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Posts with tag Russia

Gazprom Tower To Get A Green Fur Coat


Russian energy company Gazprom, has created a new design for their Gazprom tower which is set to go up in St. Petersburg, Russia. The design isn't that much different than the original, whose height and modernism has ruffled the feathers of those who want St. Petersburg to retain its historic charm. The tower does have one major difference, the addition of what is called a "green fur coat" to help insulate the building. The glass tower will have double walls which will sandwich hundreds of trees and plants to provide heat in the winter and cooler temperatures in the summer. The design by architectural firm RMJM will regulate the temperature in the building and provide significant energy savings. The exterior will be clad in temperature-color changing glass panels.

The construction of the Gazprom tower hasn't been approved yet and it looks like public opinion on the project is pretty low. The Journal of Turkish Weekly cites a recent poll that showed that more than 40 percent of residents would prefer to block the skyscraper project. Construction is planned to start later this year with completion scheduled for 2012.

Rifesta Jewelry, From Russia With Diamonds


Certainly with more and more billionaires in Russia, the luxury market there is growing by leaps and bounds. Mostly I have written about retailers like Lamborghini, Gucci and Cartier getting their foothold in Moscow and beyond but now there are a few Russian companies seeking to sell their brands in the U.S. and Europe. In April I heard Russian billionaire Roustam Tariko, speak about his quest to sell vodka in the U.S.; last month, I met with the lovely women from the Russian company Rifesta who were kind enough to show me their diamond jewelry.

Rifesta has been agrowing name in the Russian market for a while now. Rifesta Holding opened its first jewelry shop in Ekaterinburg in 1998. In 2005, the first Rifesta boutique opened in Moscow and in June 2006 the company made their first forays into the U.S. market. At Rifesta the pieces are all made in Russia, from Russian designers and using Russian diamonds.

The pieces are rather distinctive. What struck me about the designs is that they make great use out of small diamonds. The rings are large showy pieces meant to be noticed and appreciated. Each collection has its own theme and style, some of which are more intriguing than others, their Diamond Figures collection and Legends of Elves collections were ones I found particularly striking.

Gallery: Rifesta

Dreams and SecretsDiamond FiguresSensuelleRussian CollectionLegend of the Elves

Russian Tycoon to Launch Magazine for Snobs



Russian precious metals mogul Mikhail Prokhorov, ranked as the 24th richest man in the world with a $22 billion fortune, is set to launch a magazine called Snob for his fellow plutocrats. Prokhorov plans to invest $150 million in the venture, which will eventually include a website and TV station as well, Reuters reports. Andrei Shmarov, who's helming the project, says the magazine will be for "people who are successful and those who want to be successful."

Shmarov is at pains to point out that in Russia, "snob" isn't a pejorative term. "Snob to us means a person who is a 'self-made man', a person who has gained a right to snobbishness," he explains. "It's not pleasant to boast about your wealth when you have inherited it but when you have made it yourself, well it is still not very nice, but it is justified." At least in a country where a measly billion dollars won't even land you a spot on the rich list. Check out their competition below.

Gallery: Magazines for Snobs

For Acquisitive SnobsFor Aspiring SnobsFor Social SnobsFor New York SnobsFor Alcoholic Snobs

Neo Vita, Moscow's Clinic For Millionaires


We've been chronicling Russia's growing batch of billionaires for years. Sure, they have the yachts, the luxury cars, the expensive real estate all over the world but every person regardless of their wealth needs one thing in order to be happy: health. For Russia's ultra-rich the place to go is Neo Vita. a clinic that offers a variety of treatments for both mind and body, including psychoanalysis at $10,000 an hour.

The clinic offers the ultimate in privacy, visitors must pass a police post and surveillance cameras and confidentiality is maintained at all levels. There is even a discreet side door and according to the AFP, the truly secretive and wealthy can reserve the clinic just for themselves for $200,000. Russian psychoanalyst Artyom Tolokonin justifies his prices by saying he only he understands the Russian mentality, offering services his clients can't get elsewhere. He is quoted in the article as saying: "If he has a castle in Monaco, but can't find love, then I wouldn't be effective if I weren't charging him the equivalent of a castle." And you thought health care in the U.S. was scary!

Gallery: Neo Vita Clinic

Crystal Island Will Be the World's Biggest Building

The ambitious architects at Foster + Partners have announced another huge project, in fact this might be the huge project. They have unveiled renderings for Crystal Island, a £2 billion "city inside a building" in Moscow which will be the world's biggest building. Now note, I didn't say tallest, although it is tall. This one is all about the sprawl, it will be have four times the floor space of the Pentagon building in Washington D.C., more floor space than any other structure on Earth. The building will stretch almost 1,500 feet into the sky and will be a multi-use structure. The building will include 900 apartments, 3,000 hotel rooms, a school for 500 students, a movie theater, a museum, a sports complex and dozens of shops. Some critics say it resembles a giant Christmas tree (the tower does spread downward from the top peak, and will be a vulgar blight) on the Moscow cityscape. The structure will be placed on a peninsula located five miles from the city center and it is expected to be completed in six years.

[via The Sunday Times]

The Changing World of Caviar Production


In 2008, it looks the ongoing battles for caviar will be heating up. The fight for the Caspian Sea is starting to get more contentious. In the past, we've mentioned the concerns over the sea and the sturgeon in the sea which are the world's biggest source of caviar. On Monday, Iran firmed up their demand for a share of around 20 percent of the Caspian Sea. There are five Caspian sea states, Iran, Russia, Kazakhstan, Azerbaijan and Turkmenistan. In October, at a summit in Tehran, the five states pledged to work out an agreement to divide the sea but have not agreed on the boundaries yet. Iran's coast is less than 14% of the sea but they think the sea's resources should be divided into five equal portions. The sea is also a source of oil reserves. In terms of caviar the question isn't just access to the sturgeon but also how much caviar, if any, should be harvested. The sturgeon, which can live to over 100 years but mature slowly, are being fished out of existence.

Meanwhile, the black market in caviar continues apace, especially in Russia where the growing ranks of big spenders have an increasing demand for the delicacy. This occurs just as depleted sturgeon stocks have led to bans on caviar. In Russia recently a large crime ring that dealt in illegal caviar was busted. An article in the Independent asserts that most of the caviar sold in Moscow is illegal. The article also states that even the poachers on the Caspian Sea are having trouble making a living.

It is certain that the world of caviar will have to change simply because the Caspian Sea is being fished out. This also represents an opportunity for growing caviar industries in other parts of the world. We've seen a variety of different caviar options arise over the past few years (Check a list of some beluga alternatives i wrote about in 2006) ranging from sturgeon farms in California to paddlefish, trout or salmon roe and even caviar made from seaweed.

Scenes From the Moscow Millionaire Fair 2007


For those of us not lucky enough to have attended the Moscow Millionaire Fair, Reuters provides some highlights. The spending power of the Russian billionaires continues to grow and these fairs are mean to court the biggest of the big spenders. Some of the highlights included a set of diamond-covered rims that sell for $1 million (they also throw in the $250,000 Bentley Coupe and the services of a security guard), taxidermic models of extinct animals including a saber-tooth tiger and the giant skeleton of a Siberian bear, real estate offers and diamond-covered cellphones. One of the most striking items was a Mercedes covered in swirls of Swarovski crystals but the sellers recommend that the $350,000 car only be used on special occasions, some of the crystals were already falling off. Another offering might be an odd choice for those living in Russia's frigid climate, personalized "cold rooms" from Criohome which go down to minus 85 degrees Celsius and are meant to increase good health and even cure hangovers by spending a few minutes inside freezing each day.

Gallery: Moscow Millionaire Fair 2007

Boucheron Vertu PhonesModel throwing moneySwarovski Mercedes$1 million diamond rims

Volna Watches


The latest watch brand comes from Russia. The Volna timepieces take their inspiration from the mysterious world of the Soviet submarine fleet. Each collection is named after a submarine class of the Soviet era. The Typhoon, Volna's lead collection,is inspired by the largest submarine ever built of the same name. The watch's case is 46 ½ mm diameter. It is water resistant to 300 meters and has a prominent case protecting the winding crown. The Typhoon's double security crown uses a crown actuator to engage the crown from its place within the caseband and unscrewed for time setting. A security indicator within the dial lets you know if the crown has been properly closed by displaying either the "OPEN" position or the "300 M" position. VOLNA will produce 500 watches worldwide, with only 150 pieces available in the US. Retail prices begin at $4,900.

[via Time Zone]

Russia's First Maybach Theft

It's not always easy to be a high-spending Russian businessman. Vikotor Markov has the dubious distinction of being Russia's first Maybach 57 owner to have his car stolen. Markov, who bought the car for €530,000 but insured only for €300,000, lost his Maybach limo while he was eating dinner in Moscow. He went into the De Marco cate and aa gang of thugs hijacked his driver and knocked him out. He was released later outside the Moscow Ring Road. The theft is suspected to part of a series of ongoing thefts of luxury cars that has included three Bentleys. It is suspected that the car will be driven to another country such as Kazakhstan or Ukraine and resold.

Russian Businessman Gets His Second Matching Yacht


The mysterious Russian businessman who ordered matching yachts is about to get his complete set. A Wisconsin newspaper, The Manitowoc Herald Times Reporter, says that Burger Boats launched the Areti II, the companion to the Areti I, on Saturday. Areti II is a 127-foot, tri-deck yacht and it will join its bookend, Areti I in St. Augustine, Florida after sea trials on Lake Michigan. Areti II will eventually be shipped off to Europe so that the Russian industrialist will have access to a yacht wherever he travels. The pair of yachts are identical except for different artwork in each and each has a cruising range of around 4,000 miles. The article also gives a clue to the reason behind the names. The owner is associated with Itera USA (Ateri is Itera backwards), a company that has interests in energy, timber and real estate. Likely candidates for the mystery owner therefore seem to be the Chairman of the Board, Igor V. Makarov or the President and CEO Raissa M. Frenkel, PhD.

Bugatti Has Arrived -- in Moscow!

Luxury car maker, Bugatti, recently stated it will begin distribution of its elite vehicles in Russia. To mark the occasion a posh dinner-gala was held at Barvija Luxury Village hosting executives and socialites while highlighting the Bugatti Veyron 16.4 model. Initially, Bugatti plans to market ten cars but may add more in the future with prices starting at $1.7 million! Quite the price tag! If you already know where the Bentley salons are you'll find the Bugatti right alongside. I don't know about you but if I had $1.7 million to blow I would spend it on a trip around world! Cars don't do very well crossing an ocean.

Battle of the Russian Billionaires


Juicier than any Hollywood scuffle is what recently went down in the Hermes boutique in London recently. It was the battle of the Russian billionaires as Boris Berezovsky and Roman Abramovich got into a scuffle. The Daily Mail says that Berezovsky, shown above on the right, was shopping in Dolce & Gabbana when he spotted Abramovich, shown above on the left, in the nearby Hermes store and he ordered one of his bodyguards to bring him a $10 billion legal writ for Abramovich. When Berezovsky tried to go the Hermes shop, Abramovich's set of bodyguards tried to keep him out.

Words were exchanged, Berezovsky shoved to documents at Abramovich who let them fall to the floor and then according to witnesses the two groups went off in opposite directions. Why the bad blood? The two were once business partners, but Berezovksy says that Abramovich had pressured him into selling his stakes in the Sibneft oil firm, Russian Aluminium and the television channel ORT at bargain prices. Poor Berezovsky told ABC News that he made less than $1 billion from the sale of these assets which he could have sold for far more. He also says that Abramovich did this on the orders of Vladimir Putin.

Abramovich, for his part is remaining silent on the episode. For a man who values his privacy, Abramovich manages to get his name in the news a lot. But when you are one of the world's richest men and one of the spendiest too folks are bound to talk. How do we suggest these two resolve their differences: a friendly game of chess, hot oil wrestling, pistols at dawn?

Save The Sturgeon, Save Russia?


The tug of war between the desire to protect the sturgeon population and the booming caviar business gets a little more interesting with a declaration from Russia's first Deputy Prime Minister Sergei Ivanov. Ivanov, a potential contender to succeed President Vladimir Putin in 2008 has said that he believes that black caviar might have to be taken off the menu for a while to let sturgeon stocks recover. Reuters quotes him as saying that the move could help "repair our national wealth in this time after we so rapaciously annihilated it." Ivanov has said he could survive without caviar. In the past, Russian agriculture officials have asked Putin to declare a state monopoly on the export of black caviar from Russia.

Russia, The Island


Perhaps taking a cue from the developers of the World in Dubai, Russian developers have announced that they are creating an artificial island in the shape of Russia in the Black Sea. Federation Island will be located off the coast of the future Olympic venue Sochi. The island, which will have marinas, artificial rivers and apartments and villas to house 25,000 is planned to be completed in time for the 2014 Winter Olympics in Sochi. Dutch architect Erick van Egeraat is designing the project and it is expected to cast around $6.2 billion.

Russian Billionaire Buys Entire Art Auction


The Russian tales of outrageous spending continue. Perhaps an even more fabulous story than the Russian businessman with his identical yachts is the story of Russian billionaire Alisher Usmanov who recently bought the entire collection of the late cellist Mstislav Rostropovich before it was due to be auctioned at Sotheby's London yesterday. According to the Sunday Times, the oligarch paid "substantially more" than the around $40 million estimate. Usmanov has said that his aim was to preserve the collection and save it from being divided up. He plans to present the 450 artworks (including paintings, glassware and fine porcelain) to the Russian state. This is not Usmanov's first charitable act, he recently paid $3 million for the rights to Soviet-era cartoons which he donated to a new state-run television channel for children. The piece shown above is a work from Nikolai Konstantinovich Roerich titled Treasure of the Angels.

[Thanks, Lana]

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