posted by Savanah on Apr 27
A dress worth almost five times the top bonus paid to AIG executives is creating buzz at the STYLO Fashion Festival in Kuala Lumpur. The festival, which began on March 28th and wraps up tomorrow (April 5th) is being held at four sites across the capital city of Malaysia.
Faisol Abdullah, designer of the dress, believes the gown demonstrates that no matter what happens in the economy, “diamonds are forever.” The dress features 751 diamonds which are worth $30 million (US). The evening gown includes a 80 carat pearl-shaped diamond at the bodice. The gown also has a train that sparkles with diamonds.
Many are questioning the extravagance of such a gown during the worst economic slowdown in the world in decades.
The dress, which is known as the “Nightengale of Kuala Lumpur,” was made possible by the ample supply of Bengium-cut diamonds available in Kuala Lumpur. The sourcing of over 700 diamonds would usually take months.
The STYLO Fashion Festival is one of Asia’s premiere fashion events. Designers, models, buyers, and media as well as celebrities fill the luxury hotels Kuala Lumpur during the event. Abdullah hopes to find a buyer for the dress at this event.
The dress will then be presented to royal courts, starting in the middle east, until a buyer can be found. If a buyer can be found, 5 percent of the sale funds will go to the Gaza Humanitarian Fund.