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Nita Ambani stuns in Hermès Sac Bijou worth £1.67 million with 3,025 diamonds and 111 carats at Manish Malhotra's Diwali bash

Nita Ambani’s Hermès creation is a wearable jewel, made from solid 18k white gold and covered in thousands of diamonds.

Nita Ambani  in Hermès Sac Bijou

Nita Ambani stuns with Hermès Sac Bijou worth ₹17 crore at Diwali party

Highlights:

  • This bag is one of only three in existence.
  • Crafted from white gold and smothered in thousands of diamonds.
  • Carries a price tag that will make your eyes water – we are talking £1.6 million (approx. ₹16.6 crore).
  • She just wore a silver Manish Malhotra saree with those emerald earrings.

Nita Ambani arrived at Manish Malhotra's Diwali party and essentially broke fashion. Everyone else was present and looking great, but then there was her bag. That Hermès number is not something you see every day, or ever, really. It is the Sac Bijou, a thing so exclusive it makes a standard Birkin look common.

Nita Ambani  in Herm\u00e8s Sac Bijou Nita Ambani stuns with Hermès Sac Bijou worth ₹17 crore at Diwali party Instagram/three.over.six/manishmalhotraworld and manishmalhotra05



What is special about the bag?

The Hermès Sac Bijou is only made three ever. Every detail was carefully conceived by Pierre Hardy back in 2012. With 3,025 diamonds weighing a total of 111 carats, its purpose is not to hold essentials. Instead, it transforms the wearer’s arm into a dazzling showcase.


How do you style a £1.6 million accessory?

Nita chose a razor sharp silver sequin saree from Manish Malhotra. There was no heavy embroidery, just clean lines and a great deal of sparkle to match the bag's feel. She then added those heart shaped Colombian emerald earrings, which were absolute units of gemstones, and a matching bracelet. The overall effect was pure casual flex. It was a statement, suggesting: "Oh, this old thing? Just a typical Tuesday night out."


But why does anyone care about a bag that is practically useless?

That is the whole point. It is not about utility; it is about spectacle. In the world of high fashion, this is the peak. It is a piece of art that you wear. The bag was not part of the outfit. It was the outfit. The entire ensemble felt like a massive understatement, which is remarkable to say.


But can you actually use it?

No. Of course, you cannot. That is not the point. That is what makes it so brilliant. It is a power move. It is a conversation piece that instantly wins the conversation. When the value of your bag could buy an entire row of houses, it stops being an accessory. It becomes a landmark, like a statement of arrival without saying a word. And for an event like the Diwali bash, where everyone is trying to make a statement, that was hers. Game over.

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Netflix approves $25 billion buyback after scrapping Warner Bros bid

Highlights

  • Netflix board approved a $25bn share repurchase on 22 April, with no expiry date.
  • The move follows Netflix abandoning its $83bn bid for Warner Bros' streaming and studio assets.
  • Netflix stock has fallen more than 10 per cent since weak Q2 guidance, closing at $93.24 on 22 April.
Netflix has approved a $25 billion share buyback programme, using capital it had kept aside for its failed bid to buy Warner Bros.
The board gave the green light on 22 April, with the decision disclosed in an SEC filing the next day.
There is no expiry date on the programme. It comes on top of an existing December 2024 buyback that still had $6.8 billion left as of 31 March.

Earlier this year, Netflix pulled out of an $83 billion deal to acquire Warner Bros' streaming and studio assets after Paramount Skydance made a rival bid for Warner Bros. Discovery. Paramount then paid Netflix a $2.8 billion exit fee.

Co-CEOs Ted Sarandos and Greg Peters had already said the company would restart share buybacks once the deal was off.

Netflix shares have had a rough ride. They hit an all-time high of $134.12 in June 2025, then fell more than 40 per cent when the Warner Bros deal was announced.

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