepieces. If you think the watch is still not performing up to standard, you might ask a watch repair shop to test your watch on a timing machine. This instrument will measure its timekeeping and speed in order to determine if it is slow or fast.
  7. Wind the watch fully if it hasn’t been worn in a while. Automatic watches rely upon motion to keep working, and they may run down if they have been sitting in their box or in a drawer for more than a few days. Turning the crown on a watch 30-40 times will wind it fully and ensure it is ready to wear. Turn the crown until the second hand starts moving so you know that the watch has started keeping time. You will also likely need to reset the time and date.

Size a Watch

Learn how to size a watch. Keep in mind what kind of a fit you’d like when you’re shopping for watches so you know what to look for. This can prevent future adjustments. If you do need to make adjustments to your watch, determine how you’d like your watch to fit and then add links, remove links, or replace the strap.

Adjusting Your Watch Size
Identify if you need to adjust your watch. Since watches can be worn tightly or loosely, you’ll need to decide if the watch is fitting the way you’d like. Check your wrist after wearing your watch to see if it leaves an imprint on your skin. If it does, your watch might be too tight. Or if the watch bothers you by sliding up and down on your arm, you may want to tighten it.
1.If you have a fabric or leather strap, use a different hole on the strap to secure it to your wrist.Remove links to make the band smaller. To secure the watch to your wrist, consider wearing it on a tighter setting. If you have a metal strap with links, pinch the clasp up towards you. This will show you how many links to remove. Use needle-nosed pliers and a push pin to remove the extra links or take the watch to the jeweler.
2..If you have a fabric or metal strap, use a different hole to secure the watch. If you’re on the loosest hole setting, you may need to use an awl to punch an extra hole in the band.
3.Add links to loosen the band. If your watch is fitting too snugly on your wrist, add links to the band. You’ll need to use links that came with the watch when you bought it or ask a jeweler to add new links for you. Carefully remove the pins from the clasp end and insert the new link. Secure the clasp end back onto the strap.
4.If you’re unsure what size strap you’ll need, look on your old strap. Many straps will have the size printed on the underside of the band. If you don’t see it, measure the distance between the lugs in millimeters.
Replace the watch strap. Use a screwdriver to remove the screws on both sides of the lugs. The lugs are the metal points that hold the strap to the watch itself. The strap should come away easily once you’ve unscrewed it. Put the new strap in place and screw both sides back into the lugs. Try on the watch and adjust the strap according to your preferences

Photograph Of Jewelry

The most challenging areas of photography because of the size of the subject and the difficulty in capturing the artist’s hand-finished touches. Lighting, background and how the jewelry is displayed are all aspects that a jewelry photographer must work around in order to create an attractive image that will compel shoppers to buy. Whether your camera is a fully automatic model or one that allows you to adjust shutter and aperture speed, you can create a good jewelry photograph by carefully scrutinizing the overall shot before you snap the shutter button.

Take pictures in natural light. Early in the morning and late in the afternoon are the 2 best times to take jewelry pictures. If you pick a different time of day, create soft lighting that will compliment the jewelry piece from all angles. Ideally you will have slight shadows behind the jewelry to help make the piece stand ou
  1.  Diffuse strong light with a reflector. A piece of letter-sized cardboard wrapped in foil serves as an impromptu light deflector that can bounce light away from the jewelry piece when you aim it at reflective spots. If you need to use your camera’s flash, place a piece of facial tissue over the flash to diffuse the strobe. Wearing a white t-shirt while you photograph jewelry also helps diffuse harsh lighting from your camera’s flash when it fills the room with brightness as you snap photos.
  1. Show up-close details when taking jewelry photos. Use your camera’s macro setting, which allows you to obtain crisp, up-close photos of the jewelry. Select different angles that show what the jewelry looks like up front, from the side and even from behind.
  2. Show how your jewelry is worn by placing it on a model. A close-up, focused shot of a pendant hanging from a neck or a gemstone dangling from an ear lobe is more interesting to viewers and helps give them a better idea of the size of the piece.
  3. Watch for reflections. Jewelry is alluring because pieces tend to reflect everything in their environment. Jewelry can also reflect unwanted elements in the room where you are taking pictures, such as window blinds or light bulbs. To avoid unattractive reflections on your jewelry, stand as far away from the subject as possible while using your camera’s zoom feature to bring the jewelry into focus.

The State Of The Jewelry And Watch Trade

 McKinsey on the five factors transforming the jewelry trade

This February 2014 report isn’t new—JCK’s Rob Bates wrote about it here—but for anyone struggling to understand the jewelry trade from a macro perspective and imagine what it might look like in 2020, the piece should be required reading. The nutshell: Make way for big global brands, “fast jewelry,” the continuing rise of digital distribution channels, and more high-low hybridization.

Hodinkee on the crossroads facing the Swiss watch industry

Sobering article about the state of the Swiss watch industry, examining how various players have responded to the sharp decline in sales since mid-2015. In short, some have embraced value and accessible pricing, others have thrown their hats into the smart arena—but the jury is still out on which, if any, strategy will work.

TAG Heuer introduced the Carrera Heuer 02-T, a $15,950 chronograph featuring a tourbillon, at Baselworld. The Black Phantom edition shown above retails for CHF 19,900, or $20,755, and comes in a limited edition of 250 pieces.

 The New York Times on the unexpected appeal of bespoke baubles

A lovely first-person essay on what makes tailor-made jewelry so darn appealing.

 WGSN on how technology will shape the fashion business

While this think piece focuses on the apparel industry and the role technology, such as 3-D printing, will play in its evolution, its insights and conclusions could easily be extrapolated to include jewelry. (Exhibit A: The McKinsey study noted above draws compelling parallels between the two categories. In essence, where fashion goes, jewelry follows.)

Bloomberg on a company that’s successfully selling secondhand jewels online

The article describes Gleem & Co. as “a one-stop shop that insures, appraises, and sells secondhand items on its e-commerce platform.” If you know anything about millennials’ love of recycled merchandise, you’ll understand why this approach makes all kinds of sense. One to watch.

 

Millennials Want Watches & Jewellery

Today, watches take up only a 4% share in a millennial jewellery box, but that jumps to 10% for adults over the age of 35 

To begin by the basic numbers, there are about 6.2 million millennial households that report earning at least $100,000 annually. According to Unity Marketing, this group will take over as the largest generational segment in the luxury consumer market around 2018-2020. This is especially true for brands in the luxury jewellery and watch category.

Today, watches take up only a 4% share in a millennial jewellery box. However, that number jumps to more than 10% for adults over the age of 35. As millennials are rapidly approaching the big 3-0 birthday, we can expect their timepiece collection to grow exponentially.

However, the look and style of those watches will likely be vastly different from the classic looks that used to define affluence. “Every generation brings its own trend, its own taste, its own way living,” said Jean-Claude Biver, CEO of luxury watchmaker Tag Heuer in an interview for CNBC. “The younger generation is more disruptive.”

 52% of millennials who have purchased jewellery in the past three months like to show off their taste & style 

Through our research at FutureCast, we have tapped into three trends that have the potential to pave the way for the future in the luxury jewellery and watch category.

1. Millennials are skeptical about the luxury label

For millennials, luxury is not defined by how much money you spend, but rather how priceless an experience is. You will see very few young adults (regardless of how affluent they are) dish out tens of thousands of dollars for a Rolex watch, however they will drop the same amount on a one-of-kind vacation to the Thailand and you better believe they will document the entire trip on their Instagram account.

However, while the definition of luxury is certainly changing, there is still some validity to the fact that nice things make a person feel more successful.

According to Forrester, 52% of millennials who have purchased jewellery in the past three months like to show off their taste and style and 48% of those same millennials agree that owning the best brand is important to them.

The key, however, is to position fine jewellery as something that is defined by the person wearing it – not the other way around.

For example, a millennials might think, “my engagement ring does not define me; I define it.” Comparing generations, a boomer looking at fine jewellery may be more concerned about the 4 C’s of their product. However, while an affluent millennial still wants high quality they are not as concerned about standards as opposed to what the brand stands for.

2. Sentiment is biggest luxury jewellery purchase driver

As an experience oriented generation, most fine jewellery and luxury purchases have strong sentimental value for millennials. These budget conscious shoppers are not quick to spend on impulse purchases so the price tags that come along with high quality jewels or watches must be based on a deeper level of emotional connection.

Although Pandora Jewellery is not typically seen as a millennial brand, the company has undergone significant changes in order to reimagine the customer experience based on the values of modern consumers.

Last year, Pandora released a new campaign for Mother’s Day highlighting the emotions that every mother feels about her children. Six mothers were placed in a line and their children were blindfolded and asked to see if they could determine who their mom was based on touch alone (don’t worry every child picked their mom on the first try).

Diamonds might be forever, but wearable tech is right now 

The advertisement has virtually nothing to do with Pandora’s actual collection, aside from a few shots of the women wearing Pandora jewellery. What the ad is actually expressing is that these mothers are not defined by their jewellery.

Instead, their personalised jewellery is defined by the people who give them and by what meaning is behind them.

 

The American Jewelery

She was a student in Florence, Italy, when her mother paid her a visit—she’d flown in from their hometown of Roanoke, Virginia—and asked to have an ancient coin set in a necklace. St. Clair, on a mission to find the perfect craftsman for the job, hit the Florentine streets. She tracked down a goldsmith, and that was her first introduction into the jewelry world.

While the New York Times recently reported on the lack of jewelers left in Florence and the historic Ponte Vecchio (above), St. Clair continues to work with some of the same circles of craftspeople and artisans she met over 30 years ago—including the Florentine Jewelers Guild.

“Barneys didn’t even have a jewelry department,” she says. “I came to New York and showed them a few things that I was doing, and that was the beginning of their jewelry department,” she says.

“I’m lucky I have a few of the very senior goldsmiths in Florence still working with me. They’re very passionate about what they do, so they fortunately retire very late in life. We just celebrated my oldest goldsmith’s 80th birthday last year,” she says.

What drew St. Clair to the masters of Florentine jewelry is the way they work. “Their hands are so developed, in terms of the natural ability. They’re like tools,” she explains. With the city rapidly loosing the need and desire for skilled goldsmiths and jewelers, some of the jewelry designer’s partnerships have evolved to include the sons of the original goldsmiths with whom she first worked.

For St. Clair, it wasn’t easy getting the Florentine craftspeople to trust her, and that’s why she’ll never stop working with them. “I was in my 20s, I was a woman, I was American,” she says, ticking off the list of many reasons why it was hard for her to break into their circle. But as fate would have it, she beat all odds. “My mother brought me up to fear nothing, so I made myself a part of their world and was accepted as part of their family.”

Today, the designer heads to Florence frequently. Most recently, she’s been visiting every four to six weeks to work on her Golden Menagerie collection, which is about as close as jewelry gets to Haute Couture. Think: some of the rarest gemstones in the world, meticulously set into detailed, luxurious gold, touched by the hands of some of the world’s most prestigious goldsmiths.

A ST. CLAIR CRIMSON ROSELLA RING

COURTESY

But how exactly does St. Clair obtain these rare gems? Similar to the relationships she built with the Florentine craftspeople, she has close ties with family-owned mines around the world. “While the diamond world is a big sort of industry-type business, colored gemstones are very personal. The people who deal in these various colored gemstones are usually highly specialized and very passionate about their materials.”

Take, for example, the Burmese Star Sapphires she used for a piece in her Golden Menagerie collection, which she got from a small mining family from Burma, run by the family’s matriarch. Some of the gems she uses have been passed down from one generation to another. “It’s like you’re dealing with Indiana Jones. Things like this aren’t coming out of the ground anymore,” she says.

Million Worth of Jewelry

Supermodel Miranda Kerr has returned $8.1 million worth of jewels gifted to her by an ex-boyfriend—who may have given them to her as part of a money-laundering operation, the Wall Street Journal reports.

The case surrounds Malaysian businessman Jho Low, who reportedly dated Kerr for about a year, before she started dating her now-husband, Snapchat cofounder Evan Spiegel. According to a complaint, Low bought her a 11.72-carat diamond pendant, designed by Lorraine Schwartz, for Valentine’s Day. That gift cost $1.29 million. He also allegedly bought her an 8.88-carat diamond pendant that was worth $3.8 million, and then bought her matching earrings, a bracelet, and a ring. A lawsuit claims Low bought the jewelry by misusing money from the 1Malaysia Development Berhad fund, or 1MDB.

Kerr, who is not a defendant in the lawsuit against Low, has fully cooperated with authorities and gave the jewelry to the U.S. Justice Department, Reuters notes. “The transfer of the jewelry gifts from Ms. Kerr’s safe deposit box in Los Angeles to government agents was completed on last Friday afternoon,” a spokesperson for Kerr said in a statement. “From the start of the inquiry, Miranda Kerr cooperated fully and pledged to turn over the gifts of jewelry to the government. Ms. Kerr will continue to assist with the inquiry in any way she can.”

Other assets included movie posters and artwork given to Leonardo DiCaprio, as well as rights to the movies “Dumber and Dumber To” and “Daddy’s Home” from Red Granite. The Guardian reports that the U.S. Justice Department is still looking for more than $1 billion in assets they claim were bought with money stolen from the Malaysian government.

Some of the items at issue were provided to the Leonardo DiCaprio Foundation for a charity auction. A spokesperson for DiCaprio said that those items, and an Academy Award won by Marlon Brando which was given to DiCaprio as a set gift by Red Granite to thank him for his work on The Wolf of Wall Street, were voluntarily returned.