After buying luxury label Cavalli, the Damac Group is turning its attention to the Swiss jewellery brand, de Grisogono. The latter, which had been in bankruptcy proceedings, has been bought by Damac founder Hussain Sajwani after a bidding process. Alongside the deal, Damac said it launched a property project called Safa One by de Grisogono in Dubai, featuring cascading waterfalls, hanging gardens and a manmade beach on the podium level. Grisogono is most known for its ‘Creation I’ necklace, which featured the largest ‘D flawless diamond in the world’ and fetched $33.7 million at an auction in 2017. The jeweller has adorned many celebrities on the red-carpet including Hollywood actress Natalie Portman and supermodel Naomi Campbell.