International News
Yuliya Kutovaya unveils Doppi Tassels colection, inspired by Uzbekistan’s national costumes
Jewellery designer Yuliya Kutovaya presents a new collection, Doppi Tassels, inspired by the aesthetics of Uzbekistan’s national costumes and tells an inspiring “jewelry story” about traditional tubeteikas, an important element of the country’s culture. The campaign features renowned Uzbek model and Cannes Film Festival guest Vazira John.
She has been fascinated since childhood by the beauty of national garments and headpieces — intricate and vibrant, embroidered, adorned with moving decorative details. Tubeteikas here are a kind of calling card: they reflect one’s social status and age, and the pattern of the embroidery often reveals the wearer’s region.
The concept of Doppi Tassels centers on movement and the play of gemstones. The jewels are shaped like tassels, a common decorative element on tubeteikas in Uzbekistan. The artistic image of the collection is based around this symbolic feature of Eastern costume — its shape and color.
Earrings crafted in yellow gold are adorned with diamonds and cascading strands of black tourmaline beads. The central element of the design is a decorative detail shaped like a tubeteika with a traditional Oriental motif.
Yuliya Kutovaya Jewelry specializes in the creation of demi-couture jewelry. The showroom and production facilities are located in Tashkent. The brand’s jewelry is distinguished by its unique style and design. Each collection features gold, natural gemstones, and pearls, combining handcrafted artistry with the latest innovations in jewelry-making technologies.
International News
Kering Invests in China’s Gold Jewelry Surge as Laopu’s Explosive Growth Reshapes Market
Heritage-gold brands Borland and Lamchiu secure major funding amid soaring demand, fueled by Laopu’s meteoric rise and China’s booming 24-karat segment.
A wave of investor interest is sweeping through China’s gold jewelry sector as the rapid rise of Laopu Gold Co. galvanizes confidence in the country’s high-end heritage gold market. The latest beneficiary is Borland, a Hangzhou-based jeweler known for its traditional filigree craftsmanship, which this week announced more than 100 million yuan ($14 million) in new funding.
The investment round includes contributions from Kering Ventures, the startup arm of luxury group Kering SA, and Shunwei Capital, co-founded by Xiaomi chairman Lei Jun. Kering noted that its minority stake enables participation in the “rapid development of a particularly buoyant 24-karat gold jewelry segment,” reflecting growing appetite for culturally rooted premium gold pieces.
Meanwhile, Dayone Capital has made a separate investment exceeding 100 million yuan in Lamchiu, a Lanzhou-based maker of handcrafted bespoke gold jewelry. The firm will support Lamchiu in expanding distribution and reinforcing the brand’s supply-chain capabilities.
The surge of capital follows the remarkable ascent of Laopu, which has become one of China’s breakout jewelry success stories. The company reported 12.4 billion yuan in revenue in the first half of 2025 — a year-on-year increase of over 250%, building on 168% growth from the previous year. Laopu’s momentum has outpaced Western luxury houses struggling with softer China demand.
Heritage gold jewelry — deeply rooted in Chinese aesthetics and traditional techniques like filigree — is attracting a new generation of luxury consumers. Brands like Laopu, which operate in top-tier malls, increasingly compete with global maisons such as Hermès and Cartier for clientele.
Despite strong digital followings, newer brands still face distribution gaps. Borland operates only three mall stores, while Lamchiu, despite amassing more than 1 million followers on Douyin, runs just one physical outlet in Lanzhou. Both companies plan to use their fresh funding to accelerate expansion and strengthen operational infrastructure.
The latest investments signal rising confidence that China’s heritage-gold renaissance is evolving from a trend into a long-term luxury category shaping the future of the jewellery market.
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